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The Zero Emission Vehicle (ZEV) market is a subset of the automotive industry that focuses on vehicles that produce no emissions. ZEVs are powered by electricity, hydrogen, or other alternative fuels, and are becoming increasingly popular due to their environmental benefits. ZEVs are typically more expensive than traditional vehicles, but they offer lower running costs and are often eligible for government incentives. ZEVs are also becoming more widely available, with many automakers now offering electric and hybrid models.
The ZEV market is expected to continue to grow in the coming years, as more automakers invest in the technology and governments introduce more incentives. This growth is likely to be driven by increasing consumer demand for more sustainable vehicles, as well as the need to reduce emissions in order to meet global climate goals.
Some companies in the ZEV market include Tesla, Nissan, Volkswagen, BMW, and Ford. Show Less Read more