Alternative Fuel Vehicles Market Companies
Given companies aim to achieve carbon neutrality across their operations and supply chains within the next two decades, aligning with global climate targets and regulatory requirements. Through continuous research and development, they strive to lead the transition toward a cleaner, greener transportation future. Honda Motor Co., Ltd, Hill's Pet Nutrition, Inc., BYD Company Ltd., Daimler AG, and other major companies are among the major participants in the alternative fuel vehicles market.
List of Key Players in the Market:
- Honda Motor Co., Ltd
- Toyota Motor Corporation
- MITSUBISHI MOTORS CORPORATION
- Nissan Motor Corporation
- Daimler AG
- Tesla, Inc.
- BYD Company Ltd.
- Ford Motor Company
- SHELL International B.V.
- JAGUAR LAND ROVER AUTOMOTIVE PLC
- Hyundai Motor Company
- Kia Corporation
- Lucid Motors
- Rivian Automotive, Inc.
- Volvo Cars
Recent News:
- In January 2024, the Renewable Fuels Association showcased the Plug-in Hybrid Electric Flex Fuel Vehicle (PHEFFV) at the Washington, D.C. Auto Show. RFA conducted various tests for the converted 2022 Ford Escape, including tailpipe emissions analysis, life cycle greenhouse gas assessment, cost of ownership analysis, and convenience testing.
- In June 2023, National Fuel Gas Distribution Corporation (National Fuel) officials initiated an alternative fuel vehicle pilot program. The program utilizes an Adsorbed Natural Gas (ANG) platform developed by Ingevity Corporation, known as NeuFuel. According to the Natural Gas Vehicles of America (NGVA), when combined with renewable natural gas (RNG), this platform has the potential to reduce greenhouse gas emissions by up to 125 percent.