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PHEV Industry Poised to Hit US$ 220.4 Bn by 2035 with Rising Automotive Electrification | #phev Industry

PHEV Industry Poised to Hit US$ 220.4 Bn by 2035 with Rising Automotive Electrification

PHEV Industry Poised to Hit US$ 220.4 Bn by 2035 with Rising Automotive Electrification

The market is divided into three categories based on configuration and drivetrain, which include parallel PHEVs, series PHEVs, and power-split PHEVs. The vehicles exist in different market segments, which consist of passenger cars, SUVs, and light commercial vehicles to meet various needs