Hybrid electric vehicles offer a solution to both economic and environmental challenges in the automotive sector.
(PRWEB UK) 1 February 2013
The global market for hybrid electric vehicles from 2013 to 2023 is set for growth as consumers across the globe seek to lower their fuel expenditure and manufacturers cohere to regulations to decrease vehicle CO2 emissions. Hybrid vehicles and their electric drivetrains will become more commonplace and consumers will become more familiar with the technology. As they do so vehicle manufacturers will need to find ways to profitably sell these new technologies. The internal combustion engine (ICE) will still be the dominant power source for vehicles but low emission ICEs, hybrid and electric vehicles will result in manufacturers taking a portfolio approach to vehicles.
Hybrid electric vehicles offer a solution to both economic and environmental challenges in the automotive sector. The report Global Hybrid Electric Vehicle (HEV) Market 2013-2023 has determined that the total number of hybrid electric vehicle sales in the passenger car market in 2013 will reach 2.07 million.