Technavio
Announces the Publication of its Research Report Global Hybrid Electric Vehicle
Market 2016-2020
Technavio recognizes the following companies as the key players in the global hybrid electric vehicle market: Toyota, Hyundai, Honda, Ford, and Nissan.
Other prominent vendors in the market are: Volkswagen, BMW, Chevrolet, Hyundai, Lexus, Porsche, and Volkswagen.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is international ZEV alliance by countries. The international Zero-Emission Vehicle (ZEV) alliance originated because of the EV and HEV production and the need to reduce GHG emissions in the transport sector. This alliance works in line with international and national emission reduction goals to counter consequences of climatic changes. This trend is rising due to the development and adoption of vehicle technologies that emit no tailpipe pollutants and can be powered by zero or near-zero emission levels. ZEVs in use today include battery-electric, plug-in hybrid, and fuel cell vehicles. These vehicles help improve the air quality and increase low-carbon development.”
Technavio recognizes the following companies as the key players in the global hybrid electric vehicle market: Toyota, Hyundai, Honda, Ford, and Nissan.
Other prominent vendors in the market are: Volkswagen, BMW, Chevrolet, Hyundai, Lexus, Porsche, and Volkswagen.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is international ZEV alliance by countries. The international Zero-Emission Vehicle (ZEV) alliance originated because of the EV and HEV production and the need to reduce GHG emissions in the transport sector. This alliance works in line with international and national emission reduction goals to counter consequences of climatic changes. This trend is rising due to the development and adoption of vehicle technologies that emit no tailpipe pollutants and can be powered by zero or near-zero emission levels. ZEVs in use today include battery-electric, plug-in hybrid, and fuel cell vehicles. These vehicles help improve the air quality and increase low-carbon development.”
According to
the report, one of the primary drivers in the market is push toward adoption of
green (eco-friendly) vehicles. On-road vehicles are one of the biggest
contributors to air pollution, due to their immense CO? emissions. The CO?
emission has been listed as the number one GHG that has been causing global
warming and climatic changes. The main focus is reducing vehicular fuel
consumption that contributes to the major GHG emissions. This measure is to
curb unfavorable environmental impact. The development and adoption of green
cars or vehicles are considered to be major solutions to reduce GHG levels in
the atmosphere to an acceptable level. These vehicles run on only electricity,
hybrid energy, and other power sources such as solar or wind energy or
biofuels.
Further, the report states that one major challenge in the market is cost-to-weight ratio high for hybrid vehicles than ICE vehicles. Basic models of HEVs are costlier than ICE vehicles falling under the same category; HEVs basic model price difference range is $2,500-$4,000. For mid-luxury and other hybrid vehicles categories the price difference ranges from $5,000 to $10,000, which is also more than that of ICE vehicles in the same categories. Owing to the heavyweight of battery packs and supporting motors that are installed in HEVs, hybrid vehicles are 10%-20% heavier than their normal ICE models. Normally, it is 350-500 lbs. extra than that of a normal engine vehicle.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get discount: https://marketreportscenter.com/request-discount/470054
Further, the report states that one major challenge in the market is cost-to-weight ratio high for hybrid vehicles than ICE vehicles. Basic models of HEVs are costlier than ICE vehicles falling under the same category; HEVs basic model price difference range is $2,500-$4,000. For mid-luxury and other hybrid vehicles categories the price difference ranges from $5,000 to $10,000, which is also more than that of ICE vehicles in the same categories. Owing to the heavyweight of battery packs and supporting motors that are installed in HEVs, hybrid vehicles are 10%-20% heavier than their normal ICE models. Normally, it is 350-500 lbs. extra than that of a normal engine vehicle.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get discount: https://marketreportscenter.com/request-discount/470054
About Hybrid Electric Vehicle
HEVs represent the transformation of the global automotive industry. HEVs are an amalgamation of ICE vehicles and electric vehicles (EVs). Currently, traditional ICE vehicles dominate the industry due to their tested and proven engine mechanism, performance, and buyers' preferences. The production of HEVs started from the 19th century in Germany where Ferdinand Porsche made the first gasoline-electric hybrid automobile, the Lohner-Porsche Mixte. In 1905, Henri Pieper developed the historic HEV model, which had similar technology as the present one. This model from 1905 included an electric motor/generator, batteries, and a small engine. Batteries could be charged through electric motors while cruising at lower speeds. Wheels received power through both the motor and engine during extra torque requirements such as driving up a hill.
Technavio’s analysts forecast the global hybrid electric vehicle market to grow at a CAGR of 37.16% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global hybrid electric vehicle market for 2016-2020. To calculate the market size, the report includes the entire range of hybrid cars available in the market, with region-wise landscaping.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
Technavio's report, Global Hybrid Electric Vehicle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Toyota
• Hyundai
• Honda
• Ford
• Nissan
Other prominent vendors
• BMW
• Chevrolet
• Hyundai
• Lexus
• Porsche
• Volkswagen
Market driver
• Subsidies and tax rebates for HEVs to reduce dependency on petroleum products.
• For a full, detailed list, view our report
Market challenge
• Cost-to-weight ratio high for hybrid vehicles than ICE vehicles.
• For a full, detailed list, view our report
Market trend
• High-density, high-power, and small-size batteries.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
HEVs represent the transformation of the global automotive industry. HEVs are an amalgamation of ICE vehicles and electric vehicles (EVs). Currently, traditional ICE vehicles dominate the industry due to their tested and proven engine mechanism, performance, and buyers' preferences. The production of HEVs started from the 19th century in Germany where Ferdinand Porsche made the first gasoline-electric hybrid automobile, the Lohner-Porsche Mixte. In 1905, Henri Pieper developed the historic HEV model, which had similar technology as the present one. This model from 1905 included an electric motor/generator, batteries, and a small engine. Batteries could be charged through electric motors while cruising at lower speeds. Wheels received power through both the motor and engine during extra torque requirements such as driving up a hill.
Technavio’s analysts forecast the global hybrid electric vehicle market to grow at a CAGR of 37.16% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global hybrid electric vehicle market for 2016-2020. To calculate the market size, the report includes the entire range of hybrid cars available in the market, with region-wise landscaping.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
Technavio's report, Global Hybrid Electric Vehicle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Toyota
• Hyundai
• Honda
• Ford
• Nissan
Other prominent vendors
• BMW
• Chevrolet
• Hyundai
• Lexus
• Porsche
• Volkswagen
Market driver
• Subsidies and tax rebates for HEVs to reduce dependency on petroleum products.
• For a full, detailed list, view our report
Market challenge
• Cost-to-weight ratio high for hybrid vehicles than ICE vehicles.
• For a full, detailed list, view our report
Market trend
• High-density, high-power, and small-size batteries.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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