Hybrids Regain in Popularity Amid EV Cost and and Charging Concerns

After their sales dropped thanks to the introduction of all-electric vehicles, hybrid gas-electric cars are seeing a renaissance among consumers.

1 minute read

October 8, 2023, 7:00 AM PDT

By Diana Ionescu @aworkoffiction

Close-up of HYBRID logo on back of black car.

Lalandrew / Adobe Stock

High prices and concerns about electric vehicle charging infrastructure are driving more Americans to choose hybrids over all-electric vehicles, reports Keith Naughton in Bloomberg CityLab.

“US sales of hybrids have more than doubled since 2020 and are heading toward a 35% increase this year, according to researcher GlobalData.” Now, Ford is doubling production and lowering the price of its hybrid F-150 truck in an attempt to woo consumers. “Ford aims to quadruple hybrid sales over the next five years and offer the technology across its lineup, even as it throttles back ambitious production plans for its fully electric models.”

“The number of hybrid models for sale in the US market is expected to grow to 369 by 2026, more than double the 164 on sale in the US in 2020, according to GlobalData.” Outside the United States, sales of hybrids are expected to rise by 20 percent globally this year.

Wednesday, October 4, 2023 in Bloomberg CityLab

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