Mild Hybrid Vehicles Market By Services, Solution, Application, Business Analysis, Currents Trends,2020 - 2030
Mild Hybrid Vehicles Market : Introduction Mild hybrid electric vehicles employ an IC engine for propulsion and an electric motor to further enhance performance and efficiency. Small electric motors of mild hybrid vehicles are used solely to assist the engine. These vehicles use electric motors only to support the engine during acceleration and cruising. The electric motors cannot propel the vehicle. Key Drivers of Mild Hybrid Vehicles Market Increasing prices of fossil fuels due to the depletion in stocks and global politics coupled with awareness among people regarding emissions from I.C engines have boosted the sale of electric vehicles. The International Energy Agency stated in their Global EV Outlook 2020 that in 2019, more than 2.1 million sales of electric cars were recorded worldwide, with a 40% year-on-year growth. The mild hybrid vehicle is a viable alternative to the traditional I.C engine-powered vehicle, as it does not require significant modifications, which might r...