Electric and Hybrid Vehicles

Report ID: | No. of Pages: | Base Year for Estimate: | Format: Report available in PDF formatReport available in PDF format

The Electric and Hybrid Vehicle (EHV) market is a high-growth sector at the forefront of the global shift towards sustainable transportation. This dynamic industry encompasses Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Hybrid Electric Vehicles (HEVs). Key market drivers include stringent global emission regulations, government incentives (tax credits, subsidies), increasing consumer awareness of environmental concerns, and advancements in battery technology that enhance range and reduce costs.

Global Electric and Hybrid Vehicle Market, a significant segment of the EHV category, was valued at approximately USD 324.48 Billion in 2025. It is projected to grow to around USD 857.05 Billion by 2035, exhibiting a robust Compound Annual Growth Rate (CAGR) of over 10.2% from 2026-2035. This steady expansion is driven by both governmental policy and consumer demand for fuel-efficient models.

CSTM






    For Business Inquiry Fill the Form