Hybrid Electric Vehicle Market PPT: Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities 2032
                     Global Hybrid Electric 
Vehicle Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
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t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
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chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
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achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  t o  t he  l a t es t  repo r t  by  IMARC Group ,  t i t l ed  "Hybr id  E lec t r ic  Veh i c l e  
Market :  G l oba l  Indust ry  T rends ,  Share ,  S ize ,  Growth ,  O pportun i ty  and  
Forecast  2024-2032 , "  t he  g loba l  hybr id  e lec t r i c  veh ic le  marke t  s i ze  reached 10 .0  
M i l l i on  Un i t s  i n  2023.
Report A hybr id  e lec t r i c  veh i c l e  (HEV)  i s  an  au tomob i l e  powered us ing  a  comb ina t ion  o f  
an  i n t e rna l  combus t i on  eng ine  ( I CE)  and e lec t r i c  mo to r (s ) .  I t  uses  energy  s t o red  
in  ba t te r ies  fo r  f unc t i on ing  and  i s  cha rged th rough  regenera t i ve  b rak ing ,  wh ich  
Highlight and conver t s  t he  k i ne t i c  ene rgy  genera t ed  by  the  veh ic le  in to  e lec t r i c  energy .  
The  s t o red  energy  can  a l so  be  u t i l i zed  fo r  power ing  aux i l i a ry  loads  and  reduc ing  
Description i d l e  em iss ions .  Nowadays ,  HEVs are  ga in ing  p rom inence  among  t he  masses  as  
they  o f f e r  be t te r  pe r f o rmance ,  improved fue l  economy and  reduced ca rbon-based  
emiss ions .  They  are  an  env i ronmen t - f r i end l y  a l t e rna t i ve  t o  conven t iona l  veh ic les  
as  t hey  run  on  c l ean  energy  and  p rov ide  be t t e r  m i l eage .
Request  fo r  a  PDF  sample  o f  th i s  repor t :  
ht tps : / / www. imarcgroup .com/hybr id -e lec t r i c -veh i c le -marke t / r eques t sample
Report Description
Gl o b a l  H y b r i d  E le c t r i c  V e h i c l e  M a rk e t  T re n d s :
W i t h  a  s i gn i f i c a n t  i n c r e a s e  i n  t h e  a i r  p o l l u t i o n  l e ve l s  d u e  t o  ex h a u s t  em i s s i o ns  f r o m ve h i c l e s ,  t h e r e  h as  b e e n  a  r i se  i n  t h e  
ad o p t i on  o f  v e h i c l e s  t ha t  p ro d u c e  l o w  o r  z e r o  e m i ss i o n s  w i t h o u t  c o mp r o m i s i n g  th e  p e r f o r ma n c e .  T h i s ,  a l o n g  w i t h  r a p i d  
u r b a n i za t i o n ,  e sp e c i a l l y  i n  d e ve l o p i n g  e c o n om i e s ,  a n d  t h e  i m p r ov i n g  pu r c h as i n g  po w e r  o f  t he  ma s s e s ,  h a s  c o n t r i b u t e d  t o  
i nc r e a se d  u p t a k e  o f  H E V s .  B e s i d e s  t h i s ,  t h e  g r ow i n g  e n v i r o n m en t a l  c o n ce r n s  h a ve  s h i f t ed  t h e  f o c u s  to w a r d  s u s ta i na b l e  
de v e l o p me n t ,  t h e r e b y  i n c r e a s i n g  t h e  d e m a nd  f o r  H E V s .  M o r e ov e r ,  g ov e r n me n ts  o f  s e ve r a l  c ou n t r i e s  a r e  i m p l e m e n t i n g  
s t r i n g e n t  e m i s s i o n  r eg u l a t i o n s  a n d  f u e l  ec o n o my  n o rm s ,  w h i c h  a re  c re a t i n g  a  p o s i t i v e  o u t l oo k  f o r  t h e  m a r ke t .  
T he y  a r e  a l s o  p r o v i d i n g  p u r ch a s e  g r a n t s ,  r e l a te d  i n c e n t i ve s ,  t a x  r e b a t e s ,  u t i l i t y  r a te  re d u c t i on s  a n d  p a r k i ng  p r i v i l e g es  t o  
us e r s  t o  e n c ou r a g e  t h e  a d op t i o n  o f  E V s .  F u r t h e rm o r e ,  s e v e ra l  ma n u fa c t u re r s  a r e  c on t i n u a l l y  i n ve s t i ng  i n  re s e a rc h  a n d  
de v e l o p me n t  ( R & D )  a c t i v i t i e s  t o  i n t r o du c e  i nn o v a t i ve  v e h i c l e s  w i t h  e n h an c e d  pe r f o rm a n c e ,  s o u nd l e s s  o p e r a t i o n  a nd  i m p r o v e d  
f ue l  e f f i c i e n c y .  O t he r  f a c to r s ,  su c h  a s  t h e  g ro w i n g  p r e f e r e nc e  f o r  m i l d  H E V s  a c ro s s  de v e l o p i n g  e c on o m i es ,  r i s i n g  p re f e r en c e  
f o r  f ue l -e f f i c i en t  a u t o m o b i l es  a n d  s i g n i f i ca n t  i mp r o v em e n t s  i n  c h a r g i n g  i n f r a s t r u c t u r e ,  a re  d r i v i n g  t h e  m a r ke t  g r o w t h .
L o o k i n g  f o r wa r d ,  I M A R C  G r o u p  e xp e c t s  t h e  m a r k e t  t o  g ro w  a t  a  C A GR  o f  2 8 %  d u r i n g  2 0 2 4 - 2 0 3 2 .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w ww . i m a r c g ro u p . co m / h y b r i d - e le c t r ic - v e h i c l e - m a r k e t
Breakup by Propulsion Type:
• Ful l  Hybrids
• Mild Hybrids
• Plug-in Hybrids
• Others
 
Report Breakup by Confi guration Type:
• Series HEV
Segmentation • Paral lel  HEV
• Combinat ion HEV
Breakup by Vehicle Type:
• Passenger Cars
• Commercia l  Vehicles
• Two-Wheelers
• Others
Breakup by Power Source:
• Stored Electr ic i ty
• On Board Electric Generator
Report 
Segmentation Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• Toyota Motor Corporation
• Honda Motor Co. Ltd.
• Ford Motor Company
Competitive • Volkswagen Aktiengesel lschaft
•
Landscape General  Motors Company
• Hyundai Motor Company
with Key • Nissan Motor Corporation Ltd.
Players
What was the size of the global hybrid electric 
vehicle market in 2023?
What is the expected growth rate of the global 
hybrid electric vehicle market during 2024-2032?
Key What are the key factors driving the global hybrid 
electric vehicle market?
Questions 
Answered in What has been the impact of COVID-19 on the global hybrid electric vehicle market?
the Report
What is the breakup of the global hybrid electric 
vehicle market based on the propulsion type?
What is the breakup of the global hybrid electric 
vehicle market based on the configuration type?
What is the breakup of the global hybrid electric 
vehicle market based on vehicle type?
What is the breakup of the global hybrid electric 
vehicle market based on the power source?
Key What are the key regions in the global hybrid 
electric vehicle market?
Questions 
Answered in Who are the key players/companies in the global hybrid electric vehicle market?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  H y b r i d  E l e c t r i c  V e h i c l e  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  P r o p u l s i o n  T y p e
    6 . 1     F u l l  H y b r i d s
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     M i l d  H y b r i d s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     P l u g - i n  H y b r i d s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
       
6 . 4     O t h e r s
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  C o n f i g u r a t i o n  T y p e
    7 . 1     S e r i e s  H E V
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     P a r a l l e l  H E V
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     C o m b i n a t i o n  H E V
        7 . 3 . 1  M a r k e t  T r e n d s
Table of         7 . 3 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  V e h i c l e  T y p e
    8 . 1     P a s s e n g e r  C a r s  
Contents         8 . 1 . 1  M a r k e t  T r e n d s        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     C o m m e r c i a l  V e h i c l e s
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     T w o - W h e e l e r s
        8 . 3 . 1  M a r k e t  T r e n d s
        8 . 3 . 2  M a r k e t  F o r e c a s t
    8 . 4     O t h e r s
        8 . 4 . 1  M a r k e t  T r e n d s
        8 . 4 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  P o w e r  S o u r c e
    9 . 1     S t o r e d  E l e c t r i c i t y
        9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / h y b r i d - e l ec t r i c -v eh i c l e - m a r ke t / t o c
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