Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about 13% from 2020 to 2027, reaching nearly US$ XX Mn.
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market: Overview
Plug-in Hybrid Electric vehicle use motor along with engine which is used in Internal Combustion engine. Plug-in Hybrid vehicle is eco-friendly and runs on electrical power which is stored in battery to assist engine run vehicle. Plug-in Hybrid vehicle depends on battery capacity. These vehicles can drive over extended distance.