Hybrid Electric Vehicle Market Increasing Demand, Growth Analysis and Outlook 2020-2025
According to the latest report by IMARC Group titled, “Hybrid Electric Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market to register a CAGR of more than 45% during 2020-2025. Hybrid electric vehicles (HEVs) are a type of vehicles that are powered by an internal combustion engine (ICE) and an electric motor. These vehicles use regenerative braking and automatic start-stop features that aid in preventing energy wastage. Furthermore, the excess energy from the engine is stored in batteries, thus resulting in better fuel economy. HEVs…
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