Hybrid Electric Vehicle (HEV) Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 203.56 Billion
CAGR (2026-2031)	6.41%
Fastest Growing Segment	FHEV
Largest Market	Asia Pacific
Market Size (2031)	USD 295.52 Billion

Market Overview

The Global Hybrid Electric Vehicle (HEV) Market will grow from USD 203.56 Billion in 2025 to USD 295.52 Billion by 2031 at a 6.41% CAGR. Hybrid Electric Vehicles (HEVs) integrate an internal combustion engine with an electric propulsion system, utilizing regenerative braking to recharge the battery without the need for external plug-in infrastructure. The market is primarily propelled by stringent global emission regulations and a resilient consumer preference for fuel-efficient mobility that mitigates the range anxiety often associated with fully electric models. This technology serves as a critical transition solution, offering immediate carbon reduction while charging networks mature. Validating this strong demand, according to the European Automobile Manufacturers’ Association, in December 2024, hybrid electric vehicle registrations in the European Union grew by 33.1 percent.

However, future expansion faces a significant impediment arising from the aggressive global policy shift toward Battery Electric Vehicles (BEVs). Governments increasingly prioritize strict zero-emission mandates, frequently excluding standard hybrids from the lucrative financial incentives and subsidies reserved for plug-in technologies. This regulatory environment, coupled with the automotive industry's long-term commitment to complete electrification, threatens to constrain HEV market potential as manufacturers redirect capital investment toward fully electric architectures to meet future compliance standards.

Key Market Drivers

The Strategic Expansion of Hybrid Portfolios by Leading Automotive OEMs serves as a primary catalyst for market growth, driven by a pragmatic industry pivot toward electrification that balances immediate carbon reduction with profitability. Manufacturers are increasingly prioritizing hybrid architectures as a long-term bridge rather than a temporary stopgap, responding to cooling demand for fully electric models. By enhancing hybrid production capacities and diversifying model lineups, automakers are successfully capitalizing on the technology's lower manufacturing costs and higher profit margins compared to battery electric equivalents. This strategic realignment is evident in the performance of major players; according to Toyota Motor Corporation, in January 2025, the company reported that its global sales of hybrid electric vehicles for the full year 2024 increased by 21 percent to reach 4.14 million units, underscoring the commercial viability of this approach.

Concurrently, the Mitigation of Range Anxiety Associated with Battery Electric Vehicles significantly influences consumer adoption, positioning hybrids as the preferred low-emission alternative for buyers hesitant about charging logistics. The hybrid powertrain eliminates the dependency on inadequate public charging infrastructure while delivering superior fuel economy, effectively addressing the "range anxiety" that continues to impede pure electric vehicle penetration. This resilient consumer preference has secured a substantial market foothold for the technology across major regions. According to the European Automobile Manufacturers’ Association, in January 2025, hybrid electric vehicles captured a 30.9 percent share of the total EU car market in 2024, solidifying their status as the second-most popular powertrain after petrol. Similarly, in the United States, according to Ford Motor Company, in October 2024, hybrid vehicle sales surged by 38 percent in the third quarter, further validating the robust global demand for this propulsion technology.

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Key Market Challenges

The aggressive global policy shift toward Battery Electric Vehicles (BEVs) represents a significant impediment to the expansion of the Global Hybrid Electric Vehicle (HEV) Market. Governments are increasingly enforcing zero-emission mandates that exclude standard hybrids from financial incentives, thereby distorting market dynamics. This regulatory framework forces automotive manufacturers to redirect massive capital investments away from hybrid powertrains to meet strict compliance targets for fully electric architectures. Consequently, the availability and competitiveness of new hybrid models are constrained, as the industry prioritizes technologies that align with long-term legislative goals over those that offer immediate transitional benefits.

This policy-driven disparity is evident in markets enforcing stringent electrification quotas. For instance, according to the Society of Motor Manufacturers and Traders, in September 2024, the United Kingdom saw Battery Electric Vehicle registrations surge by 24.4 percent, largely fueled by fleet mandates, whereas the Hybrid Electric Vehicle segment recorded a comparatively modest growth of 2.6 percent. Such statistics illustrate how regulatory mechanisms directly channel demand and supply toward fully electric options, effectively hampering the organic growth potential of the hybrid market despite consumer interest in the technology.

Key Market Trends

The Resurgence of Plug-in Hybrid Electric Vehicles (PHEVs) in Key Markets signifies a market correction where the technology is re-evaluated as a primary growth engine rather than a mere transition. Unlike standard hybrids, PHEVs are receiving renewed engineering focus in regions like China to deliver extended electric-only ranges that satisfy zero-emission zones while retaining long-distance utility. This shift allows manufacturers to bridge infrastructure gaps while meeting tightening fleet emission targets, effectively positioning plug-in models as a superior alternative to battery electric vehicles in developing networks. Validating this trajectory, according to the China Association of Automobile Manufacturers, in January 2025, in its monthly industry data release, plug-in hybrid sales in China surged by 70.9 percent year-on-year in December 2024 to reach 622,000 units.

Simultaneously, the Expansion of Hybrid Powertrains into SUV and Pickup Truck Segments represents a strategic pivot to decarbonize the industry’s heaviest and most profitable vehicle classes. Moving beyond compact architectures, automakers are deploying high-torque hybrid systems in large trucks to comply with strict fuel economy standards without sacrificing the towing capacity and payload performance required by commercial users. This application of electrification ensures the continued viability of large-displacement models facing regulatory pressure. Highlighting this segment-specific growth, according to Ford Motor Company, in January 2025, in the 'Fourth Quarter 2024 U.S. Sales' report, the company announced that its hybrid truck sales increased by 40 percent in 2024, totaling 187,426 units.

Segmental Insights

Based on recent market assessments, the Full Hybrid Electric Vehicle (FHEV) segment has emerged as the fastest-growing category within the Global Hybrid Electric Vehicle market. This accelerated expansion is primarily driven by the technology's ability to deliver significant fuel efficiency and reduced emissions without requiring consumers to alter their driving habits or rely on external charging infrastructure. Unlike Plug-in Hybrid Electric Vehicles, FHEVs offer a self-charging solution that effectively eliminates range anxiety, making them a highly attractive option in regions where charging networks are still developing. Consequently, automotive manufacturers are increasingly prioritizing FHEV models to meet this surging consumer demand while adhering to stricter environmental regulations.

Regional Insights

Asia Pacific holds a dominant position in the Global Hybrid Electric Vehicle market, driven by robust manufacturing infrastructure and stringent emission regulations. Nations like Japan and China actively promote market expansion through legislative frameworks that prioritize fuel efficiency. Specifically, China’s Ministry of Industry and Information Technology enforces fuel consumption credits that compel manufacturers to increase hybrid vehicle output. Furthermore, the region benefits from the established production networks of major automotive companies, ensuring steady supply to meet the rising consumer demand for economical and environmentally compliant transportation options.

Recent Developments

In December 2025, Ford Motor Company announced a significant strategic shift, prioritizing hybrid technologies over certain all-electric vehicle initiatives. The company revealed plans to introduce a new family of extended-range electric vehicles (EREVs) and expanded hybrid options for its best-selling F-Series trucks. Concurrently, Ford cancelled the development of a previously announced three-row electric SUV, citing the need to offer more affordable and longer-range solutions demanded by consumers. This realignment, which involves a pre-tax charge of approximately $19.5 billion, underscores the automaker's commitment to hybrid powertrains as a critical component of its long-term decarbonization and profitability strategy.
In July 2024, Mazda North American Operations announced the pricing and packaging for the 2025 CX-50 Hybrid, marking a key expansion of its electrified portfolio. The vehicle features a hybrid powertrain developed in collaboration with Toyota, delivering a combined output of 219 horsepower and an EPA-estimated 38 mpg. Available in Preferred, Premium, and Premium Plus trims, the model includes standard all-wheel drive and specific drive modes for towing and off-road conditions. This product launch addresses the growing consumer demand for fuel-efficient SUVs, offering over 100 miles of additional range compared to the non-hybrid version while maintaining the brand's driving dynamics.
In May 2024, Renault Group and Geely officially established a joint venture named HORSE Powertrain Limited to lead the global hybrid and combustion powertrain market. Headquartered in London with each company holding a 50% stake, the new entity targets an annual revenue of approximately €15 billion and an output of five million powertrain units. The collaboration focuses on developing and supplying highly efficient hybrid systems, internal combustion engines, and transmissions to multiple automotive brands worldwide. This strategic partnership combines the technological expertise and industrial footprint of both automakers to accelerate the transition to low-emission hybrid mobility solutions.
In May 2024, BYD launched its fifth-generation DM (Dual Mode) hybrid technology, achieving a record-breaking engine thermal efficiency of 46.06%. This breakthrough innovation, debuted in the Qin L DM-i and Seal 06 DM-i models, offers a fuel consumption as low as 2.9 liters per 100 kilometers and a comprehensive combined range of 2,100 kilometers. The company highlighted that this next-generation system represents a significant advancement in plug-in hybrid performance, significantly outperforming traditional fuel vehicles. The technology utilizes an intelligent power management strategy and a high-efficiency electric hybrid system to redefine standards in the global hybrid electric vehicle market.

Key Market Players

Toyota Motor
Honda Motor
Hyundai Motor
Kia Corporation
Ford Motor
General Motors
Nissan Motor
BMW AG
Mercedes-Benz Group
Stellantis NV

By Hybridization Type	By Vehicle Type	By Powertrain	By Propulsion	By Region
MHEV FHEV	PC LCV M&HCV	Parallel Hybrid Series-Parallel Hybrid Series Hybrid	Diesel Hybrid Petrol Hybrid	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Hybrid Electric Vehicle (HEV) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Hybrid Electric Vehicle (HEV) Market, By Hybridization Type:

MHEV
FHEV

Hybrid Electric Vehicle (HEV) Market, By Vehicle Type:

PC
LCV
M&HCV

Hybrid Electric Vehicle (HEV) Market, By Powertrain:

Parallel Hybrid
Series-Parallel Hybrid
Series Hybrid

Hybrid Electric Vehicle (HEV) Market, By Propulsion:

Diesel Hybrid
Petrol Hybrid

Hybrid Electric Vehicle (HEV) Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hybrid Electric Vehicle (HEV) Market.

Available Customizations:

Global Hybrid Electric Vehicle (HEV) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Hybrid Electric Vehicle (HEV) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Hybrid Electric Vehicle (HEV) Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Hybridization Type (MHEV, FHEV)

5.2.2. By Vehicle Type (PC, LCV, M&HCV)

5.2.3. By Powertrain (Parallel Hybrid, Series-Parallel Hybrid, Series Hybrid)

5.2.4. By Propulsion (Diesel Hybrid, Petrol Hybrid)

5.2.5. By Region

5.2.6. By Company (2025)

5.3. Market Map

6. North America Hybrid Electric Vehicle (HEV) Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Hybridization Type

6.2.2. By Vehicle Type

6.2.3. By Powertrain

6.2.4. By Propulsion

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Hybrid Electric Vehicle (HEV) Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Hybridization Type

6.3.1.2.2. By Vehicle Type

6.3.1.2.3. By Powertrain

6.3.1.2.4. By Propulsion

6.3.2. Canada Hybrid Electric Vehicle (HEV) Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Hybridization Type

6.3.2.2.2. By Vehicle Type

6.3.2.2.3. By Powertrain

6.3.2.2.4. By Propulsion

6.3.3. Mexico Hybrid Electric Vehicle (HEV) Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Hybridization Type

6.3.3.2.2. By Vehicle Type

6.3.3.2.3. By Powertrain

6.3.3.2.4. By Propulsion

7. Europe Hybrid Electric Vehicle (HEV) Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Hybridization Type

7.2.2. By Vehicle Type

7.2.3. By Powertrain

7.2.4. By Propulsion

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Hybrid Electric Vehicle (HEV) Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Hybridization Type

7.3.1.2.2. By Vehicle Type

7.3.1.2.3. By Powertrain

7.3.1.2.4. By Propulsion

7.3.2. France Hybrid Electric Vehicle (HEV) Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Hybridization Type

7.3.2.2.2. By Vehicle Type

7.3.2.2.3. By Powertrain

7.3.2.2.4. By Propulsion

7.3.3. United Kingdom Hybrid Electric Vehicle (HEV) Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Hybridization Type

7.3.3.2.2. By Vehicle Type

7.3.3.2.3. By Powertrain

7.3.3.2.4. By Propulsion

7.3.4. Italy Hybrid Electric Vehicle (HEV) Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Hybridization Type

7.3.4.2.2. By Vehicle Type

7.3.4.2.3. By Powertrain

7.3.4.2.4. By Propulsion

7.3.5. Spain Hybrid Electric Vehicle (HEV) Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Hybridization Type

7.3.5.2.2. By Vehicle Type

7.3.5.2.3. By Powertrain

7.3.5.2.4. By Propulsion

8. Asia Pacific Hybrid Electric Vehicle (HEV) Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Hybridization Type

8.2.2. By Vehicle Type

8.2.3. By Powertrain

8.2.4. By Propulsion

8.2.5. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Hybrid Electric Vehicle (HEV) Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Hybridization Type

8.3.1.2.2. By Vehicle Type

8.3.1.2.3. By Powertrain

8.3.1.2.4. By Propulsion

8.3.2. India Hybrid Electric Vehicle (HEV) Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Hybridization Type

8.3.2.2.2. By Vehicle Type

8.3.2.2.3. By Powertrain

8.3.2.2.4. By Propulsion

8.3.3. Japan Hybrid Electric Vehicle (HEV) Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Hybridization Type

8.3.3.2.2. By Vehicle Type

8.3.3.2.3. By Powertrain

8.3.3.2.4. By Propulsion

8.3.4. South Korea Hybrid Electric Vehicle (HEV) Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Hybridization Type

8.3.4.2.2. By Vehicle Type

8.3.4.2.3. By Powertrain

8.3.4.2.4. By Propulsion

8.3.5. Australia Hybrid Electric Vehicle (HEV) Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Hybridization Type

8.3.5.2.2. By Vehicle Type

8.3.5.2.3. By Powertrain

8.3.5.2.4. By Propulsion

9. Middle East & Africa Hybrid Electric Vehicle (HEV) Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Hybridization Type

9.2.2. By Vehicle Type

9.2.3. By Powertrain

9.2.4. By Propulsion

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Hybrid Electric Vehicle (HEV) Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Hybridization Type

9.3.1.2.2. By Vehicle Type

9.3.1.2.3. By Powertrain

9.3.1.2.4. By Propulsion

9.3.2. UAE Hybrid Electric Vehicle (HEV) Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Hybridization Type

9.3.2.2.2. By Vehicle Type

9.3.2.2.3. By Powertrain

9.3.2.2.4. By Propulsion

9.3.3. South Africa Hybrid Electric Vehicle (HEV) Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Hybridization Type

9.3.3.2.2. By Vehicle Type

9.3.3.2.3. By Powertrain

9.3.3.2.4. By Propulsion

10. South America Hybrid Electric Vehicle (HEV) Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Hybridization Type

10.2.2. By Vehicle Type

10.2.3. By Powertrain

10.2.4. By Propulsion

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Hybrid Electric Vehicle (HEV) Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Hybridization Type

10.3.1.2.2. By Vehicle Type

10.3.1.2.3. By Powertrain

10.3.1.2.4. By Propulsion

10.3.2. Colombia Hybrid Electric Vehicle (HEV) Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Hybridization Type

10.3.2.2.2. By Vehicle Type

10.3.2.2.3. By Powertrain

10.3.2.2.4. By Propulsion

10.3.3. Argentina Hybrid Electric Vehicle (HEV) Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Hybridization Type

10.3.3.2.2. By Vehicle Type

10.3.3.2.3. By Powertrain

10.3.3.2.4. By Propulsion

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Hybrid Electric Vehicle (HEV) Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Toyota Motor

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Honda Motor

15.3. Hyundai Motor

15.4. Kia Corporation

15.5. Ford Motor

15.6. General Motors

15.7. Nissan Motor

15.8. BMW AG

15.9. Mercedes-Benz Group

15.10. Stellantis NV

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

List of Figures

Figure1: Global Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure2: Global Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure3: Global Hybrid Electric Vehicle Market Share, By Hybridization Type, By Volume, 2017-2027F

Figure4: Global Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure5: Global Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure6: Global Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure7: Global Hybrid Electric Vehicle Market Share, By Region, By Volume, 2017-2027F

Figure8: Global Hybrid Electric Vehicle Market Share, By Company, By Value, 2021

Figure9: Global Hybrid Electric Vehicle Market Map, By Hybridization Type, Market Size (Thousand Units) & Growth Rate (%)

Figure10: Global Hybrid Electric Vehicle Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure11: Global Hybrid Electric Vehicle Market Map, By Powertrain Type Market Size (Thousand Units) & Growth Rate (%)

Figure12: Global Hybrid Electric Vehicle Market Map, By Propulsion Type, Market Size (Thousand Units) & Growth Rate (%)

Figure13: Global Hybrid Electric Vehicle Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%)

Figure14: Asia-Pacific Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure15: Asia-Pacific Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure16: Asia-Pacific Hybrid Electric Vehicle Market Share, By Hybridization Type , By Volume, 2017-2027F

Figure17: Asia-Pacific Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure18: Asia-Pacific Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure19: Asia-Pacific Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure20: Asia-Pacific Hybrid Electric Vehicle Market Share, By Country, By Volume, 2017-2027F

Figure21: Asia-Pacific Hybrid Electric Vehicle Market Map, By Hybridization Type, Market Size (Thousand Units) & Growth Rate (%)

Figure22: Asia-Pacific Hybrid Electric Vehicle Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure23: China Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure24: China Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure25: China Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure26: China Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure27: China Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure28: China Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure29: Japan Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure30: Japan Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure31: Japan Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure32: Japan Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure33: Japan Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure34: Japan Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure35: South Korea Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure36: South Korea Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure37: South Korea Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure38: South Korea Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure39: South Korea Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure40: South Korea Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure41: India Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure42: India Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure43: India Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure44: India Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure45: India Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure46: India Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure47: Australia Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure48: Australia Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure49: Australia Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure50: Australia Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure51: Australia Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure52: Australia Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure53: Europe Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure54: Europe Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure55: Europe Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure56: Europe Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure57: Europe Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure58: Europe Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure59: Europe Hybrid Electric Vehicle Market Share, By Country, By Volume, 2017-2027F

Figure60: Europe Hybrid Electric Vehicle Market Map, By Hybridization Type, Market Size (Thousand Units) & Growth Rate (%)

Figure61: Europe Hybrid Electric Vehicle Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure62: Germany Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure63: Germany Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure64: Germany Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure65: Germany Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure66: Germany Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure67: Germany Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure68: France Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure69: France Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure70: France Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure71: France Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure72: France Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure73: France Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure74: United Kingdom Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure75: United Kingdom Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure76: United Kingdom Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure77: United Kingdom Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure78: United Kingdom Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure79: United Kingdom Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure80: Italy Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure81: Italy Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure82: Italy Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure83: Italy Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure84: Italy Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure85: Italy Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure86: Spain Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure87: Spain Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure88: Spain Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure89: Spain Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure90: Spain Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure91: Spain Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure92: Netherland Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure93: Netherland Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure94: Netherland Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure95: Netherland Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure96: Netherland Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure97: Netherland Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure98: Norway Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure99: Norway Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure100: Norway Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure101: Norway Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure102: Norway Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure103: Norway Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure104: Sweden Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure105: Sweden Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure106: Sweden Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure107: Sweden Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure108: Sweden Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure109: Sweden Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure110: North America Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure111: North America Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure112: North America Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure113: North America Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure114: North America Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure115: North America Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure116: North America Hybrid Electric Vehicle Market Share, By Country, By Volume, 2017-2027F

Figure117: North America Hybrid Electric Vehicle Market Map, By Hybridization Type, Market Size (Thousand Units) & Growth Rate (%)

Figure118: North America Hybrid Electric Vehicle Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure119: United States Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure120: United States Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure121: United States Hybrid Electric Vehicle Market Share, By Hybridization Type , By Volume, 2017-2027F

Figure122: United States Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure123: United States Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure124: United States Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure125: Canada Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure126: Canada Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure127: Canada Hybrid Electric Vehicle Market Share, By Hybridization Type , By Volume, 2017-2027F

Figure128: Canada Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure129: Canada Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure130: Canada Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure131: Mexico Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure132: Mexico Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure133: Mexico Hybrid Electric Vehicle Market Share, By Hybridization Type , By Volume, 2017-2027F

Figure134: Mexico Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure135: Mexico Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure136: Mexico Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure137: South America Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure138: South America Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure139: South America Hybrid Electric Vehicle Market Share, By Hybridization Type, By Volume, 2017-2027F

Figure140: South America Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure141: South America Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure142: South America Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure143: South America Hybrid Electric Vehicle Market Share, By Country, By Volume, 2017-2027F

Figure144: South America Hybrid Electric Vehicle Market Map, By Hybridization Type, Market Size (Thousand Units) & Growth Rate (%)

Figure145: Brazil Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure146: Brazil Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure147: Brazil Hybrid Electric Vehicle Market Share, By Hybridization Type , By Volume, 2017-2027F

Figure148: Brazil Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure149: Brazil Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure150: Brazil Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure151: Argentina Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure152: Argentina Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure153: Argentina Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure154: Argentina Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure155: Argentina Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure156: Argentina Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure157: Colombia Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure158: Colombia Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure159: Colombia Hybrid Electric Vehicle Market Share,By Hybridization Type, By Volume, 2017-2027F

Figure160: Colombia Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure161: Colombia Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure162: Colombia Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure163: Middle East & Africa Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure164: Middle East & Africa Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure165: Middle East & Africa Hybrid Electric Vehicle Market Share,By Hybridization Type , By Volume, 2017-2027F

Figure166: Middle East & Africa Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure167: Middle East & Africa Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure168: Middle East & Africa Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure169: Middle East & Africa Hybrid Electric Vehicle Market Share, By Country, By Volume, 2017-2027F

Figure170: Middle East & Africa Hybrid Electric Vehicle Market Map, By Hybridization Type, Market Size (Thousand Units) & Growth Rate (%)

Figure171: UAE Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure172: UAE Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure173: UAE Hybrid Electric Vehicle Market Share, By Hybridization Type , By Volume, 2017-2027F

Figure174: UAE Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure175: UAE Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure176: UAE Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure177: Saudi Arabia Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure178: Saudi Arabia Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure179: Saudi Arabia Hybrid Electric Vehicle Market Share, By Hybridization Type , By Volume, 2017-2027F

Figure180: Saudi Arabia Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure181: Saudi Arabia Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure182: Saudi Arabia Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Figure183: South Africa Hybrid Electric Vehicle Market Size, By Volume (Thousand Units), 2017-2027F

Figure184: South Africa Hybrid Electric Vehicle Market Size, By Value (USD Billion), 2017-2027F

Figure185: South Africa Hybrid Electric Vehicle Market Share, By Hybridization Type , By Volume, 2017-2027F

Figure186: South Africa Hybrid Electric Vehicle Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure187: South Africa Hybrid Electric Vehicle Market Share, By Powertrain Type, By Volume, 2017-2027F

Figure188: South Africa Hybrid Electric Vehicle Market Share, By Propulsion Type, By Volume, 2017-2027F

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Hybrid Electric Vehicle (HEV) Market in 2025?

Which is the dominating region in the Global Hybrid Electric Vehicle (HEV) Market?

Which is the fastest growing segment in the Global Hybrid Electric Vehicle (HEV) Market?

What is the expected growth rate of the Global Hybrid Electric Vehicle (HEV) Market?