The hybrid system market was valued at USD 18.88 billion in 2016 and is projected to
grow at a CAGR of 10.79% during the forecast period. The base year considered for the
study is 2016 and the forecast period is 2017–2022.Factors such as decreased tail-pipe
emission limits, potential fuel savings with adoption of mild hybrids, and tax benefits &
incentives/subsidies for adoption of electric vehicles are the key factors fueling the
growth of the hybrid system market.
Download PDF
Brochure
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69
130715