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Share this article NEW YORK, May 5, 2021 /PRNewswire/ Technavio has announced its latest market research report titled Hybrid and Electric Vehicle On-Board Charger Market by Type and Geography - Forecast and Analysis 2020-2024 The hybrid and electric vehicle on-board charger market is poised to grow by 5.94 million units between 2020-2024, progressing at a CAGR of about 30% during the forecast period.  Some of the major factors responsible for the growing demand for EVs are low air and noise pollution. Moreover, the popularity of EVs is growing because of the increased marketing by vendors. Demand for electricity, especially during peak hours is growing with an increasing number of EVs. To cater to this growing demand vehicle-to-grid (V2G) chargers are being developed and tested which can transfer power bi-directionally between the vehicle and the grid. These factors compel plug-in vehicles to use bi-directional on-board chargers which is a key factor driving the growth of

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