The Global Hybrid Vehicle Market was valued at USD 146.34 Billion in the year 2020. Surging global production of Automobile and Consumer Electronic and the increasing incorporation of Hybrid Vehicle are the significant elements stimulating the market expansion. With the increased disposable income in highly populated countries such as China, Japan and India, the adoption of Parallel Electric Powertrain technology has also improved significantly. The advancements in Hybrid Vehicles and the increased use of electronics devices drive the Hybrid Vehicle market. Furthermore,
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