Automotive Biofuels Market Size, Share And Forecasts To 2022: Grand View Research, Inc

Global automotive biofuels market has been witnessing strong growth over the past few years on account of its increasing application in flex-fuel vehicles and the trend is expected to continue over the forecast period. Flex-fuel vehicles allow end-users to choose their customized biofuel-fossil fuel blend which is expected to support automotive biofuels market growth over the next seven years. Stringent government regulations favoring use of high percentage biofuel blend is expected to spur the demand for bioethanol, which in turn is expected to augment automotive biofuels market growth over the projected period. Moreover, rising fossil fuel prices coupled with increasing air pollution associated with fossil fuels is further expected to complement the market growth over the forecast period. Increasing sales of end-users including commercial and passenger vehicles is further expected to drive the market growth.
http://www.grandviewresearch.com/industry-analysis/automotive-biofuels-market