Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Low Emission Vehicle Market Research Re | Page 2

Automotive Low Emission Vehicle Market, By Segmentation:
On the basis of degree of hybridization, the most widely utilized and
popular variety is the MHEV owing to the fact that they run primarily on
internal combustion engine using either petrol or diesel, and are assisted
by an electric motor attached to the engine. These vehicles are cost-
effective and employ electric motor for short spurt of power when
critically needed. On the basis of battery type, the most widely used
battery type is the lithium-ion battery, owing to its long battery life,
durability, and consistent voltage output. On the basis of vehicle type,
the passenger vehicle segment is the easiest to be fitted with electric
battery and drive system due to size and cost feasibility.
On the basis of region, the market is segmented based on North
America, Asia Pacific, Europe, and Rest of the World. In North America
(the U.S. and Canada), people prefer personal vehicles for leisure and
work-related traveling. With the growing trend of owning personal
vehicles by every person, global warming and carbon footprint is a big
concern. Hence, the low emission vehicle market will flourish in this
region. In the Europe region, the trend that exists is for high-end
automobiles that provide high vehicle performance at the cost of extreme
low vehicle mileage (i.e. high fuel consumption), thus compelling
authorities in the present era to use low emission vehicles to control
pollution. The Asia Pacific region has emerging economies, such as
India and China, who are placed in a tropical region where pollution and
related smog is a major health concern, highlighting the importance of
low emission vehicles.
Key Players:
The key players in automotive low emission vehicle market are
Volkswagen AG (Germany), Nissan Motor Company Ltd (Japan),