Mild Hybrid Vehicles Market -Global Industry Analysis and Forecasts (2023-2029)

Mild Hybrid Vehicles Market is expected to reach US$ 242.60 Bn by 2029, at a CAGR of 17.12% during the forecast period.
Mild Hybrid Vehicles Market Dynamics.

The Automotive sector uses over a quarter of the world’s energy and is responsible for a major share of global 〖CO〗_2 emissions from fossil fuel combustion. Automotive sectors require both systemic and more specific technological solutions such as smart growth, urban planning for fewer motorized trips, increased modal share of non-motorized and public transport, shifting incentives to more efficient and less polluting modes and technologies such as electrical vehicles, mild hybrid vehicles, and hybrid vehicles. Mild hybrids vehicles are taking advantage of the best available and most fuel and energy-efficient technologies.