Plug-in Hybrid Electric Vehicles - Poland

Poland

Highlights

The revenue in the Plug-in Hybrid Electric Vehicles market in Poland is projected to reach US$1.5bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 18.99%, resulting in a projected market volume of US$3.7bn by 2029.
The unit sales in the Plug-in Hybrid Electric Vehicles market in Poland are expected to reach 34.80k vehicles in 2029.
The volume weighted average price of Plug-in Hybrid Electric Vehicles market in Poland in 2024 is expected to amount to US$105.7k.
From an international perspective, it is shown that the most revenue will be generated China (US$166bn in 2024).
Poland is experiencing a growing demand for Plug-in Hybrid Electric Vehicles due to increasing government incentives and a growing awareness of environmental issues.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

Poland, like many other countries, has been experiencing a growing interest in Plug-in Hybrid Electric Vehicles (PHEVs) in recent years. This can be attributed to several factors, including customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Polish consumers have shown a growing interest in environmentally friendly transportation options, and PHEVs offer a solution that combines the benefits of electric vehicles with the convenience of a traditional combustion engine. PHEVs allow drivers to switch between electric and gasoline power, offering increased range and flexibility compared to fully electric vehicles. Additionally, PHEVs are seen as a more affordable alternative to fully electric vehicles, as they do not require the installation of charging infrastructure, which can be costly.

Trends in the market: One of the key trends driving the growth of the PHEV market in Poland is the increasing availability of models from various automakers. As more manufacturers introduce PHEV options to their lineup, consumers have a wider range of choices and are more likely to consider purchasing a PHEV. Additionally, technological advancements have led to improvements in battery efficiency and range, making PHEVs a more viable option for everyday use. Another trend in the market is the government support for electric vehicles. The Polish government has implemented various incentives to promote the adoption of electric and hybrid vehicles, including tax breaks and subsidies for purchasing PHEVs. These incentives make PHEVs more affordable for consumers and encourage them to choose these vehicles over traditional gasoline-powered cars.

Local special circumstances: Poland has a rapidly developing charging infrastructure, which is crucial for the widespread adoption of electric and hybrid vehicles. The government has been investing in the expansion of charging stations across the country, making it easier for PHEV owners to charge their vehicles. This infrastructure development, coupled with the increasing number of charging points in public places and private residences, has helped alleviate range anxiety and encourage more people to consider PHEVs as a viable option.

Underlying macroeconomic factors: Poland's economy has been growing steadily in recent years, leading to an increase in disposable income for many consumers. This has made it possible for more people to afford PHEVs, which tend to have a higher upfront cost compared to traditional gasoline-powered vehicles. Additionally, the government's focus on reducing carbon emissions and promoting sustainable transportation aligns with the global trend towards cleaner energy sources, making PHEVs an attractive option for environmentally conscious consumers. In conclusion, the Plug-in Hybrid Electric Vehicles market in Poland is developing due to customer preferences for environmentally friendly transportation options, market trends such as the increasing availability of PHEV models and government support, local special circumstances including the expanding charging infrastructure, and underlying macroeconomic factors such as the country's growing economy and focus on reducing carbon emissions. These factors combined are driving the growth of the PHEV market in Poland and are likely to continue shaping its development in the coming years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of new passenger cars. Data on the specifications of the sold vehicles is based on the base models of the respective makes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use company reports and websites, vehicle registries, car dealers, and environment agencies among other sources. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and car stock per capita. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).