This industry is one of the largest sectors in the transportation industry w.r.t. revenue activities that involve the design, engineering, development, manufacturing, distribution, sales & marketing, and maintenance of automobiles.
1. Automotive and Parts Market
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This industry is one of the largest sectors in the
transportation industry w.r.t. revenue activities that
involve the design, engineering.
3. Description
Automobiles can be categorized based on fuel which
includes gasoline, diesel, hybrid or alternative fuel
like ethanol and electrical & motor-heat engine
drives. Electric vehicles (EVs) or electric cars have
certain advantages over ICE (or internal combustion
engine) automobiles which include: no air pollution,
lower energy costs, reduced emissions, etc.
However, these electric vehicles are comparatively
more expensive than the traditional vehicles due to
the added costs of a high-capacity battery. HEV or
hybrid electric vehicles combine ICE with electric
propulsion system for a better fuel economy.
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