RNCOS White Paper - Global Hybrid Cars Sales to Reach 4.7 Million Units by 2017
RNCOS White Paper: Global Hybrid Cars Sales to Reach 4.7 Million
Units by 2017
The hybrid car sales market is anticipated to grow at a CAGR of around 11.5% during 20132017 to reach 4.72 Million Units by the end of 2017, says RNCOS.
Global hybrid cars are gaining acceptance as consumers across the globe seek to lower their
fuel expenditure and manufacturers are compelled to decrease vehicle CO2 emissions. In
2011, hybrid car sales were pegged at 2.5 Million Units and the number is estimated to reach
around 3 Million Units by the end of 2013. In future, the hybrid car sales market is anticipated
to grow at a CAGR of around 11.5% during 2013-2017 to reach 4.72 Million Units by the end of
Highlighting the huge opportunities in the Multi Billion dollar market, Shushmul Maheshwari,
CEO - RNCOS said that increasing global oil consumption leading to shrinking fuel reserves,
rising awareness of the environmental issues and growing concern over the increasing carbon
emissions, volatile oil prices and changing consumers’ preferences are the major driving
factors for the industry.
Our analysis suggests that over the next 5-7 years, the hybrid car sales growth will grow with
advancement in technology. With the time and research on the development of the battery
systems of hybrid cars, the overall cost of batteries and total cost of ownership is expected to
decrease significantly. By 2017, it is expected that the total cost of ownership of plug-in
hybrid electric vehicles with a battery will be lower than an internal combustion engine
vehicle. Besides, this government funding and tax exemptions will fuel growth in the hybrid
Global hybrid car market is largely untapped, especially in the developing regions providing
huge growth opportunities. RNCOS acts as your growth partner in all your business endeavors,
be it product launching, geographic expansion, sales improvement, distributor/retailer tieups etc. We help make your business flourish by studying the market dynamics, collating with
your business and devising the right strategies.
To get a complimentary copy of the white paper, please visit: http://rncos.com/IndustryWhitepapers.htm
RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer
in syndicate market research, our vision is to be a global leader in the industry research space
by providing research reports and actionable insights to companies across a range of
industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive
industry research studies, bespoke research and consultancy services to Fortune 1000, Trade
associations, and Government agencies worldwide.
RNCOS E-Services Pvt. Ltd.
B-129, Sector 6 Noida - 201301