Press release
Global Hybrid Electric Vehicle Market to grow at a CAGR of 37.16% during Forecast period 2016-2020
HEVs represent the transformation of the global automotive industry. HEVs are an amalgamation of ICE vehicles and electric vehicles (EVs). Currently, traditional ICE vehicles dominate the industry due to their tested and proven engine mechanism, performance, and buyers' preferences. The production of HEVs started from the 19th century in Germany where Ferdinand Porsche made the first gasoline-electric hybrid automobile, the Lohner-Porsche Mixte. In 1905, Henri Pieper developed the historic HEV model, which had similar technology as the present one. This model from 1905 included an electric motor/generator, batteries, and a small engine. Batteries could be charged through electric motors while cruising at lower speeds. Wheels received power through both the motor and engine during extra torque requirements such as driving up a hill.
The global hybrid electric vehicle market to grow at a CAGR of 37.16% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global hybrid electric vehicle market for 2016-2020. To calculate the market size, the report includes the entire range of hybrid cars available in the market, with region-wise landscaping.
The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
Browse Research PDF at: http://www.researchmoz.us/enquiry.php?type=S&repid=877674
Technavio's report, Global Hybrid Electric Vehicle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Toyota
- Hyundai
- Honda
- Ford
- Nissan
Other prominent vendors
- BMW
- Chevrolet
- Hyundai
- Lexus
- Porsche
- Volkswagen
Market driver
- Subsidies and tax rebates for HEVs to reduce dependency on petroleum products.
- For a full, detailed list, view our report
Market challenge
- Cost-to-weight ratio high for hybrid vehicles than ICE vehicles.
- For a full, detailed list, view our report
Key questions answered in the report include:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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