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As the market for 8% passenger vehicles gains traction, several trends are emerging. Firstly, the proliferation of electric vehicles (EVs) has accelerated, with many manufacturers set to phase out traditional internal combustion engines in favor of models that not only meet but surpass environmental benchmarks. Additionally, advancements in charging infrastructure and battery technology are making EVs more accessible and convenient for consumers.


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The SUV hybrid market is continually expanding, with major automotive manufacturers investing heavily in research and development to produce more efficient models. Companies like Toyota, Honda, Ford, and Lexus have rolled out a diverse range of hybrid SUVs that cater to different consumer preferences, from compact crossovers to larger family-sized vehicles. The competition among manufacturers is driving innovation, resulting in better battery technology, enhanced performance, and improved driving ranges.


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