Norway Plug-in Hybrid Cars Market 2017-2025: Industry Share, Size, Emerging Trends, Demand Analysis, Growth Driver, Regional Outlook

Norway Plug-in Hybrid Cars Market Outlook 2017-2025

Market Overview

With approximately 29% of market share, Norway has undeniably attained the most successful deployment of electric cars in terms of market share, across the globe. Successful deployment of plug-in hybrid electric vehicles in Norway is a result of a favorable policy environment that has been achieved in recent years encompassing a large range of incentives, from tax breaks and exemptions to waivers on road tolls and ferry fees. Plug-in hybrid cars sales recorded outstanding growth and the sales increased by more than two folds from 2015 to 2016. This was constant with the change in policy support. Other factors that may have swayed sales comprise variations in battery electric vehicles and plug-in hybrid vehicles model availability and an amplified curiosity in electric cars from customers who more commonly cover long-distance trips (theoretically favoring PHEV sales). About 94-95% of electric vehicle owners, charge their vehicles at home in their garage, carport or parking space. However, government is developing a fast charging station infrastructure to further augment the growth of electric vehicles market in the region.

Goldstein Research analyst forecast Norway plug-in hybrid cars market is likely to boom with the emergence of electric vehicles in coming years. Further, the market is anticipated to reach USD 11.2 billion by 2025 at a CAGR of 18.6% over the forecast period as advancements in batteries and higher adoption rate will augment the growth of plug-in hybrid cars sale in Norway.

Norway Plug-in Hybrid Cars Market Segmentation

By Major Components

• Internal Combustion Engine
• Electric Motor
• Batteries

Based on the major components, batteries accounted for the largest revenue share as battery still costs up-to 25% of overall plug-in hybrid car price. Further, batteries market will likely to grow at faster pace with growing market for plug-in hybrid cars especially in Western Europe and North America.

By Plug-in Hybrid Cars Type

• Series PHEVs
• Parallel or Blended PHEVs.

Covered In This Norway Plug-in Hybrid Cars Market Report

The report covers the present ground scenario and the future growth prospects of Norway Plug-in Hybrid Cars Market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Norway Plug-in Hybrid Cars market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Norway Plug-in Hybrid Cars Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Norway Plug-in Hybrid Cars Market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Norway Plug-in Hybrid Cars Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Norway Plug-in Hybrid Cars Market Report comprises of the following companies as the key players: Daimler AG, General Motors Corporation, Toyota Motor Corporation, Mitsubishi Motors Corporation, BYD Auto Co. Ltd., Volkswagen AG, BMW AG, Honda Motor Co. Ltd., and Hyundai Motor Company.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Norway Plug-in Hybrid Cars Market Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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