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Introduction of Stringent Emission Norms Boosts Uptake of Hybrid and Electric Cars across Globe

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Published on : Jul 27, 2017

Albany, New York, July 27, 2017: The research report, titled “ Hybrid & Electric Cars Global Industry Guide 2017,” provides a thorough understanding of the various factors that are likely to determine the trajectory of the overall market in the coming years. The publication has been compiled using primary and secondary research methodologies to provide the readers an exact and an accurate assessment of the overall market. The document also includes measurement of the strengths, weaknesses, opportunities, and threats that are present in the global market. It evaluates the evolution of automakers and ascertains how it will impact the future of the global hybrid and electric cars market.

The research report identifies implementation of stringent rules and regulations as the key market driver pushing the growth of the global hybrid and electric cars market. The growing concerns about the environment and the emissions have resulted in shift toward hybrid and electric cars. These vehicles are known to have lesser emissions due to no or less fuel consumption. The growing focus of various governments across the globe toward curbing pollution levels is expected to play a major role in the burgeoning demand for alternative fuel vehicles (AFV). Analysts anticipate that the booming economic conditions, especially in the developing regions, has also had a positive impact on the global hybrid and electric cars industry.

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In terms of geography, the global hybrid and electric cars market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Of these, Europe leads the market as the European Union has been stickler for rules pertaining to CO2 emissions levels. Introduction of new norms in European Union, Euro VI, have set the made nitrogen oxide permissible only below 0.4/kWh and while other emissions are set below 0.01g/kWh. Such norms and firm stands on carbon emissions are expected to have a direct and a positive impact on the growth of the global market. On the other hand, developing countries such as India and China are also likely to play an important role in the global industry. The growing investment in the automotive sector of these countries is likely to keep Asia Pacific hybrid and electric cars industry in the leas as well.

Some of the key players operating in the global hybrid and electric cars industry are Nissan Motor Co., Ltd., Tesla Motors, Inc., Toyota Motor Corporation, BYD Company Limited, BAIC Motor Corporation Ltd,  Bayerische Motoren Werke AG, Renault SA, Renault SA, Honda Motor Co., Ltd, Mitsubishi Motors Corporation, General Motors Company, and Volkswagen AG. The research report offers a comprehensive take of the intensity of the competition present in the global market. Furthermore, it also evaluates the threat from the new entrants to the existing players and that of substitutes. The publication includes recommendations and comments from market experts to help the readers take well-informed decisions.

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