9 Million Units by 2030
𝑻𝒐 𝒓𝒆𝒄𝒆𝒊𝒗𝒆 𝒇𝒓𝒆𝒆 𝒔𝒂𝒎𝒑𝒍𝒆 𝒑𝒂𝒈𝒆𝒔 𝒐𝒇 𝒕𝒉𝒊𝒔 𝒓𝒆𝒑𝒐𝒓𝒕@ https://www.psmarketresearch.com/market-analysis/hybrid-electric-car-market/report-sample?utm_source=ok&utm_medium=pramod With an increase in population and the income of the people, the number of vehicles on the roads globally are also increasing like anything. Vehicular pollution has long been a global issue, and it is continuing to be the same. Addressing that, people have started looking for options that can substitute the burning of fossil fuels in vehicles.
Electric cars and hybrid electric cars have come out as a solution for countering this issue of increasing pollution. Because of this, the demand for hybrid electric cars is on the rise, and will reach a volume of 9.9 million units by the end of this decade.
Most of the overall sales and the increase in the sales will be in APAC, which already holds the largest share in the hybrid electric car market, driven by the strong position of Japan and Japanese OEMs on the global automotive industry.
Different Types of Hybrid Cars
Pure Hybrids
Pure hybrids have all the potential to just run on the power from an electric motor, also there is a feature in these cars of switching automatically between fuel power and electric power depending up on the terrain and the usage. These variants had the largest share in the hybrid electric car market, of around 66%, last year as stated by P&S Intelligence..
Mild Hybrids
Mild-hybrid is another kind of car that has the potential to do the same. The motor in a mild-hybrid car provides support the engine in acceleration hence bringing about a better fuel economy than the conventional fuel-powered cars.
Plug-in Hybrids
PHEVs are pretty much similar to EVs. They can run solely on electric motors, though, the range of the plug-in hybrids is much greater. While Hybrid cars give a mileage of 25–40 km in electric mode, PHEVs can have a range of around 60–100 km in pure electric mode. Similarly, they can switch from electric to hybrid mode.
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