Major companies operating in the alternative fuel vehicles (AFV) industry are:
Toyota and BYD are the prominent companies in the market. Toyota's extensive experience in hybrid technology, like the Prius, and commitment to hydrogen fuel cell vehicles. Meanwhile, BYD's expertise in electric vehicle technology, battery innovation, and strong government support in China has propelled its prominence. Both companies' unique strategies and technological advancements contribute significantly to their strong presence in the AVF market.