Plug-in Hybrid Vehicle Market to Surpass USD 120 Billion by 2030...

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2026-03-31 11:47:38 -

Plug-in Hybrid Vehicle Market to Surpass USD 120 Billion by 2030 with 18.2% CAGR

The global Plug-in Hybrid Vehicle market has witnessed rapid growth due to rising environmental regulations and consumer adoption of green mobility solutions. In 2022, the market was valued at USD 48.5 billion, up from USD 41.0 billion in 2021, reflecting a 18.3% year-on-year (YoY) growth. From 2017 to 2022, the market expanded at a CAGR of 17.5%, driven by government incentives,...

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