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Technological Advancements in Hybrid Powertrains Accelerate Hybrid Electric Vehicle Market Expansion
The global Hybrid Electric Vehicle (HEV) market was valued at USD 577.8 billion in 2024 and is projected to reach USD 2,126.5 billion by 2035. The industry is expected to witness strong growth at a CAGR of 11.9% from 2025 to 2035, driven by rising demand for fuel-efficient vehicles, supportive government regulations promoting low-emission transportation, and increasing advancements in hybrid...
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