Hybrid Electric Car Market Size, Share & Forecasts, 2030

In 2022, the hybrid electric car market sales size is projected to reach 2.2 million units, and it is projected to raise at a CAGR of 20.1% during 2022–2030, to sell 9.9 million units by 2030, according to P&S Intelligence.

This is because of the growing execution of strict emission rules, increasing government funding, and rising environmental knowledge among customers in several nations. In the coming few years, the need will be boosted by emission ethics for automobiles, falling sales of diesel passenger vehicles, reducing the cost of Li-ion batteries, and a growing count of models.