Hybrid Cars and Evs Market Set to Reach US$ 1797.87 Billion by 2031 Amid Strong Policy Support and Charging Expansion

Market Summary -

The global market for Hybrid Cars and EVs was estimated to be worth US$ 680.82 billion in 2024 and is forecast to a readjusted size of US$ 1797.87 billion by 2031 with a CAGR of 13.0% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global Hybrid Cars and Evs Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Hybrid Cars and Evs industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/automobile-transportation-hybrid-cars-and-evs-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Hybrid Cars and EVs cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Hybrid cars are vehicles that combine an internal combustion engine with one or more electric motors to improve fuel efficiency and reduce emissions. The electric motor assists the engine during acceleration and can sometimes power the vehicle on its own at low speeds. There are different types of hybrids, including full hybrids, mild hybrids, and plug-in hybrid electric vehicles (PHEVs), with PHEVs capable of being charged from an external power source.

Electric vehicles (EVs), on the other hand, are powered entirely by electricity stored in rechargeable batteries. They use electric motors for propulsion and produce no tailpipe emissions. EVs include battery electric vehicles (BEVs) and also include PHEVs as a subcategory. They offer quiet operation, lower running costs, and reduced environmental impact.

Hybrid cars and EVs are increasingly central to the global transition toward clean and sustainable mobility. Hybrids, particularly PHEVs, offer a practical solution for consumers seeking improved fuel efficiency without full reliance on charging infrastructure. They serve as a transitional technology, balancing traditional and new power sources while providing drivers with flexibility and reduced emissions.

EVs are rapidly advancing in both technology and market penetration. Improved battery range, faster charging options, and smart vehicle features have made EVs more attractive to a broader consumer base. In China, both hybrid and electric models are gaining popularity as automakers expand offerings and infrastructure grows to support large-scale adoption. The market is becoming more mature, with buyers increasingly considering performance, cost of ownership, and environmental impact when choosing between hybrid and fully electric models.

Recent Developments -

The authors of the report have put forward recent developments by key participants. Other strategic activities by manufacturers such as M&A, joint ventures, collaborations, innovation, product offerings, and research and development activities are highlighted in this research study. This will keep the users up-to-date about the undertakings and give the users a crystal-clear understanding of the key advancements emerging in the business.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Hybrid Cars and Evs market:

Key Growth Drivers -

- Supportive policy frameworks and regulatory reforms
- Advancement in product innovation and technological breakthroughs
- Growing demand in emerging application areas
- Shift in global supply chain structures

Restraints & Challenges -

- Regulatory uncertainties
- Competitive pricing pressures
- Operational risks
- Market-entry barriers

Market Segmentation and Regional -

By Type

BEV
PHEV
HEV

By Application

Home Use
Commercial Use

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

Tesla
BYD
Volkswagen
BMW
Mercedes-Benz
Stellantis
SAIC
VOLVO
Hyundai & Kia
Renault
GEELY
GAC Motor
NIO
ONE
Ford
XPeng
Chery
TOYOTA
Leapmotor
Great Wall Motors
Nissan
Seres Auto
AION

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Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Hybrid Cars and Evs report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Hybrid Cars and Evs market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Hybrid Cars and Evs market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Hybrid Cars and Evs market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Hybrid Cars and Evs market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Hybrid Cars and Evs market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Hybrid Cars and EVs Product Introduction
1.2 Global Hybrid Cars and EVs Market Size Forecast
1.2.1 Global Hybrid Cars and EVs Sales Value (2020-2031)
1.2.2 Global Hybrid Cars and EVs Sales Volume (2020-2031)
1.2.3 Global Hybrid Cars and EVs Sales Price (2020-2031)
1.3 Hybrid Cars and EVs Market Trends & Drivers
1.3.1 Hybrid Cars and EVs Industry Trends
1.3.2 Hybrid Cars and EVs Market Drivers & Opportunity
1.3.3 Hybrid Cars and EVs Market Challenges
1.3.4 Hybrid Cars and EVs Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Hybrid Cars and EVs Players Revenue Ranking (2024)
2.2 Global Hybrid Cars and EVs Revenue by Company (2020-2025)
2.3 Global Hybrid Cars and EVs Players Sales Volume Ranking (2024)
2.4 Global Hybrid Cars and EVs Sales Volume by Company Players (2020-2025)
2.5 Global Hybrid Cars and EVs Average Price by Company (2020-2025)
2.6 Key Manufacturers Hybrid Cars and EVs Manufacturing Base and Headquarters
2.7 Key Manufacturers Hybrid Cars and EVs Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Hybrid Cars and EVs
2.9 Hybrid Cars and EVs Market Competitive Analysis
2.9.1 Hybrid Cars and EVs Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Hybrid Cars and EVs Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Hybrid Cars and EVs as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 BEV
3.1.2 PHEV
3.1.3 HEV
3.2 Global Hybrid Cars and EVs Sales Value by Type
3.2.1 Global Hybrid Cars and EVs Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Hybrid Cars and EVs Sales Value, by Type (2020-2031)
3.2.3 Global Hybrid Cars and EVs Sales Value, by Type (%) (2020-2031)
3.3 Global Hybrid Cars and EVs Sales Volume by Type
3.3.1 Global Hybrid Cars and EVs Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Hybrid Cars and EVs Sales Volume, by Type (2020-2031)
3.3.3 Global Hybrid Cars and EVs Sales Volume, by Type (%) (2020-2031)
3.4 Global Hybrid Cars and EVs Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Home Use
4.1.2 Commercial Use
4.2 Global Hybrid Cars and EVs Sales Value by Application
4.2.1 Global Hybrid Cars and EVs Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Hybrid Cars and EVs Sales Value, by Application (2020-2031)
4.2.3 Global Hybrid Cars and EVs Sales Value, by Application (%) (2020-2031)
4.3 Global Hybrid Cars and EVs Sales Volume by Application
4.3.1 Global Hybrid Cars and EVs Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Hybrid Cars and EVs Sales Volume, by Application (2020-2031)
4.3.3 Global Hybrid Cars and EVs Sales Volume, by Application (%) (2020-2031)
4.4 Global Hybrid Cars and EVs Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Hybrid Cars and EVs Sales Value by Region
5.1.1 Global Hybrid Cars and EVs Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Hybrid Cars and EVs Sales Value by Region (2020-2025)
5.1.3 Global Hybrid Cars and EVs Sales Value by Region (2026-2031)
5.1.4 Global Hybrid Cars and EVs Sales Value by Region (%), (2020-2031)
5.2 Global Hybrid Cars and EVs Sales Volume by Region
5.2.1 Global Hybrid Cars and EVs Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Hybrid Cars and EVs Sales Volume by Region (2020-2025)
5.2.3 Global Hybrid Cars and EVs Sales Volume by Region (2026-2031)
5.2.4 Global Hybrid Cars and EVs Sales Volume by Region (%), (2020-2031)
5.3 Global Hybrid Cars and EVs Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Hybrid Cars and EVs Sales Value, 2020-2031
5.4.2 North America Hybrid Cars and EVs Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Hybrid Cars and EVs Sales Value, 2020-2031
5.5.2 Europe Hybrid Cars and EVs Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Hybrid Cars and EVs Sales Value, 2020-2031
5.6.2 Asia Pacific Hybrid Cars and EVs Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Hybrid Cars and EVs Sales Value, 2020-2031
5.7.2 South America Hybrid Cars and EVs Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Hybrid Cars and EVs Sales Value, 2020-2031
5.8.2 Middle East & Africa Hybrid Cars and EVs Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Hybrid Cars and EVs Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Hybrid Cars and EVs Sales Value and Sales Volume
6.2.1 Key Countries/Regions Hybrid Cars and EVs Sales Value, 2020-2031
6.2.2 Key Countries/Regions Hybrid Cars and EVs Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Hybrid Cars and EVs Sales Value, 2020-2031
6.3.2 United States Hybrid Cars and EVs Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Hybrid Cars and EVs Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Hybrid Cars and EVs Sales Value, 2020-2031
6.4.2 Europe Hybrid Cars and EVs Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Hybrid Cars and EVs Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Hybrid Cars and EVs Sales Value, 2020-2031
6.5.2 China Hybrid Cars and EVs Sales Value by Type (%), 2024 VS 2031
6.5.3 China Hybrid Cars and EVs Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Hybrid Cars and EVs Sales Value, 2020-2031
6.6.2 Japan Hybrid Cars and EVs Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Hybrid Cars and EVs Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Hybrid Cars and EVs Sales Value, 2020-2031
6.7.2 South Korea Hybrid Cars and EVs Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Hybrid Cars and EVs Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Hybrid Cars and EVs Sales Value, 2020-2031
6.8.2 Southeast Asia Hybrid Cars and EVs Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Hybrid Cars and EVs Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Hybrid Cars and EVs Sales Value, 2020-2031
6.9.2 India Hybrid Cars and EVs Sales Value by Type (%), 2024 VS 2031
6.9.3 India Hybrid Cars and EVs Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Tesla
7.1.1 Tesla Company Information
7.1.2 Tesla Introduction and Business Overview
7.1.3 Tesla Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Tesla Hybrid Cars and EVs Product Offerings
7.1.5 Tesla Recent Development
7.2 BYD
7.2.1 BYD Company Information
7.2.2 BYD Introduction and Business Overview
7.2.3 BYD Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 BYD Hybrid Cars and EVs Product Offerings
7.2.5 BYD Recent Development
7.3 Volkswagen
7.3.1 Volkswagen Company Information
7.3.2 Volkswagen Introduction and Business Overview
7.3.3 Volkswagen Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Volkswagen Hybrid Cars and EVs Product Offerings
7.3.5 Volkswagen Recent Development
7.4 BMW
7.4.1 BMW Company Information
7.4.2 BMW Introduction and Business Overview
7.4.3 BMW Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 BMW Hybrid Cars and EVs Product Offerings
7.4.5 BMW Recent Development
7.5 Mercedes-Benz
7.5.1 Mercedes-Benz Company Information
7.5.2 Mercedes-Benz Introduction and Business Overview
7.5.3 Mercedes-Benz Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Mercedes-Benz Hybrid Cars and EVs Product Offerings
7.5.5 Mercedes-Benz Recent Development
7.6 Stellantis
7.6.1 Stellantis Company Information
7.6.2 Stellantis Introduction and Business Overview
7.6.3 Stellantis Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Stellantis Hybrid Cars and EVs Product Offerings
7.6.5 Stellantis Recent Development
7.7 SAIC
7.7.1 SAIC Company Information
7.7.2 SAIC Introduction and Business Overview
7.7.3 SAIC Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 SAIC Hybrid Cars and EVs Product Offerings
7.7.5 SAIC Recent Development
7.8 VOLVO
7.8.1 VOLVO Company Information
7.8.2 VOLVO Introduction and Business Overview
7.8.3 VOLVO Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 VOLVO Hybrid Cars and EVs Product Offerings
7.8.5 VOLVO Recent Development
7.9 Hyundai & Kia
7.9.1 Hyundai & Kia Company Information
7.9.2 Hyundai & Kia Introduction and Business Overview
7.9.3 Hyundai & Kia Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Hyundai & Kia Hybrid Cars and EVs Product Offerings
7.9.5 Hyundai & Kia Recent Development
7.10 Renault
7.10.1 Renault Company Information
7.10.2 Renault Introduction and Business Overview
7.10.3 Renault Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Renault Hybrid Cars and EVs Product Offerings
7.10.5 Renault Recent Development
7.11 GEELY
7.11.1 GEELY Company Information
7.11.2 GEELY Introduction and Business Overview
7.11.3 GEELY Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 GEELY Hybrid Cars and EVs Product Offerings
7.11.5 GEELY Recent Development
7.12 GAC Motor
7.12.1 GAC Motor Company Information
7.12.2 GAC Motor Introduction and Business Overview
7.12.3 GAC Motor Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 GAC Motor Hybrid Cars and EVs Product Offerings
7.12.5 GAC Motor Recent Development
7.13 NIO
7.13.1 NIO Company Information
7.13.2 NIO Introduction and Business Overview
7.13.3 NIO Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 NIO Hybrid Cars and EVs Product Offerings
7.13.5 NIO Recent Development
7.14 ONE
7.14.1 ONE Company Information
7.14.2 ONE Introduction and Business Overview
7.14.3 ONE Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 ONE Hybrid Cars and EVs Product Offerings
7.14.5 ONE Recent Development
7.15 Ford
7.15.1 Ford Company Information
7.15.2 Ford Introduction and Business Overview
7.15.3 Ford Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Ford Hybrid Cars and EVs Product Offerings
7.15.5 Ford Recent Development
7.16 XPeng
7.16.1 XPeng Company Information
7.16.2 XPeng Introduction and Business Overview
7.16.3 XPeng Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 XPeng Hybrid Cars and EVs Product Offerings
7.16.5 XPeng Recent Development
7.17 Chery
7.17.1 Chery Company Information
7.17.2 Chery Introduction and Business Overview
7.17.3 Chery Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Chery Hybrid Cars and EVs Product Offerings
7.17.5 Chery Recent Development
7.18 TOYOTA
7.18.1 TOYOTA Company Information
7.18.2 TOYOTA Introduction and Business Overview
7.18.3 TOYOTA Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 TOYOTA Hybrid Cars and EVs Product Offerings
7.18.5 TOYOTA Recent Development
7.19 Leapmotor
7.19.1 Leapmotor Company Information
7.19.2 Leapmotor Introduction and Business Overview
7.19.3 Leapmotor Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Leapmotor Hybrid Cars and EVs Product Offerings
7.19.5 Leapmotor Recent Development
7.20 Great Wall Motors
7.20.1 Great Wall Motors Company Information
7.20.2 Great Wall Motors Introduction and Business Overview
7.20.3 Great Wall Motors Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Great Wall Motors Hybrid Cars and EVs Product Offerings
7.20.5 Great Wall Motors Recent Development
7.21 Nissan
7.21.1 Nissan Company Information
7.21.2 Nissan Introduction and Business Overview
7.21.3 Nissan Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Nissan Hybrid Cars and EVs Product Offerings
7.21.5 Nissan Recent Development
7.22 Seres Auto
7.22.1 Seres Auto Company Information
7.22.2 Seres Auto Introduction and Business Overview
7.22.3 Seres Auto Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.22.4 Seres Auto Hybrid Cars and EVs Product Offerings
7.22.5 Seres Auto Recent Development
7.23 AION
7.23.1 AION Company Information
7.23.2 AION Introduction and Business Overview
7.23.3 AION Hybrid Cars and EVs Sales, Revenue, Price and Gross Margin (2020-2025)
7.23.4 AION Hybrid Cars and EVs Product Offerings
7.23.5 AION Recent Development
8 Industry Chain Analysis
8.1 Hybrid Cars and EVs Industrial Chain
8.2 Hybrid Cars and EVs Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Hybrid Cars and EVs Sales Model
8.5.2 Sales Channel
8.5.3 Hybrid Cars and EVs Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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