A dual-fuel vehicle or flexible-fuel vehicle also known as flex-fuel vehicle is a category of a vehicle running on alternate fuel, that has an internal combustion engine which is designed to function on more than two kinds of fuel, generally gasoline mixed with either methanol or ethanol fuel, and both of the fuels are kept in a common tank. Nowadays modern flex-fuel vehicle engines are capable of burning any percentage of the resulting mixture of gasoline with ethanol or methanol in the combustion chamber and spark timing and fuel injection are adjusted spontaneously according to the authentic blend of both fuels detected by an added fuel mixture composition sensor. Flex-fuel vehicles have notable difference from bi-fuel vehicles, where two different kind of fuels are stored two separate tanks and the engine only operates on one fuel at a time.
Flex fuel vehicle are fitted out with reformed components designed specifically to be companionable with ethanol’s chemical properties. These alterations ensure seamless operation and a long advantageous life across a wide range of ethanol blends
Ethanol also known as ethyl alcohol, is a clean-burning, high-octane motorized fuel that is created from crops such as corn barley or wheat. Sugar beets, sugarcane or sweet potatoes can also be used. Just because it is natively produced, ethanol helps reduce our reliance upon foreign oil. As of January 2007 the government of Ontario has authorized that all gasoline sold in the province must have an average of 55 percent ethanol. It does not require a special vehicle to run on ethanol. All vehicles produced since 1980 are ethanol vehicles said to be capable of using up to ten percent ethanol with no alterations to the engine. Because pure ethanol has an octane rating of hundred and thirteen, adding ten percent ethanol to gasoline raises the finished fuel's octane rating by two to three points. E85 diminishes harmful hydrocarbon and greenhouse gas emissions and is the highest performance fuel one can purchase with its octane rating of at least hundred and five without the use of Methyl Tert-Butyl Ether (MBTE) which is being phased out because of ground water contamination
Special features permitting vehicles to run on E85 fuel can add a negligible cost to their purchase price. Because they have a firm performance history, manufacturers deliver standard warranties for flex fuel vehicles equivalent to a normal gasoline vehicles at no added charge.
The major driver influencing the flex fuel vehicle market are depleting natural sources of gasoline along with rising vehicle emission norms.
The market can be segmented into two broad categories. By vehicle type and by fuel type. By vehicle type, the flex fuel vehicles market can further be segmented into heavy commercial vehicle (HCV), light commercial vehicle (LCV), passenger vehicle (PV), sports utility vehicle (SUV) and luxury vehicles. By fuel type, the flex fuel vehicles market, have been further bifurcated into gasoline flex fuel and diesel flex fuel. Additionally the global flex fuel vehicles market has been further divided into five regions; they are North America, Asia Pacific, Latin America, Middle East and Africa and Europe.
North America was the market leader in the flex fuel vehicle market in 2015 followed by Asia Pacific and Europe. The Asia Pacific region is expected to grow at the highest rate. This growth of the market in Asia Pacific can be credited to increased production of luxury and high end vehicles along with increasing demand for alternate fuel vehicle, which has empowered vehicle manufacturers to invest heavily in flex fuel engine technology.
The major players in this industry are Ford Motor Company (U.S.), Volkswagen (Germany), General Motors Company (U.S.), Honda Motor Co. Ltd. (Japan), Nissan Motor Co. Ltd. (Japan), Toyota Motor Corporation (Japan), and AUDI (Germany) among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.