Tag Archives: Hybrid Vehicle Market Forecast

Hybrid Vehicle Market 2018-2025| MarketsandMarkets

The Hybrid Vehicle Market is projected to grow at a CAGR of 8.94% during the forecast period, to reach 7,593 thousand units by 2025. The rising demand of mid- and large-sized cars, increased demand for low-emission vehicles, stringent emission regulations, and government purchase grants and rebates have led to an increase in the demand for hybrid vehicles.

Hybrid vehicles are designed for better fuel efficiency, more power, and minimum emissions. Hybrid vehicles can generate electric current and store it in a battery. These vehicles capture electrical energy produced from different sources, such as regenerative braking systems and engines. They can conserve energy by shutting down the engine, when the vehicle is parked, idle, or when the electric motor’s energy is sufficient to drive the vehicle without assistance from the ICE.