Automotive Flex Fuel Engine Market

Automotive Flex Fuel Engine Market by Engine Capacity (Mid-size, Full-size) by Fuel Type (Gasoline, Diesel) by Vehicle Type (Passenger Cars, Commercial Vehicles) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive Flex Fuel Engine in terms of revenue?

    The global Automotive Flex Fuel Engine valued at 8.72 Billion in 2020 and is expected to reach 19.62 Billion in 2028 growing at a CAGR of 10.51%%

  • Which are the prominent players in the market?

    The prominent players in the market are General Motors Company, AUDI, Mitsubishi Motors Corporation, Nissan Motor Co. Ltd., Ford Motor Company, Fiat Chrysler Automobiles, Volkswagen, Toyota Motor Corporation, Honda Motor Co. Ltd., Volvo Cars..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 10.51%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive Flex Fuel Engine include

    • The increasing stringent government regulation on vehicle emissions is one of the primary factors propelling the growth of the automotive flex-fuel engine market in the upcoming years. The use of ethanol cuts greenhouse gas emissions by half compared to other fuels. According to RFA analysis using the U.S. Department of Energy’s GREET model, the use of ethanol in gasoline in 2020 reduced CO2-equivalent greenhouse gas emissions from the transportation sector by 47.3 million metric tons which is equivalent to removing 10.1 million cars from the road for an entire year, or eliminating the annual emissions from 12 coal-fired power plants. Additionally, the European Union has set itself a target of net-zero greenhouse gas emissions by 2050. This in turn, is projected to support the growth of the market.
    • The rising vehicle sale across the globe is anticipated to augment the growth of the automotive flex-fuel engine market during the forecast period. This is owing to the rapid urbanization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles which in turn is expected to support the growth of the automotive flex-fuel engine market in the forecast period.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Automotive Flex Fuel Engine in 2020.

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