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Hybrid Cars Market - Series Parallel Hybrids Cars Market Dominates in Terms of Demand

12-11-2018 09:28 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Hybrid Cars Market - Series Parallel Hybrids Cars Market

Alarming increase in level of air pollution has raised awareness among the consumers for environmental friendly product which are carbon free. Also, increasing awareness about the environmental friendly vehicles is likely to influence the demand of the global hybrid cars market in coming years.

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On the other hand, the government are encouraging the use of the hybrid car in order to minimize the pollution through providing stringent emission standards for the car and also provides several incentives to the buys to support the growth. Highly expensive price of the car and easy availability of the hybrid car is another factor propelling the growth of this market in near future.

Strict implementation of policy is one of the important aspect driving growth. Also, high cost involved in the production of the hybrid car is one the key challenge faced by the manufactures operating in the hybrid car market. Imposing stringent rule and regulation for setting the standard of the emission is likely to exhibits lucrative opportunities for the key players.

The manufacturers are highly focused toward the research and development activities to enhance the technology capability in this market. Increasing government initiative toward installation of the electric charging station is another factor boosting the growth of the market in coming years.

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The global hybrid car market is categorized into plug-in hybrid, series parallel hybrid cars, and the series hybrid. Of these segment, demand of the series parallel hybrid dominates the market in terms of demand. The overall scenario of this market likely to remain same over the coming years.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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