New analysis indicates that the global hybrid electric vehicle (HEV) market will generate $2.07M sales in 2013, as consumers across the globe seek to lower their fuel expenditure and manufacturers are compelled to decrease vehicle CO2 emissions. The global hybrid electric vehicle (HEV) market is therefore to record promising growth over the next decade, as hybrid technologies are increasingly used to increase fuel efficiency, lower emissions and satisfy consumer demand.
The author of the Global Hybrid Electric Vehicle (HEV) Market 2013-2023 report commented that 'Hybrid vehicles are a growth market as they offer opportunities to satisfy consumer needs and also government emission regulations. The rising price of oil and the current economic climate have made consumers more conscious about fuel efficiency. Modern technologies enable manufacturers to obtain better fuel efficiency and lower emissions from hybrid vehicles without sacrificing engine performance'.
The report contains 71 tables, charts and graphs that add visual analysis in order to explain developing trends within the hybrid market. The study provides forecasts for the period 2013-2023 in terms of unit sales (m) for hybrid vehicles. Hybrid penetration rate forecasts are also provided from 2013-2023 for conventional ICE including stop/start, mild hybrid, full hybrid and plug-in hybrids. 12 leading national hybrid vehicle markets are forecast and analysed over the period 2013-2023. The report provides profiles of 17 leading companies operating within the hybrid market, and an exclusive interview with the principal automobile hybrid manufacturer, Toyota / Lexus (GB) Plc, providing expert insight alongside the analysis.
The Global Hybrid Electric Vehicle (HEV) Market 2013-2023 report will be of value to current and future potential investors into the automotive industry, as well as companies and research centers who wish to broaden their knowledge of the hybrid vehicle market.