Top 10 HEV Vehicles in the Global Electric Vehicle Market

HEV (Hybrid Electric Vehicle) is a type of vehicle that combines an internal combustion engine (ICE) system with an electric propulsion system. HEVs use fuel as a primary power source and do not require an external electrical source to recharge their batteries. A true HEV has both an ICE and an electric motor. The ICE and electric motor work together to propel the vehicle, which helps increase the engine's efficiency. HEVs use regenerative braking and the ICE to charge the battery. HEVs are often more expensive than similar conventional vehicles, but some costs may be recovered through fuel savings or state incentives. According to a report published by Straits Research, the size of the global electric vehicle market was assessed at USD 168 billion in 2021 and is predicted to grow at a CAGR of 38.3% to reach USD 3109 billion in the coming decades. HEVs' value in the global electric vehicle market is growing rapidly due to several trends, including increasing demand for low-emission vehicles, growing demand for eco-friendly vehicles, government incentives, advancements in battery technology, rising fuel prices, and improved safety features. Let's look at the top 10 HEV vehicles considered superior in the global market based on their features, performance, and popularity - Toyota Prius The Toyota Prius is one of the most popular HEVs in the world. It has been around since 1997 and has undergone several upgrades. The latest model, the 2022 Toyota Prius, has a combined fuel economy of 56 miles per gallon (MPG) and can travel up to 640 miles on a single gas tank. With its spacious interior and advanced safety features, the Toyota Prius is an attractive vehicle for someone who is environmentally conscious, wants to save money on fuel costs, and belongs to the urban, upper-class market. Honda Insight The Honda Insight is another popular HEV that has been around since 1999. The latest model, the 2022 Honda Insight, has a combined fuel economy of 52 MPG and can travel up to 520 miles on a single gas tank. The Insight is marketed as a practical hybrid compact sedan with outstanding fuel economy and as a comfortable and composed small car with excellent standard features like the Honda Sensing safety tech suite and a modern infotainment system with smartphone connectivity features. It is the perfect hybrid sedan for consumers who value practicality and comfort in their vehicles, along with being eco-friendly. Toyota Camry Hybrid The Toyota Camry Hybrid is a midsize sedan that offers a comfortable ride and excellent fuel economy. The latest model, the 2022 Toyota Camry Hybrid, has a combined fuel economy of 52 MPG and can travel up to 686 miles on a single gas tank. The Toyota Camry Hybrid appeals to people who care about the environment and want to reduce their carbon footprint. By integrating advanced hybrid technology into the Camry's design, Toyota has created a vehicle that offers a great driving experience while minimizing its environmental impact. It is also a practical choice for families due to its efficient performance and sleek aesthetics. Hyundai Ioniq Hybrid The Hyundai Ioniq Hybrid is a compact car with excellent fuel economy and a comfortable ride. The latest model, the 2022 Hyundai Ioniq Hybrid, has a combined fuel economy of 59 MPG and can travel up to 690 miles on a single tank of gas. The Hyundai Ioniq Hybrid has a sleek and modern design that sets it apart from other hybrid vehicles on the market. Overall, the Hyundai Ioniq Hybrid is an attractive option for people who want to save on fuel costs, value affordability, comfort, and safety features, and prefer a stylish and reliable hybrid vehicle. Toyota Corolla Hybrid The Toyota Corolla Hybrid is a compact car with excellent fuel economy and a comfortable ride. The latest model, the 2022 Toyota Corolla Hybrid, has a combined fuel economy of 52 MPG and can travel up to 630 miles on a single gas tank. The Toyota Corolla Hybrid is ideal for people who want to save money on fuel costs, care about the environment, and prefer a hybrid sedan. The Corolla Hybrid is also a comfortable and composed compact sedan with excellent standard features like the Toyota Safety Sense suite of driver assistance features and a modern infotainment system with smartphone connectivity features. Kia Niro The Kia Niro is a subcompact SUV with a spacious interior and excellent fuel economy. The latest model, the 2022 Kia Niro, has a combined fuel economy of 50 MPG and can travel up to 595 miles on a single gas tank. It has a front-wheel drivetrain with a single electric motor to power the entire vehicle, making it more power-efficient. The KIA Niro has advanced safety features, including Blind-Spot Collision-Avoidance Assist, Forward Collision-Avoidance Assist with Car/Ped/Cyclist Detection, Lane Keeping Assist, and Lane Following Assist. The cherry on the cake is Niro's aerodynamic profile and sporty lines that give it a modern and attractive look and availability in various colors and trims to suit various tastes. Ford Escape Hybrid The Ford Escape Hybrid is a compact SUV with a comfortable ride and excellent fuel economy. The latest model, the 2022 Ford Escape Hybrid, has a combined fuel economy of 41 MPG and can travel up to 582 miles on a single gas tank. It is a fuel-efficient SUV with impressive fuel economy, making it an attractive option for people who want to reduce their carbon footprint and save on fuel costs. The Ford Escape Hybrid is also quite a spacious SUV that can accommodate up to five passengers, which makes it an attractive option for eco-conscious drivers, families, tech-savvy drivers, younger buyers, and drivers who value flexibility. Lexus ES Hybrid The Lexus ES Hybrid is a luxury sedan with a comfortable ride and excellent fuel economy. The latest model, the 2022 Lexus ES Hybrid, has a combined fuel economy of 44 MPG and can travel up to 588 miles on a single gas tank. The Lexus ES Hybrid is a luxury sedan that offers a wide array of trims and several powertrain options, all at a reasonable price point. It has a touchscreen infotainment system, a moonroof, and wireless Apple CarPlay and Android Auto. These features appeal to younger buyers, and with that in mind, Lexus ES Hybrid marketing campaigns and events are designed to attract more millennials who want to reduce their carbon footprint and save money on fuel costs. Toyota Highlander Hybrid The Toyota Highlander Hybrid is a midsize SUV with a spacious interior and excellent fuel economy. The latest model, the 2022 Toyota Highlander Hybrid, has a combined fuel economy of 36 MPG and can travel up to 600 miles on a single gas tank. The Toyota Highlander Hybrid has a bold design that is hard to ignore. Its sculpted shape and contoured lines perfectly balance power and refinement. Apart from the attractive visual features, the Toyota Highlander Hybrid has a suite of advanced technology features, including a touchscreen infotainment system, smartphone integration, and advanced safety features. Volvo XC90 Recharge The Volvo XC90 Recharge is a luxury SUV with a spacious interior and excellent fuel economy. The 2022 Volvo XC90 Recharge's latest model has a combined fuel economy of 55 MPGe and can travel up to 520 miles on a single charge. The Volvo XC90 Recharge targets younger buyers, eco-conscious drivers, families, tech-savvy drivers, and luxury car buyers. It is a fuel-efficient luxury SUV with several features that make it an exceptional vehicle. It is a spacious SUV that can accommodate up to seven passengers, making it an optimal choice for families or large groups. Conclusion Hybrid electric vehicles (HEVs) are becoming increasingly popular as people seek more sustainable transportation options. HEVs combine a conventional internal combustion engine (ICE) system with an electric propulsion system to achieve better fuel economy and lower emissions than conventional vehicles. These HEV vehicles offer excellent infotainment technology, advanced safety features, and, above all else, a comfortable ride. Whether you are looking for a compact car or a luxury SUV, there is an HEV that will meet your needs, which is easy on your wallet and easy on your conscience.