Ethanol Car Market size was valued at USD 557.5 Bn. in 2022 and the total revenue is expected to grow by 7.7% from 2023 to 2029, reaching nearly USD 1009.18 Bn.
Ethanol Car Market Overview:Ethanol is a renewable fuel derived from plant materials known as "biomass." It is used to oxygenate petrol in more than 98% of the United States.E10 (10% ethanol, 90% petrol) is commonly found in petrol and helps reduce air pollution. Ethanol has one-third the energy content of petrol. As a result, vehicles will typically travel 3% to 4% fewer miles per gallon on E10 and 4% to 5% fewer miles per gallon on E15 than on 100% petrol. Ethanol is also available in the form of E85 (or flex fuel), which can be used in vehicles designed to run on any blend of petrol and ethanol up to 83%. Another blend, E15, is approved for use in light-duty vehicles. Ethanol is blended at E10 in nearly every gallon of petrol sold in the United States today. The United States ethanol manufacturer produces nominally 16 billion gallons of ethanol per year, making the country the world's largest producer, in the previous year, 1.3 billion gallons were exported in 2021. The United States Grains Council (USGC) is looking into the possibility of developing new ethanol export markets. The shift in focus from petroleum-based vehicles to alternative fuel-based vehicles such as ethanol-based vehicles, as well as governments' increased focus on ethanol-based vehicles due to concerns about greenhouse gas emissions, are expected to drive Ethanol Car Market during the forecasted period. The Global Ethanol-based Vehicle Market research offers a comprehensive analysis of the Ethanol Car Industry. The study provides an overall assessment of the current vehicles’ fleet by vehicle type, and brand as well as emission standards and other aspects of the automobile and fule markets in the target countries. the study focused on automobiles used in Japan, China, India, Mexico, South Korea, Canada, and Indonesia along with Brazil, US. The research provides a thorough analysis of major segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.To know about the Research Methodology :- Request Free Sample Report
Ethanol Car Market Dynamics:Government Initiatives Penetrate the ethanol car market Government subsidies helped technological advancements in the automobile and sugarcane sectors. The government utilised a voluntary mandate to push Brazilian automakers to build automobiles that operate entirely on ethanol. This deal, which was reached with all of Brazil's major domestic manufacturers, resulted in the construction of 250,000 ethanol-only vehicles, which will increase the demand for the ethanol car market. Acquisitions and partnerships were formed with multinational vehicle manufacturers such as Ford, Fiat, and Volkswagen increase demand for ethanol in cars. The government also employed soft loans to assist the sugarcane industry in rapidly increasing sugarcane production and developing the technological competence to clean ethanol. Ethanol output increased from 220 million litres (58.1 million gallons) in 2020 to 2.8 billion litres during the first phase of the Proálcool programme. In terms of economics, the government initiates drives the Ethanol Car Market. The Brazilian government was able to keep ethanol prices low by increasing petrol prices through its state-owned oil business, Petrobras. The ethanol pump price was fixed at 64.5 per cent of the price of petrol, and the government raised petrol taxes to compensate for the open price differences between the two fuels. Indian Government Initiatives for the Ethanol car market is Saving Rs 30,000 crore in foreign exchange per year, energy security, lower carbon emissions, better air quality, self-reliance, use of damaged foodgrains, increasing farmers' incomes, job creation, and increasing investment opportunities can all be reaped by blending 20% ethanol by 2025. To increase ethanol production capacity in the country, the government has announced the Ethanol Interest Subvention Scheme(s), which includes financial assistance in the form of interest subvention at 6% per annum or 50% of the rate of interest charged by banks/financial institutions, whichever is lower, for five years, including a one-year moratorium. Fluctuating Row material and Ethanol production prices hamper the market growth. Growing demand for ethanol in vehicles, and fluctuating raw material prices hamper the Ethanol Car Market. With the addition of E100 ethanol compatibility, the production costs of a petrol car will rise by approximately Rs. 17,000 to Rs. 25,000. It will cost the manufacturer Rs. 3,000 to Rs. 5,000 more in production to make a petrol car compatible with E20 flex fuel or 20% ethanol blend. The costs of research and development will add at least Rs. 1,000 to Rs. 2,000 to these estimates per vehicle. Thus, an E20 flex fuel car could cost Rs. 4,000 to Rs. 6,000 more than a regular petrol car. Meanwhile, an E100 car could cost up to Rs. 19,000 to Rs. 27,000. The Europen Ethanol Car Market is hampered by the price of food and feed will increase by 8% and 22% respectively this year. And this increase will likely last for a longer time because of the ongoing geopolitical and economic reaction. Primary feedstock costs, such as those for maize and sugarcane, reached record highs. Ethanol prices in the domestic market in Europe averaged 1.3 USD/litre along with the rise in demand brought on by the development of biofuels. The sectors restarted production after the Chinese government lifted the COVID-19 limitations, but because there was less downstream demand, ethanol prices remained in the lower range. Due to the unstable and expensive feedstock markets, the sellers were forced to reduce the price of their goods on the domestic market in order to clear out their stocks in preparation for the new products in the forthcoming season. In the aforementioned quarter, ethanol costs per tonne averaged roughly 7150 RMB. Prices surged in the local US market as a result of the imbalance in supply and demand dynamics. Increased demand for biofuels, rising feedstock costs, and high production costs all had a role in driving up the price of ethanol. The average price of ethanol was 0.8 USD/litre.
Ethanol Car Market Segment Analysis:Based on Fuel Type, the Ethanol Car Market is segmented into Gasoline and Diesel. Gasoline is expected to dominate the Ethanol Car Market during the forecast period. E10, E15, and E85 are the three main types of ethanol-gasoline mixtures. E10 is the petrol that contains 10% ethanol. E85 is a fuel that contains up to 85% fuel ethanol, while E15 is petrol with a 15% ethanol component. Most motor petrol marketed in the United States contains no more than 10% volume of ethanol, which is expected to increase demand for the Ethanol Car Market. In the Midwest, where the majority of ethanol production capacity is located, motor petrol with a fuel ethanol level of more than 10% is most commonly offered. Fuel ethanol concentration is typically indicated on petrol dispensing pumps. Growing demand for Flex fuel vehicles that can run on petrol, ethanol or a mixture of petrol and ethanol is expected to drive the Ethanol Car Market. These automobiles give the option of using ethanol instead of petrol as engine fuel. They can also use the battery to power the engine, lowering the number of carbon emissions it produces. Ethanol is currently far less expensive than petrol in India, opening the door for owners of flex-fuel vehicles to use the fuel to reduce their fuel costs. It will also assist India in lessening its reliance on imported petroleum, which drives the Ethanol Car Market. Based on the Blend Type, the Ethanol Car market is segmented into E10 to E25, E25 to E85, and Above E85. Above E85 held the largest market share in 2021. Growing demand for flexible fuel vehicles is high due to these manufacturers’ beginning to manufacture new cars that could use biofuel blends. The majority of gasoline sold in the US contains some ethanol. However, E85 for FFVs contains a greater concentration of ethanol. Depending on the time of year and the distributor's location, the ethanol content of E85 ranges from 51% to 85%. For instance, E85 supplied during the winter months frequently contains less ethanol to provide the vapour pressure required for starting in the chilly weather. Market Situation for E85 in 2021
Fule Regular Midgrade Super Premium E85 Octanes 87 89 93 105-108 Raw Material Crude oil Fossil Fuel Crude oil Fossil Fuel Crude oil Fossil Fuel Corn, Biomass Renewable Price in California $ 3.29 $ 3.39 $ 3.59 $ 2.09 GHG emissions Reduction Vs Gasoline E0 E10 up to 5 % Up to 5% Up to 5% Up to 35-80%
Ethanol Car Market Regional Insights:Asia Pasific is expected to dominate the Ethanol Car market during the forecast period. More than 70% of Asia-Pacific countries currently rely on fossil fuel imports to power their vehicles. The cost of crude oil and its refinement significantly increases the cost of fuel to the consumer. With emerging markets such as India and China, the Asia-Pacific region is expected to grow rapidly. In India, for example, the MoRTH (Ministry of Road Transport and Highways) has set various deadlines to introduce ethanol-based fuel in the country in order to reduce the consumption of fossil fuels and reduce fuel costs. Furthermore, India accounts for 2% of global flex-fuel production, which is insufficient to meet the country's needs. As a result, domestic ethanol production is expected to increase from 70 to 150 million litres during the forcast period. The transport ministry aims to phase in the use of ethanol-based fuel. E10 production is expected to begin in April 2022, followed by E20 production in 2025. Several vehicle manufacturers in the country have also been notified to dramatically increase research to run vehicles on E10 starting in April 2023 and E20 starting in April 2025.
Ethanol Car Market Scope: Inquiry Before Buying
Ethanol Car Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: USD 557.5 Bn Forecast Period 2023 to 2029 CAGR: 7.7 % Market Size in 2029: USD 1009.18 Bn Segments Covered: by Fule Type 1. Gasoline 2. Diesel by Vehicle Class 1. Hatchback 2. Sedan 3. SUV 4. Other by Blend Type 1. E10 to E25 2. E25 to E85 3. Above E85 by Drive Type 1. Front Wheel Drive 2.Rear Wheel Drive 3. All Wheel Drive
Ethanol Car Market by RegionNorth America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)
Ethanol Car Market Key Players1. Audi 2. Chrysler 3. Isuzu 4. Jaguar 5. John Deere 6. Mercedes 7. AB Volvo 8. BMW AG 9. Daimler AG 10. Deere & Company 11. Ford Motor Company 12. General Motors Company 13. Honda Motor Co., Ltd. 14. Mitsubishi Motors Corporation 15. Nissan Motor Corporation 16. Scania 17. Toyota Motor Corporation 18. Volkswagen AG. 19. Hero MotoCoro 20. Bajaj 21. Yamaha 22. TVS 23. Maruti Suzuki. Frequently Asked Questions: 1] What segments are covered in the Global Ethanol Car Market report? Ans. The segments covered in the Ethanol Car Market report are based on Type, Price Point, Distribution Channel, and Region. 2] Which region is expected to hold the highest share in the Global Ethanol Car Market? Ans. The Asia Pacific region is expected to hold the highest share of the Ethanol Car Market. 3] What is the market size of the Global Ethanol Car Market by 2029? Ans. The market size of the Ethanol Car Market by 2029 is expected to reach US$ 1009.18 Bn. 4] What is the forecast period for the Global Ethanol Car Market? Ans. The forecast period for the Ethanol Car Market is 2022-2029. 5] What was the market size of the GlobalEthanol Car Market in 2021? Ans. The market size of the Ethanol Car Market in 2022 was valued at US$ 557.5 Bn.
1. Global Ethanol Car Market: Research Methodology 2. Global Ethanol Car Market: Executive Summary 3. Global Ethanol Car Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Global Market Key Player Ranking Analysis 3.5. Market Structure 3.5.1. Market Leaders 3.5.2. Market Followers 3.5.3. Emerging Players 3.6. Consolidation of the Market 4. Global Ethanol Car Market: Dynamics 4.1. Market Trends by Region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 4.2. Market Drivers by Region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 4.10. COVID-19 Impact on the Market 5. Global Ethanol Car Market Segmentation (by Value and Volume) 5.1. Global Ethanol Car Market, by Fuel Type (2021-2029) • Gasoline • Diesel 5.2. Global Ethanol Car Market, by Vehicle Class (2021-2029) • Hatchback • Sedan • SUV • Other 5.3. Global Ethanol Car Market, by Blend Type (2021-2029) • E10 to E25 • E25 to E85 • Above E8 5.4. Global Ethanol Car Market, by Drive Type (2021-2029) • Front Wheel Drive • Rear Wheel Drive • All Wheel Drive 5.5. Global Ethanol Car Market, by region (2021-2029) • North America • Europe • Asia Pacific • Middle East & Africa • South America 6. North America Ethanol Car Market Segmentation (by Value and Volume) 6.1. North America Ethanol Car Market, by Fuel Type (2021-2029) • Gasoline • Diesel 6.2. North America Ethanol Car Market, by Vehicle Class (2021-2029) • Hatchback • Sedan • SUV • Other 6.3. North America Ethanol Car Market, by Blend Type (2021-2029) • E10 to E25 • E25 to E85 • Above E85 6.4. North America Ethanol Car Market, by Drive Type (2021-2029) • Front Wheel Drive • Rear Wheel Drive • All Wheel Drive 6.5. North America Ethanol Car Market, by Country (2021-2029) • United States • Canada • Mexico 7. Europe Ethanol Car Market Segmentation (by Value and Volume) 7.1. Europe Ethanol Car Market, by Fuel Type (2021-2029) 7.2. Europe Ethanol Car Market, by Vehicle Class (2021-2029) 7.3. Europe Ethanol Car Market, by Blend Type (2021-2029) 7.4. Europe Ethanol Car Market, by Drive Type (2021-2029) 7.5. Europe Ethanol Car Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 8. Asia Pacific Ethanol Car Market (2021-2029) 8.1. Asia Pacific Ethanol Car Market, by Fuel Type (2021-2029) 8.2. Asia Pacific Ethanol Car Market, by Vehicle Class (2021-2029) 8.3. Asia Pacific Ethanol Car Market, by Blend Type (2021-2029) 8.4. Asia Pacific Ethanol Car Market, by Drive Type (2021-2029) 8.5. Asia Pacific Ethanol Car Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC 9. Middle East and Africa Ethanol Car Market Segmentation (by Value and Volume) 9.1. Middle East and Africa Ethanol Car Market, by Fuel Type (2021-2029) 9.2. Middle East and Africa Ethanol Car Market, by Vehicle Class (2021-2029) 9.3. Middle East and Africa Ethanol Car Market, by Blend Type (2021-2029) 9.4. Middle East and Africa Ethanol Car Market, by Drive Type (2021-2029) 9.5. Middle East and Africa Ethanol Car Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 10. South America Ethanol Car Market Segmentation (by Value and Volume) 10.1. South America Ethanol Car Market, by Fuel Type (2021-2029) 10.2. South America Ethanol Car Market, by Vehicle Class (2021-2029) 10.3. South America Ethanol Car Market, by Blend Type (2021-2029) 10.4. South America Ethanol Car Market, by Drive Type (2021-2029) 10.5. South America Ethanol Car Market, by Country (2021-2029) • Brazil • Argentina • Rest of South America 11. Company Profile: Key players 11.1. Audi 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 11.2. Chrysler 11.3. Isuzu 11.4. Jaguar 11.5. John Deere 11.6. Mercedes 11.7. AB Volvo 11.8. BMW AG 11.9. Daimler AG 11.10. Deere & Company 11.11. Ford Motor Company 11.12. General Motors Company 11.13. Honda Motor Co., Ltd. 11.14. Mitsubishi Motors Corporation 11.15. Nissan Motor Corporation 11.16. Scania 11.17. Toyota Motor Corporation 11.18. Volkswagen AG. 11.19. Hero MotoCoro 11.20. Bajaj 11.21. Yamaha 11.22. TVS 11.23. Maruti Suzuki 12. Key Findings 13. Industry Recommendation