Plug-in Hybrid Electric Vehicles Market, Impact of COVID-19, By Vehicle Class, Companies, Forecast by 2030 - Renub Research
As per this research report, Plug-in Hybrid Electric Vehicles Industry is expected to grow with a double-digit CAGR of 19.22% duri
Furthermore, Plug-in hybrid electric vehicles possess the potential of reducing greenhouse gas emissions, with increased fuel efficiency and longer driving ranges, which are not limited by the capacity of the battery. Over the next decade, PHEVs are offered relatively lower lifecycle costs than hydrogen fuel-cell and internal combustion (IC) vehicles. This intimates a transformational growth for the global plug-in hybrid electric vehicles market. According to Renub Research, Plug-in Hybrid Electric Vehicles Market will reach 10.21 Million Units by 2030.
Based on Vehicle Class
Plug-in Hybrid Electric Vehicles (PHEVs) have been segmented into Mid-Price and Luxury cars. There is a massive demand for the mild hybrid electric vehicle due to its price compromise between small and large cars, and it is one of the most sought-after cars, after small SUVs. This is due to their price affordability, compactness, and ease-of-use and family friendliness. As per this research report, Plug-in Hybrid Electric Vehicles Industry is expected to grow with a double-digit CAGR of 19.22% during 2020-2030.
Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=plug-in-hybrid-electric-vehicles-market-p.php
Regional Analysis - Car Type
SUVs are the fastest-growing market segment in Europe and China and are the largest market in the United States. SUVs command higher prices and offer larger profit margins than smaller vehicles. This means OEMs (Original Equipment Manufacturers) find it simpler to bear the additional costs of electrification for SUVs because the powertrain accounts for a smaller share of the total cost than a small car.
In the Asia Pacific, China is the largest market for automobiles and the biggest market for high-performance electric vehicles. The emission guidance and the subsidies for hybrid and electric cars in the Asia-Pacific region helped deliver a large portion of the overall hybrid and electric vehicles market. Though the emission and subsidies standards have helped boost green vehicle sales and the share of plug-in hybrid electric vehicles globally.
In addition, Europe is the fastest expanding market for PHEVs; the adoption of plug-in electric vehicles in Europe is actively encouraged by the European Union and several national, provincial, and local governments in Europe. The European stock of plug-in hybrid electric cars is the world's second-largest after China. As per our analysis, Global Plug-in Hybrid Electric Vehicles Market Size was 1.76 Million Units in 2020.
COVID-19 Impact on Plug-in Hybrid Electric Vehicles
COVID-19 pandemic affected the automotive industry along with every other industry. It disrupted Plug-in Hybrid Electric Vehicles sales. Globally, as showrooms closed their doors and manufacturers halted production. The demand for commercial vehicles has drastically affected the market as only essential activities were permitted during the lockdown period. However, now with the introduction of vaccines on a global scale, the Plug-in Hybrid Electric Vehicles Market is on the revival.
Key Players Performance
Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company, Honda Motor Company. These key companies are the most leading players in the Plug-in hybrid electric vehicles market. Owing to the increasing sales of plug-in hybrid vehicles, in 2021, Toyota planned to launch more plug-in-hybrid versions of the present vehicle models. The company plans to introduce plug-in-hybrid vehicle versions of Corolla and Levin.
Renub Research latest report “Plug-in Hybrid Electric Vehicle Market, Forecast by Vehicle Class (Mid-Price Car, Luxury Car), Car Type (Small & Compact Cars, Midsize & Large Cars, MPV & Vans, SUV) Region (North America, Latin America, Asia pacific, Europe, Middle East and Africa), Company (Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company, Honda Motor Company) Provides a detailed analysis of Plug-in Hybrid Electric Vehicle.
Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/plug-in-hybrid-electric-vehicles-market-p.php
Vehicle Class – Plug-in Hybrid Electric Vehicle have been covered from 2 viewpoints:
1. Mid-Price Car
2. Luxury Car
Car Type – Plug-in Hybrid Electric Vehicle have been covered from 4 viewpoints:
1. Small & Compact Cars
2. Midsize & Large Cars
3. MPV & Vans
Region – Plug-in Hybrid Electric Vehicle have been covered from 5 viewpoints:
1. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
• Company Initiatives
• Sales Analysis
2. Toyota Motor Corporation
3. Daimler AG
4. Ford Motor Company
5. Honda Motor Company
Industry Related Reports:
Automotive Air Suspension Market: https://www.renub.com/automotive-air-suspension-market-p.php
Global Refrigerated Transport Market: https://www.renub.com/refrigerated-transport-market-p.php
Europe Tyre (Tire) Market: https://www.renub.com/europe-tire-market-p.php
Autonomous Vehicles Market: https://www.renub.com/autonomous-vehicles-market-p.php
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers, and executives to make informed and correct decisions.
Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.
Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)
Follow on Linkedin: https://www.linkedin.com/company/renub-research
Roswell, GA 30076
Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plug-in Hybrid Electric Vehicles Market, Impact of COVID-19, By Vehicle Class, Companies, Forecast by 2030 - Renub Research here
News-ID: 2395013 • Views: 278
More Releases from Renub Research
United States Energy Drink Market Industry Trends, Impact of COVID-19, Company A …
In the United States, energy drinks' consumption has gained immense popularity among the millennial population over the last decade, and it has now become a multibillion-dollar industry. It is an integral part of social gatherings, parties, and celebrations in the United States. An energy drink contains stimulant compounds, usually caffeine, which is marketed as providing mental and physical stimulation. It is not carbonated and contains sugar, other sweeteners, herbal extracts,
Japan e-commerce Payment Market, Impact of COVID-19, Company Analysis and Foreca …
E-commerce payment implies digitally purchasing products and services, paying for a merchant using an electronic platform. Moreover, the digital payment method, without the use of cash or cheques, is often regarded as an online or mobile payment network. Japan has a well-developed e-commerce market and has registered sustainable growth over the years, supported by high mobile and online penetration and high consumer preference for online transactions. Consumers are increasingly shifting
Biological Organic Fertilizers Market, Impact of COVID-19, Company Analysis and …
The continuous decline of the earth's natural resources and increased use of hazardous chemical fertilizers pose great concern for the future of agriculture. Biofertilizers are a promising alternative to dangerous chemical fertilizers and are gaining importance for attaining sustainable agriculture. Biological organic fertilizer refers to materials used as fertilizer that occur regularly, usually as a by-product or end product of a naturally occurring process. It is primarily derived from animal-based
Global Tea Market Size will grow with a CAGR of 7.15% from 2020 to 2026
According to the latest report by Renub Research, titled "Global Tea Market By Type, Packaging, Distribution Channel, Application, Region, Company Analysis, & Forecast" Worldwide Tea Industry was valued at US$ 47.4 Billion in 2020. Worldwide tea has a long history of popularity; it is believed to have arisen in China, with records of its usage dating back to the 3rd century AD. It is an aromatic drink prepared by pouring
More Releases for Vehicle
Fuel Cell Vehicle Market
The report aims to provide an overview of the global Fuel Cell Vehicle Market with detailed market segmentation by technology, vehicle type, and geography. The global fuel cell vehicle market is expected to witness high growth during the forecast period. The fuel cell vehicle market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market. Get Sample Copy of
Electrical Vehicle Business
India is exploring the market acceptance and industry dynamics of the electric vehicles manufacturing and servicing sector, both are at an early stage, as domestic OEMs are just started launching EV models and the acceptance is growing slowly. The government policies like rolling out new taxes and awareness about these vehicles will improve the interests significantly which will accelerate the segment’s profitability. Although India’s CO2 emission levels from electricity generation are
Reliable Vehicle Performance Testing
Grant Squirrel Ensures Safety and Robustness of Product Line CAS DataLoggers provided a major automobile manufacturer with the data logging solution for its rigorous vehicle performance testing. As part of the testing of any new vehicle, sample units were typically subject to a variety of endurance and durability tests to identify any potential weak points or failure modes and chart their performance. To gather the most detailed record of a car’s
Vehicle Tracking Market
Vehicle Tracking Market – Global Industry Analysis and Forecast (2017-2026) – By Product, Vehicle, Technology, Application and Region. Vehicle Tracking Market size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. Vehicle tracking market size is estimated
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand
Vehicle Detectors Market
https://www.qandqmarketresearch.com/reports/7194018/vehicle-detectors-market-104 Vehicle detectors sense the presence of vehicles. They provide an output signal to a control unit, such as a gate or door operator, to open or close. When used as a safety device, vehicle detectors prevent a gate or door from closing on a vehicle. Global Vehicle Detectors market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast