Dallas, Texas (PRWEB) August 22, 2014
One major trend emerging in this market is the increase in research and development innovations. Vendors are working upon improving the efficiency and functionality of hybrid electric vehicles to enhance their performance and improve customer satisfaction.
Analysts forecast the Global Hybrid Electric Vehicle market to grow at a CAGR of 20.86 percent over the period 2013-2018. According to the report, one of the main drivers in this market is the increased number of government initiatives for hybrid electric vehicles. Many countries provide customers with subsidies and incentives such as free parking in parking zones and tax exemptions to increase the purchase of hybrid electric vehicles.
Covered in this Report:
This report covers the present scenario and the growth prospects of the Global Hybrid Electric Vehicle market for the period 2014-2018. To calculate the market size, the report considers revenue generated through the unit shipment of the following types of hybrid electric vehicles: hybrid electric cars, hybrid electric trucks, and other hybrid electric vehicles.
The Global Hybrid Electric Vehicle market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Hybrid Electric Vehicle market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Global Hybrid Electric Vehicle Market: Ford Motor Co., Honda Motor Co. Ltd., Hyundai Motor Co., Toyota Motor Corp. and Volkswagen AG.
Other Prominent Vendors in the market are: Nissan Motors, General Motors, Daimler and Volvo Group.
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Further, the report states that one of the major challenges in the market is the high cost of hybrid electric vehicles. The use of advanced technology in hybrid electric vehicles adds to the high cost. The larger the battery pack, the higher the cost of hybrid electric vehicles.
Key Questions Answered in this Report:
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