TechNavio today launched its report Global Hybrid Car Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers and understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”With the time and research on the development of the battery systems of hybrid cars, the overall cost of batteries and total cost of ownership will decrease. By 2014, the total cost of ownership of plug-in hybrid electric vehicles (HEVs) with a battery of 10 KWh will be below that of an internal combustion engine vehicle and, by 2017, the total cost of ownership of plug-in hybrid electric vehicles with a battery of 15 KWh will be lower than an internal combustion engine vehicle. The total cost of ownership of battery electric vehicles will be less than an internal combustion engine vehicle by 2020 with the development of batteries. This reduction in cost will fuel the growth of the Global Hybrid Car market.”
According to the report, labor arbitrage, i.e., the various advantages offered by the hybrid car to the end-user such as energy efficiency, less pollution, better performance, reduced dependency on natural resources and many more are also a major force which has led to the adoption of hybrid cars and the growth of the Global Hybrid Car market.
Further, the report also discusses that the high cost of hybrid cars is one of the major challenges faced by this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-hybrid-car-market-2011-2015
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TechNavio Announces the Publication of its Report – Global Hybrid Car Market 2011-2015
