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Alternative fuel vehicles (AFV) Market Share, Key Market Players, Trends & Forecast, 2017-2026


Alternative fuel vehicles (AFV) Market Share, Key Market Players, Trends & Forecast, 2017-2026
iCrowd Newswire
10 Jul 2021, 14:10 GMT+10
The global Alternative Fuel Vehicle (AFV) Market is expected to reach USD 791.23 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rise of fuel-efficient vehicles and depletion in the number of oil reserves.
Traditional fuels sources, including petroleum, is said to be depleting, since these fuels are typically not renewable, due to which there is a possibility that a day would come when the demand for these fuels may be more than their supply, creating a considerable world crisis. Also, the majority of oil fields (situated in the Middle East) in the world are associated with both economic and political problems. Determining a new method or solution for finding different countries to create new fuels would reduce the unrest and conflict resulting from the world s dependence on f ....

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