Southeast Asia Hybrid Electric Vehicle Market 2024 - 2030: Market Trends

The Southeast Asia Hybrid Electric Vehicle Market is estimated to grow at a CAGR of around 18% during the forecast period, i.e., 2024-30.
Southeast Asia Hybrid Electric Vehicle Market Driver:
Surging Greenhouse Gas Emissions Across the Region to Propel Hybrid Vehicle Adoption – Rapid industrialization, urbanization, and economic development in countries like Thailand, Malaysia, Singapore, and others have led to increased energy consumption, primarily reliant on fossil fuels such as coal & natural gas. The expanding transportation sector, characterized by a growing number of vehicles on the roads, exacerbated emissions from burning gasoline & diesel. For instance, in 2022, the transport sector contributed about 15% to total greenhouse gas emissions in Indonesia.
With the rising greenhouse gas emissions, government bodies in countries such as Thailand, Indonesia, and Malaysia have started focusing on reforms for mitigating greenhouse gas emissions in their respective countries. This led governments to provide subsidies & incentives to consumers for adopting hybrid vehicles, thus boosting the sales graph. Moreover, the rising consumer awareness regarding global warming is anticipated to further surge the adoption of hybrid vehicles among consumers, owing to their efficiency & pollution control, therefore driving the growth of the Southeast Asia Hybrid Electric Vehicle Market.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Southeast Asia Hybrid Electric Vehicle Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Vehicle Type
- Passenger Car- Market Size & Forecast 2019-2030, Thousand Units
- Commercial Vehicle- Market Size & Forecast 2019-2030, Thousand Units
- Two-wheeler-- Market Size & Forecast 2019-2030, Thousand Units
- By Electric Powertrain Type
- Series Hybrid- Market Size & Forecast 2019-2030, Thousand Units
- Parallel Hybrid- Market Size & Forecast 2019-2030, Thousand Units
- Parallel-Series Hybrid- Market Size & Forecast 2019-2030, Thousand Units
- By Degree of Hybridization
- Micro Hybrid- Market Size & Forecast 2019-2030, Thousand Units
- Mild Hybrid- Market Size & Forecast 2019-2030, Thousand Units
- Full Hybrid- Market Size & Forecast 2019-2030, Thousand Units
- Plug-in Hybrid- Market Size & Forecast 2019-2030, Thousand Units
- By Country
- Thailand
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Philippines
- Rest of Southeast Asia
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Toyota Motor Corporation, Honda Motor Company Limited, BMW Group, Hyundai Motor Company, Mitsubishi Motors Corporation MG Motor, Mazda Motor Corporation, BYD Co. Ltd, Nissan Motor Company, Audi AG, AB Volvo, PT Yamaha Indonesia, and Others
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