The distance traveled between battery charges determines the plug-in hybrid electric vehicle fuel consumption. The electric motor functions as a generator during braking, utilizing the energy to charge the battery and recapturing energy that would otherwise be lost. Although plug-in hybrid electric vehicles are more expensive than comparable conventional and hybrid vehicles, some of the costs can be offset by federal tax credits, fuel savings, and financial incentives and subsidies.Īn external electric power source, the internal combustion engine, or regenerative braking can all be used to charge plug-in hybrid electric vehicle batteries. The commercially available plug-in hybrid electric vehicles include many light-duty models, with medium-duty vehicles entering the global plug-in hybrid electric vehicle market.

The majority of plug-in hybrid electric vehicles are passenger cars, but they also come in commercial and van versions, buses, motorbikes, utility trucks, trains, and even military vehicles. has hold 74 to 76% of the North America market share in 2021.Ī plug-in hybrid electric vehicle is a hybrid vehicle with a battery pack that can be recharged both internally and externally by plugging a charging cable into an external electric power source, as well as by its onboard internal combustion engine-powered generator. The India plug-in hybrid electric vehicles market is registering growth at a CAGR of 7.4% from 2022 to 2030.By vehicle type, the passenger vehicle segment has held 84% of the total revenue share in 2021.

By power source, the stored electricity segment accounted highest revenue share of over 71% in 2021.

Plug in hybrid electric vehicles