Press Release Body
The global automotive alternative fuel vehicle (AFV) market is witnessing rapid momentum, with its value expected to rise from USD 0.58 trillion in 2025 to USD 1.44 trillion by 2030, according to a new report by Mordor Intelligence. This strong growth is supported by a projected compound annual growth rate (CAGR) of 19.83% over the forecast period.
Alternative fuel vehicles, ranging from electric vehicles (EVs) and hybrids to hydrogen-powered and natural gas vehicles, are at the forefront of the global push for cleaner mobility solutions. The market is being reshaped by a combination of government policies, environmental regulations, and increased consumer demand for sustainable transport.
Explore Our Full Library of Automotive Research Industry Reports –
https://www.mordorintelligence.com/industry-reports/automotive-alternative-fuel-vehicle-market?utm_source=prfree
Key drivers of this transformation include:
• Stringent emission norms across major economies.
• Subsidies and incentives promoting EV and AFV adoption.
• Technological innovations in battery systems and alternative drivetrains.
• Rising fuel prices, making traditional combustion vehicles less attractive.
Asia-Pacific continues to dominate the market, with countries like China, India, Japan, and South Korea investing in EV infrastructure, hydrogen fuel networks, and localized vehicle manufacturing.
The Mordor Intelligence report also highlights the increasing interest from fleet operators, automakers, and investors, positioning the AFV segment as a core area of innovation in the automotive sector.
As the demand for low-emission transport surges, the AFV market is expected to see further diversification, partnerships, and advancements, driving value across passenger and commercial segments alike.
About Mordor Intelligence:
Mordor Intelligence is a global market research and advisory firm that provides in-depth reports and analysis across a wide range of industries, including automotive, energy, healthcare, technology, and more. With a focus on accuracy, transparency, and actionable insights, Mordor Intelligence empowers businesses and decision-makers to stay ahead of market trends and make strategic, data-driven decisions. The firm is known for its comprehensive research methodologies, expert analysts, and real-time market tracking, serving clients ranging from startups to Fortune 500 companies worldwide.
Industry Related Reports:
Food Truck Industry Trends

Automotive brake system market share

Aircraft arresting system market size

Contact information:
E-mail: [email protected]
Website : https://www.mordorintelligence.com/