According to the latest report by IMARC Group “Hybrid Electric Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global hybrid electric vehicle market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 30% during 2021-2026. A hybrid electric vehicle (HEV) refers to an automobile powered by combining an internal combustion engine (ICE) with an electric motor. It uses the energy stored in batteries that are charged through regenerative braking. This mechanism converts kinetic en…

Read More