Ultimate Guide of Flex Fuel Engine
A flexible-fuel vehicle (FFV) is a vehicle having an internal combustion engine that can run on a combination of fuels, most often gasoline and ethanol. Although a flex-fuel engine can be designed to run on pure ethanol, FFVs in the U.S. are optimized to run on E85, a gasoline-ethanol blend with 51 to 83 percent ethanol, according to the U.S. Department of Energy. The actual composition of E85 varies based on region and season to ensure that the automobile can start in cold weather. Leading automakers such as General Motors, Toyota Motor Corporation, Ford Motor Company, and others have stepped up their efforts to develop flex-fuel engines for passenger and commercial vehicles, offering a significant growth opportunity for the flex-fuel engine market.
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Increased demand for carbon-neutral automobiles around the world to counter rise in global pollution levels propels the flex fuel engine market forward during the forecast period. Flex-fuels have various advantages, including domestic production capabilities and renewability, which might lessen the country's reliance on foreign petroleum. E85 produces fewer greenhouse gas emissions and benzene emissions than gasoline, which encourages the use of flex-fuel engines. For instance, in June 2020, General Motors Company introduced the Chevrolet Silverado HD and GMC Sierra HD, both of which are equipped with Flex Fuel-capable engines that can run on E85 ethanol and gasoline. During the forecast period, such advancements are expected to fuel expansion in the flex-fuel engine market.
COVID-19 Impact Analysis
- The impact of COVID-19 on the flex fuel engine market is unclear and it is expected to remain restricted until the last quarter of 2021.
- To prevent the spread of the COVID-19 virus, governments across the globe implemented strict lockdowns and made social distancing mandatory. Consequently, several organizations began work from home programs as a precautionary measure. This led to a sudden fall in global demand for automobiles.
- Moreover, nationwide lockdowns disrupted the supply chain as several automotive engine manufacturing facilities across the globe were forced to partially or completely shut down their operations.
- The adverse impacts of the COVID-19 pandemic resulted in massive supply-demand challenges across the globe.
The factors such as the stringent environmental regulations and vehicle emission norms, and depleting fossil-fuel reserves are expected to drive the flex-fuel engine market. However, engine damage concerns, scarcity of flex-fuel stations, and development of electric and hybrid electric vehicles are the factors expected to restrict the growth of the market during the forecast period. Moreover, the increase in adoption of sustainable automotive technologies and increased automotive performance on higher ethanol blends across the world in the coming years are the factors anticipated to supplement the flex-fuel engine market’s growth in the coming years.
Key Benefits For Stakeholders
- This study presents the analytical depiction of the flex-fuel engine analysis along with the current trends and future estimations to depict imminent investment pockets.
- The overall flex fuel engine market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities ofthe market with a detailed impact analysis.
- The current market is quantitatively analyzed from 2020 to 2030 to benchmark financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
- KEY PLAYERS
- AB Volvo
- Cummins Inc.
- Fiat Chrysler Automobiles
- Ford Motor Company
- General Motors Company
- Honda Motor Co., Ltd.
- Mitsubishi Motors Corporation
- Nissan Motor Co., Ltd.
- Toyota Motor Corporation
- Volkswagen AG
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