- In February 2025, Toyota Motor Corporation unveiled its next-generation bZ4X electric SUV, featuring enhanced battery efficiency and an extended range exceeding 500 km. This advanced Battery Electric Vehicle (BEV) integrates cutting-edge lithium-ion battery technology and improved regenerative braking, optimizing energy efficiency and reducing charging times. Targeting the rising demand for sustainable and high-performance EVs, particularly in Europe and Asia-Pacific, the bZ4X aligns with stringent environmental regulations. By expanding its BEV lineup, Toyota reinforces its competitive stance in the global low-emission vehicle market, appealing to eco-conscious consumers and fleet operators
- In January 2025, BYD Company Ltd. launched the Han EV Pro model in the Asia-Pacific region, equipped with an advanced blade battery for enhanced safety and a driving range of up to 600 km. This electric vehicle supports fast-charging, reaching 80% capacity in under 30 minutes, and integrates vehicle-to-grid (V2G) technology for efficient energy management. Targeting growing demand in China and India, where urbanization and government incentives accelerate EV adoption, the Han EV Pro strengthens BYD’s leadership in the low-emission vehicle market
- In December 2024, General Motors acquired a minority stake in VoltCycle, a U.S.-based battery recycling startup, to enhance its electric vehicle battery supply chain. This strategic investment strengthens GM’s ability to recycle and repurpose lithium-ion batteries, reducing reliance on raw materials and lowering production costs. The acquisition supports GM’s Ultium battery platform, aiding the rollout of models such as the Chevrolet Equinox EV. By integrating sustainable practices, GM aims to expand its presence in the North American low-emission vehicle market while aligning with circular economy principles
- In September 2024, Hyundai Motor Company secured a controlling stake in SolidEnergy Systems, a South Korean solid-state battery startup, to advance next-generation battery technology for its electric vehicle lineup. This acquisition supports Hyundai’s integration of solid-state batteries into models such as the Ioniq 7, set for release in 2026, delivering higher energy density, improved safety, and extended lifespan compared to conventional lithium-ion batteries. The move reinforces Hyundai’s leadership in the Asia-Pacific low-emission vehicle market, leveraging the region’s rapid adoption of advanced EV technologies
- In August 2024, Rivian Automotive, Inc. introduced the R2 compact electric SUV in the U.S., focusing on affordability with a starting price of under $40,000 and a range of approximately 450 km. This model integrates sustainable materials, including recycled plastics in its interior, and features bidirectional charging for home energy backup. Designed for cost-conscious consumers and urban drivers, the R2 strengthens Rivian’s presence in the North American low-emission vehicle market. By expanding its portfolio with accessible EV models, Rivian aims to secure a larger share of the competitive U.S. market
Frequently Asked Questions
The market is segmented based on , By Battery Type (Nickel Metal Hydride, Metal Hydride Batteries, Lithium Ion Batteries, Nickel-Cadmium Batteries, and Lead Acid Batteries), Degree of Hybridization (Full Hybrid Electric Vehicle (FHEV), Mild Hybrid Electric Vehicle (MHEV), Pure Electric Vehicle (EV or BEV), and Plug-In Hybrid Electric Vehicle (PHEV)), Vehicle Type (Pure Electric, Hybrid Electric, and Others), Application (Personal and Commercial) - Industry Trends and Forecast to 2032.
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The Global Low Emission Vehicles Market size was valued at USD 208.52 USD Billion in 2024.
The Global Low Emission Vehicles Market is projected to grow at a CAGR of 16.1% during the forecast period of 2025 to 2032.
The major players operating in the market include Tesla, Toyota Kirloskar Motor, Ford Motor Company, Mitsubishi Motors Corporation, Hyundai Motor Company.
The market report covers data from the North America.
