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What is Global Hybrid and EV Market Overview about?

The global hybrid and electric vehicle (EV) market has evolved significantly since the introduction of the Toyota Prius in 1997, with key milestones including the rise of affordable EVs and government incentives driving growth. Despite challenges such as high costs, limited charging infrastructure, and environmental concerns regarding raw material sourcing, the market is projected to reach USD 1.32 trillion by 2030, with electric vehicles leading the charge. In India, the EV market is also expanding rapidly

Author

Pritam Kumar Mani

Language

EN