MRO Magazine

Hybrid Electric Vehicles Market in the US – Drivers and Trends Now Available from Technavio

July 31, 2015
By Business Wire News


Technavio has published a new report on the hybrid electric vehicles (HEVs) market in the US,which is expected to grow at a CAGR of more than 14% from 2015-2019.

Hybrid electric vehicles market segmentation by battery type

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different types of battery, including Li-ion battery HEVs and other battery HEVs.

The latest report by Technavio discusses HEVs with remote monitoring systems, which enable consumers to map their location and help them in navigating heavy traffic areas. HEVs are also equipped with a data acquisition system that helps monitor the abilities of the driver by reducing the possibility of an accident.

“Hybrid electric vehicles are also enabled with smartphone applications that help the driver locate nearby charging stations,” says Faisal Ghaus, Vice President of Technavio.

Hybrid electric vehicles: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the hybrid electric vehicles market in the US from 2015-2019. To calculate market size, the report considers the unit shipments of hybrid electric cars in the market.

Industry analysis includes:

  • Key Vendors:
    • Ford Motor Co.
    • Honda Motor Co. Ltd.
    • Hyundai Motor Co.
    • Toyota Motor Corp.
    • Volkswagen AG
  • Market Growth Drivers:
    • High Conversion Efficiency of Li-ion-fueled HEVs
    • Decreasing Cost of Li-ion Batteries
  • Market Challenges:
    • Threat from PHEVs
    • High Cost of HEVs
  • Market Trends:
    • Emergence of HEVs with Remote Monitoring Systems
    • Advantages of Li-ion Batteries

View the hybrid electric vehicles (HEVs) market in the US report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the electric vehicles market:

If you are interested in more information, please contact our media team at

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770