Global Hybrid & Electric Vehicles (HEV) Markets to 2022: Analysis by Type, Vehicle Segment and Region – ResearchAndMarkets.com

The “Global Hybrid and Electric Vehicles by Type, Vehicle Segment and Region, 4th Edition” report has been added to ResearchAndMarkets.com’s offering.

Global demand for hybrid and electric vehicles is forecast to rise 23% per annum through 2022. Diverse incentives packages, HEV deployment targets, and increasingly stringent air and emissions standards in many major markets will contribute to ongoing sales gains.

Factors driving HEV sales through 2022 include:

  • increasingly stringent air and emissions standards in many major markets
  • rising concern regarding greenhouse gas emissions (GHG) and clean energy efforts designed to combat global climate change
  • ongoing efforts to expand charging and fueling station infrastructure
  • various and diverse incentives packages

Key Findings

China to Post Largest, Fastest Gains

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 

China will register the fastest and largest sales gains, accounting for more than 70% of new sales through 2022, when it will surpass Japan to become the leading global HEV market. Medium- and heavy-duty vehicles account for a disproportionate share of sales compared to other national markets and reflect public HEV procurement efforts in an effort to address concerns regarding air quality and vehicle emissions in major city centers.

Healthy Outlook in Western Europe

Despite their status as more mature HEV markets, many West European nations will register some of the fastest average annual gains through 2022, and collectively, they will account for the second largest share of new sales. Regional purchases will be buoyed by participation in the 2016 Paris Agreement, with a reduction of vehicle emissions one way of achieving overall GHG emissions reduction goals.

Electric Vehicles to Post Faster Gains, Hybrid Vehicles to Account for Slightly Larger Gains

Electric vehicles (EVs) registered torrid growth between 2012 and 2017, expanding more than 13-fold to 980,000 units in 2017. Through 2022, EVs are forecast to continue to outperform hybrid vehicles, with sales buoyed by:

  • increasing vehicle range and the rising number of available models
  • falling lithium-ion battery prices, which lower overall vehicle costs to consumers
  • diverse incentives and subsidies, many of which favor EVs over hybrids
  • ongoing efforts to expand domestic charging infrastructure

Nevertheless, hybrids -including full hybrid (FHEV) and plug-in hybrid (PHEV) vehicles- will still account for slightly more than half of new HEV sales in 2022, boosted by:

  • greater accessibility of FHEVs to those in developing areas with poor access to electricity or charging infrastructure
  • a shift in policy in the large Chinese market toward FHEVs

Study Coverage

This industry study presents historical demand data (2012 and 2017) and forecasts for 2022 and 2027 by vehicle type (full hybrid, plug-in hybrid, battery electric, and fuel cell electric), country, and vehicle segment (light vehicles and medium- & heavy-duty vehicles).

The study also evaluates company market share and provides analysis of key players that include:

  • BAIC
  • BMW
  • BYD
  • Ford
  • Geely
  • Honda
  • Hyundai-Kia
  • The Renault-Nissan-Mitsubishi Alliance
  • Tesla
  • Toyota

For more information about this report visit https://www.researchandmarkets.com/research/qvtzvl/global_hybrid_and?w=4

ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Electric
and Hybrid Vehicles

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
Close
Stay Updated To Save Money & Time. Join Our Free Newsletter. 
. Indepth Analysis & Opinion       Interviews          . Exclusive Reports 
. Free Digital Magazines        . News & updates        . Event Invitations
& Much More Delivered To Your Inbox For Free. 
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
 
Close