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The hybrid electric vehicle (HEV) market size is forecast to increase by USD 456.4 billion at a CAGR of 23.87% between 2024 and 2028. The market is experiencing significant growth due to the push toward the adoption of eco-friendly vehicles, driven by increasing environmental concerns and stringent emissions regulations. Fuel cell HEVs, which utilize hydrogen as an alternative fuel, represent an upcoming trend in the market, offering zero-emission mobility and extended driving ranges. However, the high total cost of ownership of HEVs remains a challenge, which is being addressed through technological advancements and government incentives. These factors, among others, are shaping the future growth dynamics of the global HEV market.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Propulsion
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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