US hybrid electric vehicle sales will reach a market valuation of US$15.2 billion in 2021. The US hybrid electric vehicle market is projected to expand rapidly at a CAGR of 13.8% to exceed US$55.5 billion by the end of 2032.
Leveraging space-age industrial and digitization tools to provide clients with avant-garde, actionable insight into the US hybrid electric vehicle market. To enhance the reader’s experience, the report begins with a basic overview of the US hybrid electric vehicle market and its classification.
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Categorical Analysis of the US Hybrid Electric Vehicle Industry
- by Source:
- Electricity storage Hybrid electric vehicle
- Onboard generator Hybrid electric vehicle
- by Powertrain:
- series hybrid electric vehicle
- Parallel hybrid electric vehicle
- Combined hybrid electric vehicle
- by Vehicle Type:
- passenger car
- commercial vehicle
- by Region:
- western US
- US Southwest
- US Midwest
- Northeast US
- Southeastern United States
Competitive Landscape: Hybrid Electric Vehicle Market Leaders
The U.S. market for hybrid electric vehicles is in its early stages and could be driven on the back of healthy investment from both market players and the government. In addition to this, increasing infrastructure is also poised to support the growth of the market in the coming years.
Growing interest in electric vehicles, driven by the need for emissions regulations, offers a lucrative opportunity for new manufacturers to enter the market. Additionally, prominent market players are investing in research and development to innovate their products and deliver fuel-efficient hybrid vehicles in the coming years.
- Tesla Inc. has received approval for nearly four vehicle variants for the Indian market. The company has obtained approval from the Ministry of Roads and Transport in 2021 . The company also plans to enter the Indian market by establishing subsidiaries Energy Private Ltd. and Tesla Indian Motors.
- General Motors Company began increasing investment in electric vehicles in 2019 to expand its electric vehicle portfolio and lead the EV race. The company plans that by 2025 more than 40% of its vehicles in the US will be battery-powered electric vehicles.
What insights does the US Hybrid Electric Vehicles Market report offer the readers?
- S. The hybrid electric vehicle market segmentation is based on product type, end-use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand and current market environment.a
- Collaborations, R&D projects, acquisitions, and product launches of each player in the US Hybrid Electric Vehicle Market.
- Details of the various regulations imposed by the government on the consumption of the US hybrid electric vehicle market.
- The impact of emerging technologies such as big data and analytics, artificial intelligence, and social media platforms on the global US hybrid electric vehicle market.
The report covers the following US Hybrid Electric Vehicles Market insights and assessments that will be helpful to all participants involved in the US Hybrid Electric Vehicles Market:
- Data on Recently Introduced Regulations in the U.S. Hybrid Electric Vehicle Market and its Impact on Key Industries and On-Demand
- Latest industry analysis on the US hybrid electric vehicle market and key analysis of market drivers, trends, and impact factors
- Key Trends An analysis of the US hybrid electric vehicle market and changing consumer preferences in key industries.
- Shifting U.S. Hybrid Electric Vehicle Market Demand and Consumption of Diverse Products
- Key trends highlighting funding by major investors in many countries
- New investment opportunities in diverse technology, product or service types
- Comprehensive data and competitive analysis of key players in the US hybrid electric vehicle market
- US hybrid electric vehicle market sales will grow at a steady pace, driven by rising consumer confidence and economic recovery.
- S. Hybrid Electric Vehicles Market demand forecasts in Europe are stable as many countries such as the UK, France and Germany focus on driving growth.