Fitch Ratings: Hybrids pave the way for Japanese automakers' shift to battery electric vehicles

New Delhi [India], January 26 (AN I): In a report, Fitch Ratings predicts that the growth of hybrid electric vehicles (HEVs) will serve as a crucial financial catalyst for Japanese automakers, facilitating the transition to battery electric vehicles (BEVs) over the medium term.

According to Fitch Ratings, the strategic positioning of HEVs as a transitional replacement for internal combustion engine (ICE) vehicles allows a