Mild Hybrid Vehicles Market - Current Analysis and Forecast [2028]
According to TechSci Research report, “ Global Mild Hybrid Vehicles Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Mild Hybrid Vehicles Market stood at USD 112.7 Billion in 2022 and is anticipated to grow with a CAGR of 16.43% in the forecast period, 2024-2028. The global mild hybrid vehicles market is witnessing a significant growth trajectory, driven by a multitude of factors. One of the key contributors to this growth is the rapid urbanization happening worldwide. As more and more people flock to cities, the demand for efficient and eco-friendly transportation options continues to rise. This demand is further fueled by increasing environmental concerns and the need to reduce greenhouse gas emissions. Additionally, stringent government regulations are playing a crucial role in shaping the market landscape. Governments around the world are implementing strict emission standards and incentiviz...