HYBRID VEHICLES MARKET ANALYSIS

Regional Analysis

Global Hybrid Vehicles Market: Regional Insights

North America is anticipated to show significant growth in the global hybrid vehicles market over the forecast period. This can be due to rising sales of hybrid vehicles in the region. Moreover, growth of automotive industry in Canada and growing support from the government of the country for electric vehicles is also driving growth of the global hybrid vehicles in North America.

Furthermore, Europe is also anticipated to major growth in the global hybrid vehicles market over the forecast period. Market players in countries such as Germany and the U.K. are introducing strategies that match stringent standards regarding emissions. Moreover, there is a rise in investments and incentives such as ownership tax, purchase grant, and company car tax for promoting clean cars. Thus, the demand for hybrid vehicles is increasing in the region, which is expected to drive the market growth in the coming future. 

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa