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(I-AutoNewsWire.com, February 03, 2016 ) The strict environmental regulations regarding controlling the increased pollutants from industrial emissions and vehicles are also supporting the growth of the global market. The increasing popularity of vehicle to grid technology among consumers and high growth in charging infrastructure market are two of the major factors, providing ample growth opportunities for the global market. Some of the major factors restraining the growth of the global market are higher cost of low emission vehicle, lack of power and performance, and lack of supporting infrastructure.
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The ground level ozone, particulate matter, volatile organic compounds and nitrogen oxides are some of the primary pollutants, which are present in emissions. Air pollution leads to several diseases, such as asthma, lung cancer and cardiovascular disease. As the number of cases for illness has increased, the government is more focused towards amendment of emission standards and health hazards related with harmful compounds. In metropolitan cities, the growing population and increase in usage of individual transport vehicles is contributing to considerable increase in air pollution. In the various developing countries, such as Brazil, China and India, the secondary cities are being developed as a part of economic development. But inefficient and conventional transport infrastructure in metropolitan cities has led to intensifying levels of vehicle emissions, noise and traffic congestion.
With the increase in monitoring duties, several guidelines have also been implemented for the amount of fuel usage in low emission vehicle. The favorable government proposals in capitalizing for innovative low emission technologies are expected to reduce the usage of fossil fuel, which will further decrease the air pollution. This has offered opportunities for enhancing the automotive supply chain and has also encouraged the competitors in the market for investing in development of low carbon technologies. The growth of environment friendly automotive companies is positively influenced by low emission vehicle.
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The improvisation of automotive components and enhancements in fuel efficiency for providing the renewable fuels are expected to drive the innovation in low emission vehicle. Decarburization in freight and aviation sector is up surging, due to increasing developments in biofuels market. The competitors are increasingly focusing on research and development activities for developing fuel efficient vehicles, due to increasing consumer awareness about low emission vehicle.
Global Low Emission Vehicle Market Segmentation
By Hybridization
Pure Electric Vehicle
Plug-in Hybrid Electric Vehicle
Mild Hybrid Electric Vehicle
Full Hybrid Electric Vehicle
Others
By Battery Used
Nickel Metal Hydride
Metal Hydride Batteries
Lithium Ion Batteries
Nickel-Cadmium Batteries
Lead Acid Batteries
Others
By Geography
North America
o The U.S.
o Canada
Europe
o Germany
o The U.K.
Asia-Pacific
o China
o Japan
Rest of the World
o Brazil
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