Zero Emission Vehicle Market Size Share, Trends, Growth 2027
Zero Emission Vehicle (ZEV) Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing awareness regarding environmental pollution & supportive government policies to promote electric vehicles globally are anticipated to drive the growth of Global Zero Emission Vehicle Market.
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Scope of Global Zero Emission Vehicle (ZEV) Market Report
Zero emission vehicles (ZEV) are the vehicles which don’t emit pollutants in its exhaust gas from source of power. The vehicles uses different type of source of power such as gasoline, diesel, CNG, etc. which emits different types of pollutant from its tailpipe i.e. particulates, carbon monoxide, hydrocarbons and etc. The pollutants released from gasoline powered vehicles leads to various health problems such as COPD, asthma & environmental problems like global warming
Some of the key players for global zero emission vehicle (ZEV) market are Hyundai, BMW, Chevrolet, Toyota, Nissan, Volkswagen, Mercedes-Benz, Tesla, BYD, Kia, Fiat, Tata Motors, Honda Motor and others.
Increasing Awareness Regarding Environmental Issues Caused by Vehicles is One of the Major Factors Driving the Growth of Global Zero Emission Vehicle (ZEV) Market.
The major factor driving the growth of global zero emission vehicle (ZEV) market is the growing awareness about environmental issues caused by vehicles. The environmental problems like air pollution, global warming, increasing carbon footprint, etc. are caused by automotive exhaust gases which lead to environmental & health problems like respiratory issue and etc.
Global Zero Emission Vehicle (ZEV) Market Segmentation:-
By Vehicle type:
Battery Electric Vehicles (BEV)
Plug-in Hybrid Electric Vehicles (PHEV)
Fuel Cell Electric Vehicles (FCEV)
By Application:
Commercial Vehicles
Passenger Vehicles