Dublin, Aug. 23, 2024 (GLOBE NEWSWIRE) -- The "Hybrid & Electric Cars Global Industry Guide 2019-2028" report has been added to ResearchAndMarkets.com's offering.
The global hybrid & electric cars market recorded revenues of $894.08 billion in 2023, representing a compound annual growth rate (CAGR) of 38.2% between 2018 and 2023.
Global Hybrid & Electric Cars industry profile provides top-line qualitative and quantitative summary information including: Market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
Key Highlights
- The hybrid & electric cars market consists of the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles.
- The market value is calculated at the retail selling price (RSP) and the market volume is given in terms of units sold.
- The electric cars segment refers to all-electric vehicles only, namely Battery Electric Vehicles (BEVs).
- The hybrid cars segment refers to all types of hybrid electric cars such as full-standard Hybrid Electric Vehicles (FHEVs), and mild and plug-in hybrid electric vehicles (MHEVs and PHEVs). The other alternative fuel vehicles (e.g., LPG, Hydrogen fuel cell, or 48vMEHVs) are not included.
- All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
- Market production volume increased with a CAGR of 34.8% between 2018 and 2023, to reach a total of 19,607,998 units in 2023.
- In the global market, Asia-Pacific held the largest share of 52.8% followed by Europe at 28.5%, and North America at 14.8%nin 2023.
Reasons to Buy
- What was the size of the global hybrid & electric cars Market by value in 2023?
- What will be the size of the global hybrid & electric cars Market in 2028?
- What factors are affecting the strength of competition in the global hybrid & electric cars Market?
- How has the Market performed over the last five years?
- What are the main segments that make up the global hybrid & electric cars Market?
Company Profiles
- AB Volvo
- BAIC Motor Corporation Ltd
- Bayerische Motoren Werke AG
- BYD Company Limited
- BYD India Pvt Ltd
- Ford Motor Company
- General Motors Company
- Honda Motor Co Ltd
- Hyundai Corporation
- Hyundai Motor Company
- Hyundai Motor India Ltd
- Mercedes-Benz Group AG
- Mitsubishi Motors Corporation
- Nissan Motor Co., Ltd.
- Renault SA
- SAIC Motor Corp Ltd
- Tata Motors Limited
- Tesla, Inc.
- Toyota Motor Corporation
- Volkswagen AG
Key Topics Covered:
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Competitive landscape
2 Introduction
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3 Global Hybrid & Electric Cars
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
For more information about this report visit https://www.researchandmarkets.com/r/jch18r
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
![](https://ml.globenewswire.com/media/MjE1YzA2YjAtMjUxNi00M2RlLWJjOGUtYzQ2ZTZiZjYzYTFkLTEwMjY3Mzc=/tiny/Research-and-Markets.png)