The year 2009 has so far been witnessing negative trend in the overall automobile sales, affected by the ongoing global economic crisis. Yet, hybrid cars have emerged as a highly lucrative segment, defying the current economic downturn, owing to the rising energy costs and stringent emissions regulations, says our new report, “Hybrid Car Market Forecast to 2012”. According to the report, governments of various countries have been offering promotional initiatives and legislative regulations that provide tax credits and concessions to users of environmental friendly vehicles, aimed at reduction of oil dependencies.
“Increasing levels of carbon emission has become the major concern for the governments worldwide that continue to force leading players such as Honda and Toyota to launch new hybrid models in the global markets,” says a Sr. Analyst at RNCOS.
However, one of the prime reasons for the low uptake of hybrid cars has been the high cost associated with these cars. But our research has found that with the increasing research and developments aimed at introduction of advanced hybrid technology and increasing production volumes, cost disparities between hybrids and conventional light vehicles will come down substantially during 2009-2012.
On the regional front, U.S. continue to dominate the hybrid sales volume; however, its share has been witnessing gradual decrease over the recent past as demand in other markets in Europe and Asia starts to strike-off, identifies the report.
Projecting global sales CAGR pegged at around 20% during 2009-2012, “Hybrid Car Market Forecast to 2012” provides extensive study and in-depth analysis on the primary markets for hybrid sales during 2009-2012. The growth projections are based on the rational analysis of the current as well as future developments across various key and emerging markets. The report reviews both the global and the national hybrid car markets, giving analytical and statistical information on those markets. Moreover, impact of global recession has been considered while making future projections. The comprehensive study will assist clients to capitalize on emerging opportunities in the worldwide hybrid car market.
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About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.
