The United Nations Economic Commission for Europe’s World Forum for Harmonisation of Vehicle Regulations (WP.29), which is responsible for rules governing Vehicle Type Approvals, set down the standard for AVAS in its Regulation for Quiet Road Transport Vehicles. All new models of hybrid and pure electric vehicles must by law be fitted with an Acoustic Vehicle Alerting System (AVAS) that emits a continuous sound when the vehicle is traveling at speeds of up to 20km/hour after 1 September 2019. This will be extended to all new electric and hybrid vehicles registered after 1 September 2021. At low speeds, electric and hybrid vehicles are a real menace on the roads because they are so quiet at low speeds. Without the purr of a petrol or diesel engine to warn them, pedestrians are less likely to notice the approach of an EV than of a conventional vehicle.

The article cited AMA's "Global Luxury Hybrid SUVs Market Study" explored CAGR of 14.1%. According to the report, Rising Focus on Technological Development, Demand Creation, and Changing Infrastructure is one of the primary growth factors for the market. Rising Fuel Prices Is Increasing Demand for SUVs with Higher Fuel Efficiency is also expected to contribute significantly to the Luxury Hybrid SUVs market. Overall, applications of Luxury Hybrid SUVs, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The SUV Size, such as Compact, is boosting the Luxury Hybrid SUVs market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Combustion Fuel, such as Petrol, is boosting the Luxury Hybrid SUVs market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Luxury Hybrid SUVs market identified that the demand is rising in many different parts of the world as "Availability of Tax Benefits and Incentives to Consumers Will Boost Demand ". Furthermore, some recent industry insights like "In September 2019, Volvo became the first car manufacturer to offer plug-in hybrid versions of its entire model range with the launch of the new XC40 T5 Twin Engine. This petrol-electric hybrid powertrain is the UK's first plug-in hybrid premium compact SUV." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Luxury Hybrid SUVs market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Luxury Hybrid SUVs market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Luxury Hybrid SUVs market size is calculated using market estimation process, the Luxury Hybrid SUVs market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Luxury Hybrid SUVs market size has been validated using both top-down and bottom-up approaches.