MarketLine Blog

Posts tagged to Hybrid cars

Europe will overtake the US in the electric and hybrid cars market, says MarketLine


The hybrid and electric cars market has seen strong growth globally as countries work to meet ambitious CO2 targets, rising at a compound annual growth rate (CAGR) of 12.6%. Scandinavian countries such as Sweden will enjoy exceptional growth forecast growth of 27.9% between 2016 and 2021, according to research firm MarketLine. The company’s latest report, however, states that the level of growth varies significantly between countries. Despite the fact that the US and Asia-Pacific have been leading the charge in the hybrid and electric cars market for the last five… Read more