Press release
Hybrid Electric Vehicle Market Estimated to Reach 31.2 Million Units By 2027 | CAGR of 31.9%
A hybrid electric vehicle (HEV) refers to an automobile that is powered by a combination of an ICE or internal combustion engine and an electric motor. It generally relies on energy stored in batteries for functioning and regenerative braking, which changes the kinetic energy produced into electric energy. The hybrid electric vehicle has less fuel consumption, carbon-based emissions, and maintenance costs than vehicles solely powered by an ICE. Consequently, it is gaining extensive traction as an environment-friendly alternative to conventional vehicles.
Request for a free sample copy of this report: https://www.imarcgroup.com/hybrid-electric-vehicle-market/requestsample
Hybrid Electric Vehicle Market Trends and Drivers:
The rising air pollution levels, owing to exhaust emissions from automobiles, and the growing consumer environmental consciousness are among the key factors stimulating the hybrid electric vehicle market. Moreover, the inflating purchasing power of individuals and improving road networks are acting as significant growth-inducing factors. Besides this, government bodies across numerous countries are implementing stringent emission regulations as well as fuel economy norms and offering purchase grants, related incentives, tax rebates, utility rate reductions, etc., which is positively influencing the global market.
Furthermore, the development of innovative vehicles with soundless operations, high-performance engines, improved fuel efficiency, etc., by several leading manufacturers and extensive R&D activities are also propelling the market growth. Besides this, the emerging trend of fuel-efficient and cost-effective commute options is further bolstering the global market. Additionally, continuous improvements in the EV charging infrastructures are leading to extensive investments by power sector stakeholders in automobile utilities and charging hardware, which is expected to fuel the hybrid electric vehicle market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Toyota Motor Corporation
Honda Motor Co. Ltd.
Ford Motor Company
Volkswagen Aktiengesellschaft
General Motors Company
Hyundai Motor Company
Nissan Motor Corporation Ltd.
Explore full report with table of contents: https://www.imarcgroup.com/hybrid-electric-vehicle-market
The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Propulsion Type:
Full Hybrids
Mild Hybrids
Plug-in Hybrids
Others
Breakup by Configuration Type:
Series HEV
Parallel HEV
Combination HEV
Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicles
Two Wheelers
Others
Breakup by Power Source:
Stored Electricity
On Board Electric Generator
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Hybrid Electric Vehicle Market Estimated to Reach 31.2 Million Units By 2027 | CAGR of 31.9% here
News-ID: 2890403 • Views: …
More Releases from IMARC Group
Meat Processing Plant Setup: Key Insights for a Successful Industrial Venture
Setting up a meat processing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Meat Processing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a meat processing plant, covering everything from product overview and processing processes to…
Sanitary Napkin Manufacturing Unit Setup: Business Model & Cost Feasibility
Setting up a sanitary napkin manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Sanitary Napkin Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a sanitary napkin manufacturing plant, covering everything from product overview and…
Drone Photography/Videography Project Report 2025: Market Trends and Business Op …
Drone Photography/Videography Business Plan & Project Report Overview
IMARC Group's "Drone Photography/Videography Business Plan and Project Report 2025" offers a comprehensive framework for establishing a successful drone photography/videography business. The critical areas, including market trends, investment opportunities, revenue models, and financial forecasts, are discussed in this in-depth report and are therefore useful resources to entrepreneurs, consultants and investors. Whether evaluating the viability of a new venture or streamlining an existing one,…
Sustainable Fashion Consulting Business Plan 2025: Costs, Setup, and Profit Pote …
Sustainable Fashion Consulting Business Plan & Project Report Overview
IMARC Group's "Sustainable Fashion Consulting Business Plan and Project Report 2025" offers a comprehensive framework for establishing a successful sustainable fashion consulting business. The critical areas, including market trends, investment opportunities, revenue models, and financial forecasts, are discussed in this in-depth report and are therefore useful resources to entrepreneurs, consultants and investors. Whether evaluating the viability of a new venture or streamlining…
More Releases for Hybrid
Hybrid Fiber Coaxial Market Enhancing Broadband Connectivity with Advanced Hybri …
"𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐰𝐢𝐭𝐡 𝐒𝐦𝐚𝐫𝐭𝐞𝐫 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬"
The latest study released on the Hybrid Fiber Coaxial Market evaluates market size, trend, and forecast to 2030. The Hybrid Fiber Coaxial market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and…
WHAT IS A Hybrid System Market AND WHY IT MATTERS | Adgero Hybrid Systems, Valeo …
The ‘ Hybrid System market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Hybrid System derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested…
Electric Bus Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Ve …
Electric bus or e-bus is a bus that does not have traditional ICE engine for its propulsion and is completely electric. E-bus is driven by an on-board electric motor that receives the power from on-board batteries or set of batteries. Electric buses are considered as eco-friendly as they do not produces any pollutants are also economical when compared with traditional gasoline/diesel buses.
Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPAT00002413/?utm_source=openpr&utm_medium=10387
Major Players in the…
Hybrid Vehicles Market 2026 | Gasoline Hybrid, Diesel Hybrid, Parallel Hybrid, S …
Research Report Insights in its report titled “Hybrid Vehicles Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” offers detailed insights and in-depth research on the global hybrid vehicles market over a 10-year forecast period 2016 – 2026. The report covers the important factors driving the growth of the global hybrid vehicles market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global hybrid vehicles market and other…
Hybrid Tbilisi
Reflections on Architecture in Georgia
The Caucasian metropolis of Tbilisi is in a permanent state of transformation. Spectacular new buildings contrast with late-Soviet formal experiments such as the Ministry of Highway Construction, an icon of Soviet brutalism. Meanwhile, palaces, administration buildings, and museums by European architects from the early-twentieth century are fading into oblivion, while entire streets around them are being reconstructed. Georgia’s capital appears like something of a paradox: on…
Hybrid and Electric Vehicles Market,Hybrid and Electric Vehicles Industry, Globa …
Latest industry research report on: Global Hybrid and Electric Vehicles Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the global Hybrid and Electric Vehicles market status and forecast, categorizes the global Hybrid and Electric Vehicles market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia…
