Tuesday, February 24, 2015

The environment saver - Low Emission Vehicles market trends analysis and forecast

Transport is vital component of an individual’s everyday life in today’s world. The ever evolving nature of transportation creates a need to diminish several problems accompanying it for example; the increasing levels of congestion & traffic, noise & emissions of different gases and its threat to the environment. Effective emission standards can help in controlling the various pollutants that are released from the vehicles such as Sulphur Oxides (NOX and SOX), oxides of nitrogen and CO2. 

The control over emissions of such gases through automobiles & powered vehicles, power plants, industries, diesel generators etc. would help restricting the harmful effects over the overall environment. Low emission vehicles refers to hybrid vehicles that are a culmination of electrical vehicles and traditional engines i.e. Internal Combustion Engines.

Big Market Research adds a report titled “Global Low Emission Vehicle Market (Applications, End User and Geography) Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2014 – 2020.” The report provides detail analysis of the global low emission vehicle market.

Environmental pollution and the excess use of fossil fuels are the major factors that lead the growth of the low emissions vehicle market. Also, various other factors such as mass production, plenty of excess resources, technological advancements and the growing demand from the manufacturers across different industries has subsequently helped in raising the demand for low-emissions vehicles. Low cost Lithium-Ion batteries and high energy density batteries are being used to enhance the effectiveness of the low emission vehicles.

Favorable government regulations from all across the globe with a perspective of saving the environment from harmful pollutants is one of the key factors contributing to the growth of the overall global low emission vehicles market. However, the high cost of such vehicles poses a major challenge for the overall market growth.

The report on the low emission vehicles market also profiles some of the major players from the global market. Companies profiled in the report are Nissan Motor Corp, Toyota Motor Corp, Honda Motor Co, BMW AG, Ford Motor Co, GE Motors Co and Volkswagen group.

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