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Hybrid electric vehicles (HEVs) are advanced automobiles that blend the functionality of an internal combustion engine with an electric motor to optimize fuel efficiency and minimize environmental impact.

Market value projected to surge from US$723.2 billion in 2025 to US$1,870.7 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 14.5% from 2025 to 2032.

Learn the real bumper change cost, what affects the price, and how to save money. Don’t pay more than you should—get expert insights here.

Discover how much bumper repair really costs in 2025, with insights on repair types, pricing factors, and money-saving tips for every car owner.

The EV motor market’s expansion is closely tied to the global EV adoption wave.