'Hybrid EV' Driving Electric Vehicles Market Growth: Toyota Motor, Honda Motor, Ford Motor and Hyundai Motor Are Key Players
The key factors driving the growth of the electric vehicles market are growing urbanization, rising demand for global hybrid electric vehicle market, economic growth, growing car sales in emerging markets, improving air condition system and falling battery prices. Some of the noteworthy trends and developments of this industry are introduction of Atkinson Cycle engine and smart cars, greater adoption of electric vehicle in small and medium sized fleets, advanced rechargeable technology to enhance electric vehicle efficiency and self-driving features. However,...
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