Hybrid Electric Vehicle Market report focuses on the major drivers and restraints for the key players. Hybrid Electric Vehicle Industry research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Hybrid Electric Vehicle market research report is a professional and in-depth study on the current state of Hybrid Electric Vehicle Industry.
Hybrid Electric Vehicle Market to Grow at a CAGR of 37.16% by the period 2016-2020.
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The Hybrid Electric Vehicle Market research report covers the present scenario and the growth prospects of the global Hybrid Electric Vehicle industry for 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.
Key Vendors of Hybrid Electric Vehicle Market:
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• Push toward adoption of green (eco-friendly) vehicles
• Stringent regulations on emissions and fuel efficiency
• Subsidies and tax rebates for HEVs to reduce dependency on petroleum products
• Charging infrastructures for PHEV
• Reduction in Li-ion battery cost
• High total cost of ownership of HEVs
• Cost-to-weight ratio high for hybrid vehicles than ICE vehicles
• Range anxiety, battery performance, and replacement schedule issues
• Difficulty in adapting to changing weathers
• Fuel cell HEVs: Hydrogen as an upcoming alternative fuel
• High-density, high-power, and small-size Li-ion batteries
• International ZEV alliance by countries
Hybrid Electric Vehicle market report provides key statistics on the market status of the Hybrid Electric Vehicle manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Hybrid Electric Vehicle industry.
The Hybrid Electric Vehicle market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the Hybrid Electric Vehicle market. Hybrid Electric Vehicle market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and Hybrid Electric Vehicle market demand and supply scenarios.
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Geographical Regions of Hybrid Electric Vehicle market:
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The report then estimates 2016-2020 market development trends of Hybrid Electric Vehicle market. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Hybrid Electric Vehicle market before evaluating its feasibility.
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