8/1/2023 0 Comments Plug hybrid electric vehiclesGlobal Plug-in Hybrid Electric Vehicle Market, Forecast to 2025, forms part of Frost & Sullivan’s Mobility: Automotive & Transportation Growth Partnership Service program. “Owing to their ability to provide internal combustion engines and EV advantages, the PHEV market is set for high demand and growth.” PHEVs have a better market than BEVs due to uncertainty in charging infrastructure,” said Frost & Sullivan Intelligent Mobility Research Analyst Pooja Bethi. “The stringent emission norms of 95 g CO2/km can only be met by PHEV technology, while EV battery technology evolves to overcome limitations. However, the phasing out of electric vehicle (EV) incentives, advent of long-range battery electric vehicles (BEVs), emergence of 48V mild hybrids, and the complexity of having two powertrains in a single vehicle may impede PHEV adoption. London – – From the imminent launch of 100 new models, favourable incentives, and emission target compliance, to sufficient battery capacity for daily driving ranges and consumer willingness to pay, plug-in hybrid vehicles (PHEVs) are ready for transformational growth. Long-range battery capabilities and emission target compliance opening up growth opportunities for PHEV versions, finds Frost & Sullivan’s Mobility team
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