Global automotive industry is experiencing a growing interest for environmental friendly green vehicles using alternative energy sources. Rapid deterioration of environment due to high carbon emission from automobiles running on fossil fuels is driving adoption and development of green vehicles.
A green vehicle is powered by advanced vehicle technologies and alternative fuels. The major types of electric vehicles available in the market include battery-powered electric vehicle (BEV), plug-in electric vehicle (PEV), plug-in hybrid electric vehicle (PHEV), fuel-cell powered vehicle (FCV), hybrid electric vehicle (HEV) and compressed-air vehicle (CV). Battery-powered electric vehicle uses rechargeable batteries, typically lithium-ion, whereas FCV uses a fuel cell with battery to power its electric motor. HEV employs both internal combustion engine (ICE) and electric propulsion system to achieve better performance with improved fuel economy. Additionally, CV is powered by air engine using compressed air as fuel.
Presently, industry is focusing on development of green vehicles especially BEVs and HEVs; however, limited availability of proper infrastructure, especially accessibility to charging stations remain the major challenge. To address this, industry has been installing electric vehicle charging stations (also known as Electric vehicle supply equipment or EVSE) at centralized points to charge the vehicle safely. EVSE encourages public accessible charging solutions through public-private partnerships (PPP) or direct investments and is already adopted by urban regions across European Union.
Another charging solution emerging in the industry called vehicle-to-grid (V2G) systems. A V2G system enables power flow from electric grid to electric vehicle. It offers demand response service to communicate with power grid to enhance efficiency of system at times of heavy loads. It also enables EVs to operate as distributed storage devices. This is expected to reduce cost of electric system along with providing benefits such as peak load management, spinning reserves, regulation services and demand response.
ASDReport.com has an extensive collection of reports on green vehicles market. The reports cover topics and technologies related to the green vehicles market like, electric-traction motor technologies, vehicle charging stations, commercial natural gas vehicles, electric vehicle infrastructure, smart transformer and much more.