United States Hybrid Vehicle Market Report and Forecast 2025-2034

United States Hybrid Vehicle Market Growth

The United States hybrid vehicle market has seen significant growth, particularly with the increase in parallel hybrid powertrains.

The parallel hybrid powertrain sector has expanded due to advancements in fuel efficiency and performance, technological progress, environmental concerns, regulatory shifts, and favourable economic factors. With a focus on sustainability and cost-effectiveness, there's a growing demand for parallel hybrid vehicles, indicating a shift towards greener transportation options.

In May 2024, the U.S. Department of Energy (DOE) distributed over $26.9 million to nine states, 27 local governments, and one Tribe for the next round of formula grants through the Energy Efficiency and Conservation Block Grant (EECBG) Program. These grants, funded by President Biden’s Bipartisan Infrastructure Law and managed by DOE’s Office of State and Community Energy Programs (SCEP), aim to support energy efficiency initiatives at the state and local levels.

Series-parallel hybrids merge the advantages of series and parallel configurations, resulting in enhanced fuel efficiency. These vehicles can seamlessly switch between or blend the two modes based on driving conditions, optimizing energy utilization. By enabling both the internal combustion engine and electric motor to propel the wheels, when necessary, this hybrid system enhances performance, delivering greater power and acceleration.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

United States Hybrid Vehicle Industry Segmentation

United States Hybrid Vehicle Market Share

Micro and mild hybrid technologies boost fuel efficiency by supporting the internal combustion engine with electric power during acceleration and employing regenerative braking to replenish the battery. This leads to decreased fuel usage, reduced emissions, and enhanced vehicle performance. Moreover, these hybrid options provide cost benefits and utilise regenerative braking to optimize fuel efficiency even further.

Leading Companies in the United States Hybrid Vehicle Market

• BMW AG

• Ford Motors Company

• Mercedes Benz Group AG

• Hyundai Motor Company

• Kia Motors Corporation

• Toyota Motor Corporation

• Volvo AB

• Honda Motor Co. Ltd.

• Subaru Corporation

• Dr. Ing. h.c. F. Porsche AG

• Others

The company focuses on designing, producing, promoting, and maintaining a wide variety of vehicles, encompassing cars, trucks, SUVs, and electric vehicles, as well as automotive components and accessories.