A plug-in hybrid, sometimes called a plug-in hybrid electric vehicle (PHEV), is a hybrid vehicle with a high-capacity battery that can be recharged by plugging into a power outlet or charging station. They can store enough power to significantly reduce oil consumption under typical driving conditions. Plug-in hybrid electric vehicles (phevs) use electric motors to capture power in addition to internal combustion engines. These vehicles can be charged from the outside, which allows them to travel longer distances. The motors used in phevs help reduce fuel consumption and pollution.
This report contains market size and forecasts of Automotive Plug-in Hybrid Electric Vehicle (PHEV) in global, including the following market information:
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Automotive Plug-in Hybrid Electric Vehicle (PHEV) companies in 2021 (%)
The global Automotive Plug-in Hybrid Electric Vehicle (PHEV) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Series Plug-in Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Plug-in Hybrid Electric Vehicle (PHEV) include Toyota, Tesla, BMW, Chevrolet, Ford Motor Company, PSA, Fiat Chrysler Automobiles, Hyundai and Volvo, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive Plug-in Hybrid Electric Vehicle (PHEV) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Segment Percentages, by Type, 2021 (%)
Series Plug-in
Parallel or Hybrid Plug-in
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Segment Percentages, by Application, 2021 (%)
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Plug-in Hybrid Electric Vehicle (PHEV) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Automotive Plug-in Hybrid Electric Vehicle (PHEV) revenues share in global market, 2021 (%)
Key companies Automotive Plug-in Hybrid Electric Vehicle (PHEV) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Automotive Plug-in Hybrid Electric Vehicle (PHEV) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Toyota
Tesla
BMW
Chevrolet
Ford Motor Company
PSA
Fiat Chrysler Automobiles
Hyundai
Volvo
Karma Automotive
Honda