Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market size to grow by USD 8.48 billion from 2022 to 2027; North America to account for 43% of the market growth
NEW YORK, April 20, 2023 -- The military hybrid electric vehicle (HEV) and electric vehicle (EV) market size is estimated to grow by USD 8.48 billion from 2022 to 2027, growing at a CAGR of 14.36%. North America is estimated to account for 43% of the global market growth during the forecast period. There is an increasing demand for hybrid vehicles in the region because the government focuses on shifting to eco-friendly military HEV and EVs.