Driving towards Sustainability: Exploring the Hybrid Electric Car Market

1. Hybrid Electric Car Market: Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. 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. In this blog, we will focus on the features and types of hybrid electric cars hurling on the roads. What is a Hybrid Electric Car? HEVs has all the benefits of a gasoline along with electric powertrain. They are designed with an intention to chiefly meet the goal of getting better fuel economy from a vehicle. Mileage of a hybrid cars is much better than a conventional fuel burning car. While conventional cars use an ICE-powered engine, the hybrid cars have engine and motor. The motor functions in sync with the petrol- or diesel-powered engine. In HEVs, the electric motor powers the cars at low speeds resulting in a greater fuel economy. The motor powers on a battery, most commonly an NiMH variant, supplying power to the motor, most HEVs have regenerative braking to get the battery charged. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/hybrid-electric- car-market/report-sample Regenerative brake technology educes energy lost during coasting or braking. Pure hybrid vehicles, different from mild-hybrids, can also get power just from electric motor, however, the range is much lower as compared to the full hybrids. Apart from this, HEVs also has automatic start/stop, shutting the engine off when idle and restarts once, there is an ignition. This reduces energy wasted from idling. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. While hybrids can be more fuel-efficient, this technology is a tad expensive. Thus, pure hybrid cars are generally expensive than other variants. 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. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=hybrid-electric-car-market 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. People are choosing hybrid cars based on their preferences and pocket, and with the improvements in technology and charging infra, there can be a time, when the roads will be bereft of only diesel-petrol driven vehicles. The research offers market size of the hybrid electric car market for the period 2017–2030. Market Segmentation by Hybridization Full Mild Market Segmentation by Battery Nickel–Metal Hydride (NiMH) Lithium-Ion (Li-ion) Market Segmentation by Type Hatchback Sedan Others • • • • • • • 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. Market Segmentation by Geography North America Hybrid Electric Car Market • oBy Hybridization oBy Battery oBy Type oBy Country – U.S., Canada, and Rest of North America APAC Hybrid Electric Car Market • oBy Hybridization oBy Battery oBy Type oBy Country – Japan, South Korea, China, and Rest of Asia-Pacific Europe Hybrid Electric Car Market • oBy Hybridization oBy Battery oBy Type oBy Country – U.K., Germany, France, and Rest of Europe Rest of the World (RoW) Hybrid Electric Car Market • oBy Hybridization oBy Battery oBy Type 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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