Hybrid Cars Gain Popularity as Electric Vehicle Sales Stall in the US

While electric vehicle (EV) sales are growing, their pace is falling short of the industry's expectations, leading more US auto buyers to turn to gas-electric hybrids instead. In 2023, Americans have bought over 1 million hybrids, a 76% increase from the same period last year. Concerns about EV charging infrastructure, higher prices, and range anxiety are some of the reasons why hybrids have become the preferred choice for many buyers. Automakers are adjusting their plans and considering bringing back hybrids due to the surge in demand. However, analysts still believe that more EVs than hybrids will eventually be sold in the US, as the industry continues to improve charging infrastructure, battery technology, and reduce EV prices through tax credits.