GLOBAL FLEXFUEL CARS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Flexfuel Cars Market, By Fuel Type (E85, M85, E95, M100, ED95, E100, Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Others), By Engine Capacity (<1.2L, 1.2L to 1.5L, 1.5L to 2L, 2L to 3L, >3L), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

In August 29, 2023, Toyota Motor, an automobile manufacturer unveiled the world's first fully ethanol-powered car equipped with a flexfuel engine. This model, based on the MPV Innova HyCross of Toyota
In April 07, 2023, Volkswagen, German automobile manufacturer announced that it is launching a major product offensive in South America, targeting a 40% growth in Brazil by 2027. It plans to introduce 15 new electric and flexfuel vehicle models by 2025 and hybrid vehicles in the near future.
In June 05, 2023, Maruti Suzuki, an Indian subsidiary of Japanese automaker Suzuki Motor Corporationshowcased a prototype of the Wagon R flexfuel at the Auto Expo 2023

Acquisition and partnerships

In March 2022, Geely, a leading automobile manufacturer based in Hangzhou, China and Renault, an automobile company formed a joint venture to produce hybrid vehicles, including FFV models, for the Chinese market. This JV will allow both automakers to meet China's green vehicle mandates.
In May 2020, Mercedes-Benz a German luxury and commercial vehicle automotive company announced a partnership with Geely to develop next-gen hybrid powertrains, including flexfuel options. This will help Mercedes expand its electrified and FFV lineup.