Brazil Alternative Fuel Vehicles Market Size
| Icons | Lable | Value |
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Study Period | 2016 - 2029 |
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Market Size (2024) | USD 585 |
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Market Size (2029) | USD 931 |
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Largest Share by Vehicle Type | Commercial Vehicles |
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CAGR (2024 - 2029) | 9.74 % |
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Fastest Growing by Vehicle Type | Commercial Vehicles |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Brazil Alternative Fuel Vehicles Market Analysis
The Brazil Alternative Fuel Vehicles Market size is estimated at USD 585 in 2024, and is expected to reach USD 931 by 2029, growing at a CAGR of 9.74% during the forecast period (2024-2029).
- Largest Segment by Vehicle Type - Commercial Vehicles : Growth in fossil fuel prices and government subsidies had an impact on the increase in sales of electric and hybrid cars in Brazil, making passenger vehicles the largets segment over other vehicles.
- Fastest-growing Segment by Vehicle Type - Light Commercial Vans : Brazil is a potential market in South America, and governmental efforts in terms of rebates and subsidies are promoting electric transportation, further increasing the electric buses in Brazil.
- Largest Segment by Fuel Type - BEV : In 2021, around 2,132 units of PHEV units were sold in Brazil. The increase in sales was due to the rise of fossil fuel prices, leading OEMs to move toward alternatives such as PHEVs.
Brazil Alternative Fuel Vehicles Market Trends
This section covers the major market trends shaping the Brazil Alternative Fuel Vehicles Market according to our research experts:
Commercial Vehicles is the largest segment by Vehicle Type.
Understand The Key Trends Shaping This Market
Brazil Alternative Fuel Vehicles Industry Overview
The Brazil Alternative Fuel Vehicles Market is fairly consolidated, with the top five companies occupying 76.60%. The major players in this market are Hyundai Motor Company, Nissan Motor Company Ltd, Renault, Toyota Motor Co. and Volkswagen AG (sorted alphabetically).
Brazil Alternative Fuel Vehicles Market Leaders
Hyundai Motor Company
Nissan Motor Company Ltd
Renault
Toyota Motor Co.
Volkswagen AG
*Disclaimer: Major Players sorted in no particular order
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Brazil Alternative Fuel Vehicles Market News
- August 2022: General Motors Middle East (GM MEO), announced the signing of a Memorandum of Understanding (MoU) with Al Wegdaniya Transport to explore electric vehicle (EV) leasing opportunities. The MoU reinforces the mutual commitment to bring electrification to all modes of transport.
- July 2022: Ford has announced a series of initiatives for sourcing battery capacity and raw materials that helps reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026.
- May 2022: Hyundai has launched a new fully electric SUV Ioniq 5 in the UAE market. The company has unveiled the product in the Abudhabi national exhibition center.
Brazil Alternative Fuel Vehicles Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
3.1. Study Assumptions & Market Definition
3.2. Scope of the Study
3.3. Research Methodology
4. KEY INDUSTRY TRENDS
4.1. Population
4.2. GDP
4.3. CVP
4.4. Inflation Rate
4.5. Interest Rate For Auto Loans
4.6. Battery Price (per Kwh)
4.7. Electrification Impact
4.8. New XEV Models Announced
4.9. Charging Stations Deployment
4.10. Regulatory Framework
4.11. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. Vehicle Type
5.1.1. Commercial Vehicles
5.2. Fuel Type
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. BMW AG
6.4.2. BMW AG
6.4.3. BYD Motors Inc.
6.4.4. Fiat
6.4.5. Ford Motor Company
6.4.6. General Motors
6.4.7. Honda Motor Co. Ltd.
6.4.8. Hyundai Motor Company
6.4.9. Kia
6.4.10. Nissan Motor Company Ltd
6.4.11. Renault
6.4.12. Toyota Motor Co.
6.4.13. Volkswagen AG
7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
8. APPENDIX
8.1. Global Overview
8.1.1. Overview
8.1.2. Porter's Five Forces Framework
8.1.3. Global Value Chain Analysis
8.1.4. Market Dynamics (DROs)
8.2. Sources & References
8.3. List of Tables & Figures
8.4. Primary Insights
8.5. Data Pack
8.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
- Figure 2:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
- Figure 3:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
- Figure 4:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 5:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 6:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
- Figure 7:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
- Figure 8:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
- Figure 9:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
- Figure 10:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
- Figure 11:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, VALUE IN USD, 2016 – 2026
- Figure 12:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, BY VEHICLE TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 13:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, BY VEHICLE TYPE, BY VALUE IN USD, 2016-2028
- Figure 14:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028
- Figure 15:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028
- Figure 16:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 17:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
- Figure 18:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
- Figure 19:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
- Figure 20:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
- Figure 21:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
- Figure 22:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
- Figure 23:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
- Figure 24:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 25:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 26:
- BRAZIL ALTERNATIVE FUEL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Brazil Alternative Fuel Vehicles Industry Segmentation
Commercial Vehicles are covered as segments by Vehicle Type. are covered as segments by Fuel Type.| Vehicle Type | |
| Commercial Vehicles |
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Market Definition
- Body Type - It includes passenger cars, buses, light commercial vehicles, medium& heavy-duty vehicles, medium and heavy-duty buses, trucks, M&HDT.
- Engine Type - Hybrid and electric vehicles are vehicles that run on batteries and use one or more electric motors for propulsion. .
- Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV.
- Sub Body Type - Under this category, buses, heavy-duty commercial trucks, light commercial pickup trucks, light commercial vans, and medium-duty commercial trucks have been included.
- Vehicle Type - It includes passenger vehicles, commercial vehicles, and two wheelers.
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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