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)

Global Flexfuel Cars Market Regional Insights

North America is expected to be the largest market for flexfuel cars during the forecast period, accounting for over 38% of the market share in 2022. The growth of the market in North America is attributed to supportive government policies, well-established ethanol production, and automaker initiatives to develop FFV (Flexible fuel vehicles) models.
Europe is expected to be the second-largest market for flexfuel cars, accounting for over 22% of the market share in 2022. The growth of the market in Europe is attributed to the rising adoption of ethanol blends and focus on reducing vehicular emissions.
Asia Pacific is expected to be the fastest-growing market for flexfuel cars, growing with a CAGR of over 30% during the forecast period. The growth of the market in Asia Pacific is attributed to growing vehicle sales, supportive biofuel mandates, and investments in ethanol production capacity.

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, South Africa, Rest of Middle East