Hybrid Drivetrain Market is Expected to Hit USD 645bn By 2026
Global hybrid drivetrain market outlook is driven by growing sales of hybrid vehicles. Hybrid vehicles use an alternate power source along with conventional sources to produce momentum and minimize fuel consumption. With enactment of stringent regulations to curb vehicular emission and reduce carbon footprint, automotive OEMs are incorporating more electric components in cars, which is triggering hybrid drivetrains industry demand. Hybrid drivetrains offer a range of benefits, such as low fuel consumption and less emission. Hybrid drivetrains have witnessed major advancements in the past few years. For example, in July 2019, Toyota announced plans to build a second hybrid transmission at TMMP plant in Walbrzych, Poland.
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