Forecast of Global Hybrid Cars and EVs Market 2023

Global Hybrid Cars and EVs market will register a 24.8% CAGR in terms of revenue, reach US$ 305900 million by 2023, from US$ 81000 million in 2017. Hybrid Cars and EVs is one kind of new vehicle which utilizes the unconventional fuel as the power source integrating the advanced technology of the power control and drive section. The unconventional fuel generally is power. It mainly includes the PHEV, EV and HEV.