Tag Archives: Hybrid Powertrain Market Share

APAC to Witness Extensive Adoption of Hybrid Powertrain till 2024 | TechSci Research

According to TechSci Research report, ****** Hybrid Powertrain Market By Vehicle Type, By Component, By Region, Competition, Forecast & Opportunities, 2024, ****** hybrid powertrain market is projected to grow at a CAGR of more than 10% during the forecast period, on account of increasing demand for hybrid vehicles. Hybrid powertrain includes fuel and electrical powertrains. Declining prices of battery, technological advancements, environmental regulations and increasing prices of fuel are some of the other key factors that would have a positive impact on the market in the coming years. However, high production cost associated with the powertrain may impede the market growth.

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