Low Emission Vehicles-Introduction,Market Research and Global forecast(2012-2017)

This Blog focuses on the Introduction, Market Research and  mentioning Global forecasting revenue from year 2012 to  year 2017.

An Low-Emission Vehicle (LEV) is a motor vehicle that emits extremely low levels of motor vehicle emissions compared to other vehicles.All Hybrid vehicles are commonly considered as LEV.

A hybrid vehicle is a vehicle that uses two or more distinct power sources to move the vehicle.The term most commonly refers to hybrid electric vehicles (HEVs), which combine an internal combustion engine and one or more electric motors. However other mechanisms to capture and utilize energy are included.

currently, low emission vehicle market is dominated by Full Hybrid Electric Vehicles (FHEVs).

The Toyota Prius is the world's top selling hybrid electric vehicle and LEV with cumulative global sales of over 3 million units by June 2013.

Rise in the global price of petroleum-based fuel, increase in the number of initiatives taken by different governments, ever-growing availability of different HEV models, and ongoing development in battery technology are driving the low emission vehicle market. Lack of support infrastructure, power, performance, and higher cost as compared to ICE-vehicle end-user segments are acting as restraints for the market.

Low emission vehicle(LEV) market is also categorized on the basis of degree of hybridization, different types of batteries used in the vehicle.

There are many types of batteries that are currently being used - or being developed for use - in HEVs.

They are listed below :

1. Lead Acid
2. Advanced Lead Acid
3. Nickel-Cadmium
4. Nickel-Metal Hydride
5. Lithium-Ion
6. Zinc-Bromide
7. Lithium Polymer
8. Sodium Nickel Chloride        

Hybrid Electric Vehicle Market (2011-2017)

Source: MarketsandMarkets

Till date, the mass produced FHEVs cars have been powered by nickel metal-hydride (NiMH) batteries and Lithium-Ion batteries.

Categorization of HEVs on the the basis of degree of hybridization is listed below:

1. Full Hybrid Electric Vehicle (FHEV)
2. Mild Hybrid Electric Vehicle (MHEV)
3. Plug-in Hybrid Electric Vehicle (PHEV)
4. Pure Electric Vehicle (BEV or EV)

The global low emission vehicle market is expected to grow to USD 103.13 billion by 2017 at an Compound Annual Growth Rate of 30.3% from 2012 to 2017. Low emission vehicle shipments on a global level are expected to reach 3532.1 thousand by 2017, at a CAGR of 27.8% from 2012 to 2017.  

For more Details, follow the link below:
http://www.prweb.com/releases/low-emission-vehicle/market/prweb11337844.htm