Hybrid and Electric Cars Market Summary, Competitive Analysis and Forecast, 2017-2026


Global Hybrid & Electric Cars industry profile provides top-line qualitative and quantitative summary information including: Market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.

Key Highlights

  • The hybrid and electric cars market consists of the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s and other related vehicles.
  • The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold.
  • The electric cars segment refers to all-electric vehicles only, namely Battery Electric Vehicles (BEVs).
  • The hybrid cars segment refers to all types of hybrid electric cars such as full - standard Hybrid Electric Vehicles (HEVs), mild and plug-in hybrid electric vehicles (PHEVs). Other alternative fuel vehicles (e.g. LPG, Hydrogen fuel cell or 48vMEHVs) are not included.
  • All market data and forecasts are represented in nominal terms (i.e. without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
  • Forecast figures presented in this report are calculated using trend growth and countries macroeconomic performance.
  • The global hybrid & electric cars market had total revenues of $384.9bn in 2021, representing a compound annual growth rate (CAGR) of 36.8% between 2016 and 2021.
  • Market consumption volume increased with a CAGR of 37.4% between 2016 and 2021, to reach a total of 13,232.7 thousand units in 2021.
  • The value of the global hybrid & electric cars market grew by 45% in 2021.


  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global hybrid & electric cars Market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global hybrid & electric cars Market
  • Leading company profiles reveal details of key hybrid & electric cars Market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the global hybrid & electric cars Market with five year forecasts by both value and volume

Reasons To Buy

  • What was the size of the global hybrid & electric cars Market by value in 2021?
  • What will be the size of the global hybrid & electric cars Market in 2026?
  • What factors are affecting the strength of competition in the global hybrid & electric cars Market?
  • How has the Market performed over the last five years?
  • What are the main segments that make up the global hybrid & electric cars Market?