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MarketsandMarkets Releases Low (Zero) Emission Vehicle Market (2012 – 2017) Report

According to a new market research report “Low (Zero) Emission Vehicle Market (2012 – 2017) – By Degree of Hybridization & Type of Traction Battery Used – Global Forecast, Trends & Analysis” published by MarketsandMarkets , the global low emission vehicle market was valued $21.13 billion in 2011 and is expected to grow from $27.45 billion in 2012 to $103.13 billion by 2017 at an estimated CAGR of 30.3 percent from 2012 to 2017.
The Company said that 826.8 thousand low emission vehicle were shipped on a global level for 2011 and the number is expected to reach 3532.1 thousand units by 2017, at an estimated CAGR of 27.8 percent from 2012 to 2017.

Browse 105 tables and in-depth TOC on “Low (Zero) Emission Vehicle Market (2012 – 2017) – By Degree of Hybridization & Type of Traction Battery Used – Global Forecast, Trends & Analysis”.

A hybrid electric vehicle (HEV) is a type of hybrid vehicle and electric vehicle that combines a conventional internal combustion engine (ICE) propulsion system with an electric propulsion system. The presence of the electric powertrain is intended to achieve either better fuel economy than a conventional vehicle, or better performance.
According to a release, the world is dominated by ICE-powered vehicle and enjoying the benefits of advances in technology and mass production; support from components manufacturer industries, and availability of talented resources. However, the outcome of this dominance includes faster consumption of global fossil fuel resources and an increasing amount of exhaust emissions such as CO2 and CO in the environment. Given these challenges, governments and automakers are looking for better alternative to ICE-powered vehicle that can help with the exhaust emission and the dependence on oil, which is the primary fuel to tradition vehicles. That is why the need for low emission vehicle is evolving and is continuously expanding. This approach will act as a medium to make automotive industry more environment-friendly, benefiting the world.
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