What this market covers
Passenger cars driven by a spark ignition engine and an electric motor with an external plug in charging battery.
Typical segments
- Plug-in hybrid SUVs
- Plug-in hybrid sedans
- Plug-in hybrid compacts
- Plug-in hybrid estates
Why this market is moving now
- World trade grew 342% from 2019 to 2024, a direct read on cross-border demand.
- Spain is gaining ground: its exports rose 1718% from 2019 to 2024, the fastest among the ten largest exporters.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of petrol plug-in hybrid car (HS 870360) were worth $63.67 billion in 2024. | 63.67 USD billion | 2024 | |
| World exports were 342% higher in 2024 than in 2019 ($14.40 billion), calculated from the annual totals. | +342 % since 2019 | 2024 | |
| Germany was the largest exporter in 2024, with 21% of world exports ($13.34 billion). | 21 % of world exports | 2024 | |
| The three largest exporters, Germany, Japan and China, shipped 43% of world exports in 2024. | 43 % of world exports | 2024 | |
| The United States was the largest importer in 2024, buying $9.47 billion, or 15% of world imports. | 15 % of world imports | 2024 | |
| 52 countries exported more than $1 million of this product in 2024. | 52 countries | 2024 | |
| The average world export price was about $20.96 per kilogram in 2024, calculated from value and weight. | 20.96 USD per kg | 2024 | |
| Countries exported 3.04 million tonnes of this product in 2024. | 3.04 million tonnes | 2024 | |
| Among the ten largest exporters, Spain grew fastest, with exports up 1718% from 2019 to 2024. | +1718 % since 2019 | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Car dealers
- Fleet and rental companies
- Vehicle importers
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
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Frequently asked questions
How big is the global petrol plug-in hybrid car market?
There is no single official market total. World exports of HS 870360 reached $63.67 billion in 2024, a direct measure of cross-border trade.
Which countries export the most petrol plug-in hybrid car?
Germany led world exports in 2024 with 21% of the total, followed by Japan, China and Sweden.
Which countries import the most petrol plug-in hybrid car?
The United States was the largest importer in 2024, followed by Germany, the United Kingdom and France.
Is world trade in petrol plug-in hybrid car growing?
World exports were 342% higher in 2024 than in 2019.
What is the average export price of petrol plug-in hybrid car?
Dividing world export value by weight gives about $20.96 per kilogram in 2024.
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