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Europe E-Gasoline Market Trends

Report ID: GMI11576
Published Date: Sep 2024
Report Format: PDF

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Europe E-Gasoline Market Trends

Ongoing and accelerated efforts toward decarbonizing the transport sector, supported by favorable government policies and incentives, will drive the growth of e-fuel production across Europe. As one of the largest contributors to global greenhouse gas emissions, the transport sector faces increasing pressure to adopt cleaner solutions. E-fuel presents a viable option for reducing emissions, especially in hard-to-electrify sectors like aviation, maritime, and heavy-duty trucking. Furthermore, numerous countries are enacting regulations aimed at cutting carbon emissions and promoting the adoption of alternative fuels.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of European e-gasoline was worth over USD 600 million in 2023 and is projected to grow at a CAGR of over 31.6% from 2024 to 2032, driven by the integration of renewable energy, supportive government policies, and strategic partnerships.

The automotive sector is projected to grow at over 31.5% CAGR through 2032, due to the increasing integration of hybrid and flex-fuel vehicles.

Advancements in solar energy capture, hydrogen production, and carbon capture are driving the on-site solar segment of the renewable source market to exceed USD 4 billion by 2032.

The e-gasoline market in Germany is projected to surpass USD 1.4 billion by 2032, driven by factors such as cost competitiveness, consumer awareness, and regulatory support.

Arcadia eFuels, Ballard Power System, Climeworks, Electrochaea, ExxonMobil, Ineratec, HIF Global, Liquid Wind, MAN Energy Solutions, Norsk E-Fuel, Porsche, Sunfire.