Hybrid Electric Vehicles Market: Parallel Hybrid Powertrain System to Witness Robust Growth
According to a study by Fact.MR, the global hybrid electric vehicle market is expected to experience strong growth, reaching US$ 42,103.9 million revenue. Leading hybrid electric vehicles market players are working to increase the speed of hybrid electric vehicles. They are also focusing on offering lightweight vehicles and improve battery power. Moreover, increasing consumer preference for environmentally friendly and fuel-efficient vehicles are some of the factors driving the growth of the Hybrid EV Market.
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