2014-04-01 00:50:05 - Global Hybrid Car Market Outlook to 2017 - a new market research report on companiesandmarkets.com
The rapidly growing concerns over the need to reduce carbon emissions coupled with highly volatile oil prices have forced the global automobile players to invest massive amounts into the development of advanced and better alternative fuel vehicles over the recent past.The concept of hybrids has emerged as the most viable solution gaining considerable attention among the industry players. This trend is clearly visible from the fact that hybrid car sales worldwide showed a positive growth and is expected to reach around 3.7 Million units by the end of 2017 while touching a CAGR of around 21% during 2013-2017.
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