Hybrid vehicles are designed for better fuel efficiency, more power, and minimum emissions. These vehicles capture electrical energy produced from different sources, such as regenerative braking systems and engines.

Hybrid Vehicle Market has a significant scope for growth and is expected to cross 7,593 Thousand Units by 2025. The reports forecast the Hybrid Vehicle Market by Electric Powertrain, Degree of Hybridization, Propulsion and Region.

The market is driven by factors such as better fuel efficiency, longer driving range than other electric vehicles, fewer emissions, and government initiatives pertaining to hybrid vehicles and electric infrastructure.

Hybrid Vehicle Market by Electric Powertrain (Parallel, Series), Degree of Hybridization (Full, Micro, and Mild), Propulsion (HEV, PHEV, and NGV), Vehicle Type (PC, CV), Component (Battery, Electric Motor, and Transmission), and Region - Global Forecast