Alternative fuels get even more innovative, triggered by soaring gas prices
Implications - The coeval awareness for the environment and rising fuel costs have primed drivers for alternative fuels. Consumers don’t want to give up their lifestyles, nor do they want to contribute to global warming. Biodiesel and ethanol aside, fuel can be made from human fat, methane, even algae.
Trend Themes
1. Biofuel Innovation - There is an ongoing trend of coming up with innovative biofuels such as producing fuel from grapes or human fat
2. Alternative Fuel Sources - The rise in fuel costs, coupled with a greater awareness for the need to protect the environment is leading to an increased interest in alternative fuel sources.
3. Cost-efficient Eco-friendly Products - Consumers are increasingly interested in purchasing eco-friendly products but are put off by the initial high cost. There is a trend towards creating cheaper, environmentally-friendly products, such as making ethanol from biomass.
Industry Implications
1. Energy Industry - The energy industry is ripe for innovation as the world increasingly demands environmentally-friendly and cost-effective energy sources.
2. Automotive Industry - The automotive industry is also disrupted with trends such as the increased interest in alternative fuel sources and the development of more eco-friendly vehicles.
3. Environmental Industry - The environmental industry is a growing sector with the increasing demand for sustainable and carbon-neutral solutions in various sectors from energy production to transportation.
7 Featured, 3 Examples:
55,294 Total Clicks
Date Range:
Nov 07 — Sep 08
Trending:
Warm
Consumer Insight Topics:
