What you need to know

In the last few years, hybrid and electric cars were positioned as the vehicles of the future, but recent changes in the new-car market and the overall industry have slowed the growth of these segments. Falling fuel prices and a rekindled consumer love for SUVs are among the barriers to growth in these segments. So, too, are technical challenges, such as insufficient support infrastructure and the lack of increased ranges for electric vehicles. This report covers the challenges this market faces, along with consumers who are likely to consider hybrid and electric cars as well as their attitudes toward such cars.

Definition

For the purposes of this report, Mintel defines the hybrid and electric vehicle market as including passenger vehicles (cars and light trucks), that are based on the following technologies:

  • Hybrid electric vehicle (HEV)

  • Plug-in hybrid electric vehicle (PHEV)

  • Electric vehicle (EV)

The following alternative fuel technologies are discussed in the report but are not considered part of the hybrid and electric market:

  • Diesel

  • Compressed natural gas (CNG)

  • Fuel cell vehicle (FCV)

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