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Electric and Hybrid Cars Market, Share, Growth, Trends And Forecast To 2030 A hybrid electric car comprises an internal combustion engine and one or more electric motors that utilize energy stored in batteries to power the vehicle. A hybrid electric cannot be plugged in to charge the battery like other EVs. In hybrid electric car the battery is charged utilizing engine power and through regenerative braking. The additional power provided by the electric motor helps OEM to reduce the size of engine in their vehicles. The battery utilized in hybrid electric vehicle can also power additional equipment. These features result in better fuel economy without sacrificing performance. The strengthening of government rules and regulations toward reducing emissions from traditional internal combustion engine vehicles positively drives the consumer demand toward hybrid electric cars. As hybrid electric cars use two fuel sources, they can be switched to drive on electricity in areas where emission norms are stricter. Similarly, the vehicle can be shifted for use as fuel-powered when required. For instance, in April 2020, India Introduced BS6 norms, which outline a permissible level of pollutants from a vehicle, especially from a vehicle using diesel and petrol as fuel. In addition, the country introduced a vehicle scrapping policy that outlines that older commercial vehicles need to be re-registered after 15 years; if the vehicles are found unfit, they are expected to be scrapped. Rise in such strengthening emissions norms by the government positively affect the demand for hybrid electric cars. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/dxJbPjyy By Market Players: Toyota Volkswagen Nissan Tesla Tata Motors BMW Hyundai Ford Chevrolet KIA By Type Electric Vehicle (EV) Hybrid Vehicle (HV) By Application Passenger Car Commercial Vehicle

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