Press release
Latin America Hybrid Electric Vehicle Market Growth, Demand, Segment and Leading Companies Forecast To 2028 | Hyundai Motor Company, General Motors, and BMW AG
MarkNtel Advisors, a prominent market research firm, has recently published a report titled "Latin America Hybrid Electric Vehicle Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028." This comprehensive study explores into the industry, offering an in-depth examination of the Latin America Hybrid Electric Vehicle market, encompassing research findings, size, market share, trends, and growth projections.
Furthermore, the report encompasses competitor and countries analyses, spotlighting the most recent developments in the market.
Report Historical Data:
> Historical Data: 2018-21
> Base Year: 2022
> Forecast Period: 2023-28
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Latin America Hybrid Electric Vehicle Market Overview:
The Latin America Hybrid Electric Vehicle Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28. It owes to the rising prices of fossil fuels and increasing number of stringent emission norms being imposed by governments of various countries worldwide. The prices of conventional fuels have been increasing year-on-year due to declining number of crude oil & natural gas reserves.
What are the top listed Latin America Hybrid Electric Vehicle Companies in the market?
* Hyundai Motor Company
* General Motors
* BYD Company Limited
* BMW AG
* Groupe Renault
* Volvo Group
* Nissan Motor Company Limited
* Ford Motor Company
* Toyota Motor Corporation
* Others
What Factor Driving the Latin America Hybrid Electric Vehicle Industry Growth in the coming years?
Ever-Increasing Deployment of Stringent Emission & Fuel Economy Norms - Hybrid vehicle sales have been growing steadily in Latin America, mainly due to the imposition of strict emission-related norms by governments of countries like Brazil, Mexico, Chile etc., in order to lower CO2 emissions from the automotive sector. For instance, in 2022, the Brazilian government implemented PROCONVE L-7 and further announced the implementation of PROCONVE L-8 emission norms in 2025. These automotive emission norms extremely focus on lowering harmful gasses like carbon monoxide, hydrocarbons, nitrogen oxides, etc., from automotive due to which, the OEMs like Toyota, Volvo, and others across the region have been gradually shifting towards [read more - https://www.marknteladvisors.com/research-library/latin-america-hybrid-electric-vehicle-market.html ]
What segmentation included in Latin America Hybrid Electric Vehicle market?
By Propulsion Type
* Plug-in Hybrid Electric Vehicle (PHEV)
* Hybrid Electric Vehicle (HEV)l
* Natural Gas Vehicle (NGV)
By Electric Powertrain Type
* Parallel hybrid
* Series Hybrid
* Combined Hybrid
By Hybridization
* Full Hybrid
* Micro-Hybrid
* Mild Hybrid
By Vehicle Type
* Passenger Cars
* Commercial Vehicles
* Light Commercial Vehicle (LCV)
* Medium & High Commercial Vehicle (MHCV)
* Two Wheeler
Separation By Countries
* Mexico
* Brazil
* Argentina
* Columbia
* Rest of Latin America
In case you missed it, we are currently revising our reports. Click on the "Request Customization Report" button to get the latest research data with forecast for years 2024 to 2029, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report. [Visit - https://www.marknteladvisors.com/query/request-customization/latin-america-hybrid-electric-vehicle-market.html ]
Reason to Buy This Report:
> In-depth analysis covering Latin America Hybrid Electric Vehicle Market Size, Share, Growth, Trends, and Future Outlook.
> Focus on Industry Dynamics, Demand, and Development Opportunities.
> Incorporates Latest Investment and Industry Reports for a comprehensive view.
> Accurate Forecast data to guide informed decision-making.
> Presented in English for clear and concise understanding.
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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