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 September 23, 2015 - 7:04 AM EDT
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Research and Markets: EPA Guidelines Spurring Growth in the Low Emission Vehicles Market in the US

Research and Markets ( has announced the addition of the "Low Emission Vehicle Market in the US 2015-2019" report to their offering.

The US is one of the largest oil importers in the world. About one-third of the oil consumed in the country is imported and costs $192 billion annually. The increased domestic oil production capacity from shale formations and improved and stringent corporate average fuel economy standards have assisted the country in reducing its dependency on oil imports. The growing demand for EVs offers the country an excellent opportunity to reduce its oil consumption; it also helps consumers reduce their fuel costs. Powering an EV is cheaper compared to fueling conventional vehicles. It costs about two to three cents to drive one mile in an EV compared to 15 cents in conventional vehicles. The use of EVs will also help the US save 9.08 million barrels of crude oil per day and 0.778 million barrels of refined petroleum products per day. Also, it will help save approximately $1 billion daily on refined petroleum imports.

According to the report, the low emission vehicles market in the US is to grow at a CAGR of 5.13% during 2014-2019. The transportation sector utilizes two-thirds of the oil consumed in the US, of which 93% is petroleum based. Thus, to reduce the use of conventional fuels, many states in the US are encouraging the use of alternate fuels such as electricity, natural gas, biofuels, and hydrogen. They also provide incentives to users of vehicles that run on alternative fuels, especially EV users, to promote the adoption of such vehicles among consumers.

Further, the report states that customers prefer conventional vehicles because of the limitations associated with the use of EVs.

Key Topics Covered

  1. Executive summary
  2. Scope of the report
  3. Market research methodology
  4. Introduction
  5. Market landscape
  6. Market segmentation by Vehicle Type
  7. Market segmentation by technology
  8. Market drivers
  9. Impact of drivers
  10. Market challenges
  11. Impact of drivers and challenges
  12. Market trends
  13. Vendor landscape
  14. Key vendor analysis
  15. Appendix
  16. Explore the author

Companies Mentioned

  • BMW
  • BYD Auto
  • Ford Motors
  • General Motors
  • Honda Motors
  • Nissan Motors
  • Tesla Motors
  • Toyota Motors
  • Volkswagen

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Fax (outside U.S.): +353-1-481-1716
Sector: Automotive

Source: Business Wire (September 23, 2015 - 7:04 AM EDT)

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