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The Green Vehicle market is composed of Electric and Hybrid Vehicles, which are becoming increasingly popular due to their environmental benefits. Electric Vehicles (EVs) are powered solely by electricity, while Hybrid Vehicles (HVs) combine a traditional combustion engine with an electric motor. EVs are typically more expensive than HVs, but they offer greater fuel efficiency and lower emissions. HVs are more affordable and offer a smoother transition from traditional vehicles.
Both EVs and HVs are becoming increasingly popular due to their environmental benefits, such as reduced emissions and improved fuel efficiency. Governments around the world are offering incentives to encourage the adoption of green vehicles, such as tax credits and subsidies. Additionally, automakers are investing heavily in the development of green vehicles, with many offering a wide range of models.
Some of the major companies in the Green Vehicle market include Tesla, Nissan, Toyota, Honda, Ford, Volkswagen, and BMW. Show Less Read more
