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Plug-in Hybrid Electric Vehicles Market
The Plug-in Hybrid Electric Vehicle (PHEV) market is witnessing an unprecedented surge, driven by increasing environmental awareness and stringent government regulations on emissions. In 2025, the market value is forecasted at $36.93 billion, with projections soaring to $187.45 billion by 2035, growing at an impressive 18.9% CAGR during the forecast period. PHEVs offer an optimal blend of electric and combustion engine technologies, reducing dependency on fossil fuels while addressing consumers' need for efficiency and sustainability.
Report ID
5633
Domain Name
Automotive
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PPT, PDF, WORD, EXCEL
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