Hybrid Cars Market
register sluggish growth in the near future, as the penetration of these cars is minimal in these regions, states the research report.
Increasing Level of Air Pollution due to Carbon Emission to Fuel Need for Hybrid Cars
“ The increase in air pollution to alarming levels has influenced the uptake of hybrid vehicles remarkably,” says an analyst at TMR. Carbon emission from vehicles is the most prominent factor behind the rising air pollution across the world. The surge in concerns of people regarding this has shifted their interests towards hybrid cars, which are eco-friendly and utilize electricity as the main source of power for their functioning. This, as a result, is reflecting amazingly on the sales of these cars, leading to a thriving future for the global hybrid cars market.
Apart from this, the increasing enforcement of regulations mandating strict emission standards is also anticipated to promote the uptake of hybrid cars substantially over the next few years. However, the high costs associated with hybrid cars, together with the availability of electric cars at much lower rates may limit the market’ s growth in the near future, notes the study.
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The study presented here is based on a report by Transparency Market Research( TMR) titled“ Hybrid Cars Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016- 2024.”
The global hybrid cars market has been segmented as follows:
By Type-Series hybrid-Parallel hybrid-Plug-in hybrid-Series-Parallel hybrid
Transparency Market Research
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