Two factors that have been manipulating automobile industries and scientific communities for the study of alternative fuel/energy sources and its uses for the automobiles are depletion of oil resources and various other environmental factors. In these circumstances, some of the alternative fuel sources will have major benefits fitting into our world of automobile at present time due to their very different characteristic traits but some will also have a lot of challenging disadvantages again due to their distinct character traits. The main issue raised at the present moment is the making of the perfect choice of the alternative fuel in terms of present conditions. For the proper demarcation and determination of the perfect alternative fuel, it is essential to know the characteristics of the energy types along with their advantages and disadvantages. In this paper, a qualitative analysis of the very distinct available alternative fuels is available which are best suited for the current scenario of India (every fact and figure and demonstrations are made keeping in mind of the factor concerning the stakes and factors working in India).