Teaser image of upcoming Mission Motors superbike.

60HP Kymco range extender generator for BMW i3

Optimal Energy Joule electric car was developed in Cape Town, but failed to attract investors.

Volkswagen XL1 is expected to sell in limited numbers for between $40-67,000.

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27-May-2012

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Low Emission Vehicle Market to be Worth $103 Billion by 2017

Full hybrid electric vehicles are expected to remain as market leaders during the forecasted period.

DALLAS, TX – According to a new market research report “Low (Zero) Emission Vehicle Market (2012 – 2017) – By Degree of Hybridization & Type of Traction Battery Used – Global Forecast, Trends & Analysis” published by MarketsandMarkets, the global low emission vehicle market was valued $21.13 billion in 2011 and is expected to grow from $27.45 billion in 2012 to $103.13 billion by 2017 at an estimated CAGR of 30.3% from 2012 to 2017. 826.8 thousand low emission vehicle were shipped on a global level for 2011 and the number is expected to reach 3532.1 thousand units by 2017, at an estimated CAGR of 27.8% from 2012 to 2017.

Various low emission vehicle types are Mild Hybrid Electric Vehicle (MHEV), Full Hybrid Electric Vehicle (FHEV), Plug-in Hybrid Electric Vehicle (PHEV), and Pure Electric Vehicle (EV or BEV).

A hybrid electric vehicle (HEV) is a type of hybrid vehicle and electric vehicle that combines a conventional internal combustion engine (ICE) propulsion system with an electric propulsion system. The presence of the electric powertrain is intended to achieve either better fuel economy than a conventional vehicle, or better performance.

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