Global Alternative Fuel Vehicles (AFV) Market Insights and Forecast to 2028

An alternative fuel vehicle (AFV) is a vehicle that runs on substances other than the conventional petroleum gas and diesel.
Market Analysis and Insights: Global Alternative Fuel Vehicles (AFV) Market
Due to the COVID-19 pandemic, the global Alternative Fuel Vehicles (AFV) market size is estimated to be worth US$ 195800 million in 2022 and is forecast to a readjusted size of US$ 450540 million by 2028 with a CAGR of 14.9% during the review period. Fully considering the economic change by this health crisis, Electric Vehicles accounting for % of the Alternative Fuel Vehicles (AFV) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Transportation segment is altered to an % CAGR throughout this forecast period.
The investment in research on alternative fuel technology is not only being contributed by governments, but by the energy companies themselves as they realize that alternative fuels will be absolutely essential over the next two decades.
In terms of production side, this report researches the Alternative Fuel Vehicles (AFV) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Alternative Fuel Vehicles (AFV) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Alternative Fuel Vehicles (AFV) Scope and Segment
Alternative Fuel Vehicles (AFV) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Alternative Fuel Vehicles (AFV) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Electric Vehicles
Other Fuels
Segment by Application
Transportation
Chemical
Agricultural
Industrial
Others
By Company
BYD
Daimler
Ford Motor
Honda Motor
Hyundai Motor
Jaguar Land Rover
Mitsubishi Motors
Nissan Motor
Shell International
Toyota Motor
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE