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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