Global Hybrid Vehicle Market was valued US$ 84.01 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of XX% during forecast period.
Increasing environmental issues coupled with the activities directed at reduction of carbon footprints are the factors which boost growth of the hybrid vehicle market. It has obsessed the governments to offer incentives to the manufacturers of vehicles for enhancing the production of hybrid cars. A similar trend is projected to be witnessed over the next couple of years, so, favoring the production of the hybrid vehicle market over 2026.
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