Published Date : Mar 14, 2017
ALBANY, New York, March 14, 2017: The alarming increase in air pollution has raised global concern, compelling governments and industries to seek ways of curbing carbon emission. Consumers are as well willing to invest in eco-friendly lifestyle. Leading industries are thus focusing on producing items that help in achieving pollution reduction. For instance, hybrid cards and electronic vehicles (EVS) are in vogue in the automotive industry. As they are considered the future of rides on road, experts foresee huge scope for the expansion of the hybrid cards and EVS industry.
MarketResearchReports.biz has announced adding a new study, which studies the attractiveness of the global hybrid cars and EVS industry. The report is titled “Global Hybrid Cars And EVS Industry 2017, Trends And Forecast Report,” and is available for sale on the company website.
It provides a comprehensive market overview covering product definitions, growth drivers and restraints, manufacturing cost structure, supply chain reports, distribution network, recent policies, opportunities, and other relevant aspects influencing the market’s trajectory. It is compiled to gauge the hybrid cards and EVS industry’s potential. Information compiled in the study is intended to help stakeholders gain a better perspective of the prevailing market dynamics. Besides this, the report presents insights into the competitive landscape and studies the impact of the latest business policies on the overall market.
The rising air pollution is the prime factor boosting sales of hybrid vehicles. With carbon emission from vehicles sighting as a leading cause of pollution, the demand for electric vehicles and hybrid cars is forecast to rise at a strong pace. As people around the world become more aware of the benefits of driving electric vehicles, the hybrid cars and EVS industry will gain immensely in the future. These advanced vehicle models run on electricity and alternative fuel sources. This results in very less or no carbon emission from vehicles.
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Besides this, the market is forecast to gain from stringent regulations mandating strict emission standards. Spurred by these factors, the demand for electric vehicles and hybrid cards is forecast to increase considerably in the near future. On the downside, the high cost of hybrid cards will inhibit their sales to an extent.
Regionally, the market is expected to witness opportunities across developed and developing nations alike. While developed countries will be the early adopters of electric vehicles, opportunities are likely to be immensely lucrative across emerging nations. The booming automotive industry in Asia Pacific for instance, coupled with rising demand for hybrid vehicles across emerging nations, will give significant impetus to the hybrid cars and EVS industry in the coming years.
The presence of many companies has rendered the vendor landscape in the global hybrid cards and EVS industry highly fragmented. The report discusses the factors influencing competition in the market in detail. It therefore includes the detailed profiles of companies such as Hyundai, Toyota, Honda, General Motors, BMW, Ford, Nissan, Volkswagen, and other prominent companies in the sector.
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