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The Hybrid Vehicle market is a subset of the Electric and Hybrid Vehicle market, which includes vehicles that use both an internal combustion engine and an electric motor. Hybrid vehicles are designed to reduce fuel consumption and emissions, while providing the convenience of a traditional gasoline-powered vehicle. Hybrid vehicles typically use a combination of regenerative braking, electric motors, and gasoline engines to power the vehicle. The regenerative braking system captures energy from the brakes and stores it in a battery, which is then used to power the electric motor. This allows the vehicle to use less fuel and reduce emissions.
Hybrid vehicles are becoming increasingly popular due to their environmental benefits and cost savings. Many automakers are investing in hybrid technology, and the market is expected to continue to grow.
Some companies in the Hybrid Vehicle market include Toyota, Honda, Ford, Hyundai, Kia, and Volkswagen. Show Less Read more