Global Hybrid Car Market Expected to Grow at a Rate of 18.92 Percent in the Next 3 Years

Global Hybrid Car Market Expected to Grow at a Rate of 18.92 Percent in the Next 3 Years PR Newswire NEW YORK, LONDON, BERLIN, PARIS, July 24, 2012 NEW YORK, LONDON, BERLIN, PARIS, July 24, 2012 /PRNewswire/ -- The Global Hybrid Car market to grow at a CAGR of 18.92 percent in terms of units sold over the period 2011-2015. One of the key factors for this growth is the increasing global oil consumption. The Global Hybrid Car market has also been witnessing an increase in initiatives by governments to create awareness and acceptance of hybrid cars. However, the high cost of hybrid cars is acting as a barrier to the market growth. The Global Hybrid Car Market report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Global Hybrid Car market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The scope of this report includes the market for hybrid electric vehicles (HEV) and plug-in electric vehicles (PHEV). Commenting on the report, an analyst from the publishing Automotive team said; ''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 will decrease.