What is the current market share of CHEVs compared to other types of green vehicles ?
The market share of CHEVs compared to other types of green vehicles can be broken down into several categories, including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). HEVs are one of the most popular types of green vehicles on the market today, accounting for approximately 2.5 million units sold worldwide in 2020. PHEVs are similar to HEVs but have a larger battery pack that can be charged from an external power source, with global sales reaching around 1.3 million units in 2020. BEVs are fully electric vehicles that rely solely on batteries for power, with global sales reaching over 3 million units in 2020. When comparing CHEVs to other types of green vehicles, it is important to note that CHEVs fall under the category of HEVs. Therefore, the actual market share of CHEVs compared to other types of green vehicles would likely be much smaller than 2.5 million units sold worldwide in 2020.