DUBLIN, February 9, 2016 /PRNewswire/ --
The global hybrid electric vehicles market is predicted to grow by 10.53% CAGR, according to the Global Hybrid Electric Vehicles Market 2015-2019 report from Research and Markets. However, new technology proposed this week by a team of researchers at the University of California, Riverside's Bourns College of Engineering could see an increase in this growth.
Hybrid electric vehicles (HEVs) use fuel and electricity combinations to power the vehicle. Most HEVs start in an all-electric mode and switch to the hybrid energy mode once the battery pack has been drained. This isn't the most efficient way to power a vehicle, and the team have found that a blended discharge strategy providing battery power throughout a journey is far more energy efficient.
The new technology should prove extremely popular with HEV manufactures such as Nissan, who sell tens of thousands of hybrid cars yearly as noted in a market report. An increase in 12% efficiency would mean reduction in fuel costs for the vehicle owner, which in turn could convince more people to invest in such a vehicle. According to a recent report, global hybrid and electric vehicles production will reach 6.6 million units by 2020, up from an estimated 2.4 million units in 2015. The introduction of this more efficient technology could cause a rise in production.
For further information on this topic, and a full list of all related documentation, please visit the Electric and Hybrid Vehicles section at http://www.researchandmarkets.com/rm/LKKJ.
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