There are certainly a great number of reasons that automakers have to determine their hybrid launches. The advancement and electrification of the drivetrain, along with other technologies to improve fuel economy are necessary to stay competitive in the evolving automotive market.
The hybrid market has seen growth rates higher than any other new technologies.
Yes, the commitment of the European automakers to hybrid technology is obvious through their continued development activities and product announcements.
All high-voltage components like e-motors, power electronics and batteries are the biggest challenge on a component level. The integration of the hybrid system affects - in contrast to a conventional powertrain - the entire vehicle. These results in very tough cost challenges.
As previously mentioned, the market for environmentally friendly vehicles continues to expand. Consumers with differing driving patterns, infrastructure availability, and anticipated driving experiences are going to have needs for a variety of drivetrain technologies. As consumer needs continue to diversify, there will certainly be room for numerous efficiency technologies and the competition of this variety will offer a healthy environmentally conscious market.
The demand for hybrid vehicles is somewhat independent of the government influence. However promoting factors, such as tax subsidies and government supported research, certainly has a positive impact on the hybrid market.
As previously explained, the need for a diverse alternative drivetrain market will continue to expand far beyond hybrid technologies. However, hybrid systems will not serve as simply a transitional technology, but rather an option that can be incorporated into all drivetrains.
While certain regions of the world are hard to predict, the overall market for hybrids will likely continue to grow and diversify.