Automotive industry players are proactively working towards mass-commercializing alternative fuel for passenger cars. What’s the aim? A substantial decline in CO2 emissions and an overall CO2 contribution of 2.4% by 2030. In addition to passenger and light-duty vehicles, the value chain has its eyes on heavy trucks. In fact, this segment is the second-largest contributor to GHG emissions.
Amid the pronounced climate crisis, stringent policies can help reduce the industry’s reliance on conventional fuel. Moreover, this can push the sector to bank on effective and efficient alternative fuel technologies for heavy trucks. Alternative fuels such as electricity, bio-fuel, and natural gas can make road transportation sustainable.
In this report, we bring to you a sustainable development scenario in the transportation sector with a focus on heavy trucks. Gain actionable insights into why the choice of alternative fuels will be crucial for industry stakeholders. Also, learn how it will lead to a reorganization of the automotive ecosystem. Our analysis includes:
Eventually, emerging supply-side and demand-side players will drive alternative fuel innovation for heavy trucks. Is your company prepared to navigate innovative transformation on a global scale? Download this report to strategize your next move.