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Automotive E-Fuel Market Trends

Report ID: GMI11514
Published Date: Sep 2024
Report Format: PDF

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Automotive E-Fuel Market Trends

Shifting focus towards long-term sustainability goals of automotive manufacturers coupled with increasing compatibility of existing automobiles with e-fuel infrastructure is bolstering the product demand. The automotive industry's shift towards carbon neutrality is driving market growth. Automakers' commitment to reducing emissions has led to increased investment in alternative fuel technologies. While electric vehicles remain a primary focus, the demand for e-fuels is rising, particularly in the high-performance and long-range vehicle segments. This diversification in fuel strategies is creating new opportunities within the automotive market, as manufacturers seek to address various performance requirements and consumer preferences while meeting environmental goals.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of automotive e-fuel was worth over USD 2 billion in 2023 and is projected to grow at a 33.1% CAGR from 2024 to 2032, due to strict government regulations catering to carbon emission by automobiles coupled with rising advancement in renewable energy technologies.

The fischer-tropsch technology segment in the automotive e-fuel market is estimated to grow at over 32.5% CAGR through 2032, driven by strong need for significantly reducing carbon emissions, aligning with global decarbonization goals.

U.S. automotive e-fuel market is projected to cross USD 2.2 billion by 2032, led by increasing investment from both public and private sectors.

Archer Daniels Midland, Arcadia eFuels, Ballard Power Systems, Ceres Power Holding, Clean Fuels Alliance America, Climeworks, ExxonMobil, FuelCell Energy, HIF Global, INFRA Synthetic Fuels, and LanzaJet.