Hybrid Vehicles Market - Global Industry Analysis and Opportunity Assessment 2014 - 2020: Future Market Insights

A hybrid vehicle is a vehicle that uses two or more distinct power sources to move the vehicle. For example, distinct power sources can be a combination of diesel and electricity, fuel cell and diesel, or gasoline and electricity. Due to their ingenious technology, hybrid vehicles provide various advantages to the end user.

Hybrids are not zero emission vehicles. The technology uses less fuel and emits less carbon into the atmosphere than most conventional, non-hybrid vehicles. Hybrid vehicles offer advantages such as reduced emissions, and improved fuel utilisation. The hybrid vehicle technology gives double the fuel efficiency of conventional vehicles, thus reducing dependency on fossils fuels to some extent.

Browse Full Report@ http://www.futuremarketinsights.com/reports/details/global-hybrid-vehicles-market

Hybrid vehicles can be categorised based on their types such as series hybrid, parallel hybrid, two-mode or dual-mode hybrid cars, plug-in hybrid cars and series-parallel hybrid. In series hybrid vehicles,the propulsion source is an electric motor. Parallel hybrid vehicles use multiple propulsion energy sources. Series-parallel vehicles can operate either using an electric motor, or using aninternal combustion engine (ICE).

Hybrid technology is used in passenger cars and commercial cars.According to the onboard energy sources, these vehicles could be segmented as ICE hybrids, diesel hybrids, fuel cell hybrids, solar hybrids (for example, racecars), natural gas hybrids, hybrid locomotive, and heavy hybrids (truck and bus).

The global automotive market is expected to grow at a CAGR of 6.3% from 2014 to 2020, but the global hybrid vehicle market is expected to grow at a much higher rate.Currently, the global hybrid vehicle penetration in the overall automotive productionis 3-5%, which has increased from 1-2% in 2012.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-43

Industry experts believe that one in five vehicles sold...