Furthermore, Plug-in hybrid electric vehicles possess the potential of reducing greenhouse gas emissions, with increased fuel efficiency and longer driving ranges, which are not limited by the capacity of the battery. Over the next decade, PHEVs are offered relatively lower lifecycle costs than hydrogen fuel-cell and internal combustion (IC) vehicles. This intimates a transformational growth for the global plug-in hybrid electric vehicles market. According to Renub Research, Plug-in Hybrid Electric Vehicles Market will reach 10.21 Million Units by 2030.


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