Energy.gov's fact of the week shows that while hybrid sales have been up and down over time, things are now looking rosy for electrified models.
Electric vehicles have been getting plenty of attention in recent years, but hybrids are having a moment, seeing significant growth in 2023 and reaching a new sales milestone. While they still rely on gas, hybrids are much more fuel-efficient than ICE-only vehicles and emit much fewer emissions.
Energy.gov’s most recent fact of the week shows that hybrid sales grew 53 percent in 2023 after seeing a slight decline in 2022. Sales last year were more than double what they were in 2020 and almost triple the numbers we saw in 2019. Looking back at the previous 10 years of hybrid sales, there have been ups and downs:
Hybrids’ growing popularity is due to a number of factors, including the fact that they are significantly less expensive than electric vehicles and plug-in hybrid vehicles. There are no worries about range and charging, and with some hybrids offering almost 60 mpg, gas prices are much less of a concern.
Though they weren’t covered in this data set, plug-in hybrid sales are also growing quickly. First-quarter numbers were 46 percent better this year than last, and that climb is expected to continue through 2024. While automakers haven’t given up on their EV plans completely, the growth in PHEV sales has some backtracking a bit.
Earlier this year, Ford said it would push back the release of planned electric models while offering more hybrid choices, though it’s still focused on ramping up its EV production efforts. General Motors made a similar announcement, saying that it would bring more plug-in hybrids to market and keep them there for as long as customer demand exists. Its first new plug-in models will reach the market by 2027, according to CEO Mary Barra.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 thoughts about the 2023 Ford Maverick Hybrid: What real-world gas mileage does it get?Get in-depth info on the 2023 Ford Maverick including prices, specs, reviews, options, safety and reliability ratings.
Read more »
Hyundai And Kia Are Bringing Their First Hybrids To IndiaHybrid models accounted for about 2% of India's total car sales in 2023.
Read more »
Major greenhouse gases continued steady climb in 2023The three major greenhouse gases &8211; carbon dioxide, methane and nitrous oxide &8211; showed no signs of slowing their long-term steady climb in 2023. Atmospheric carbon dioxide (CO2) concentration reached 425.38 parts per million in March at the Mauna Loa Observatory in Hawaii. The last time it was that high was 4.3 million years ago...
Read more »
Valentino Reports Decline in 2023 Sales, ProfitabilityWhile Valentino reported a slowdown in its 2023 revenues, CEO Jacopo Venturini said the company maintained its 'positioning and awareness.'
Read more »
Ohio marijuana sales approved as part of 2023 ballot measure could begin by mid-JuneAdult-use sales have been in limbo in the state since December, when an initiated statute approved by voters went into effect.
Read more »
Ohio adult-use marijuana sales approved as part of 2023 ballot measure could begin soonRecreational marijuana could be available for sale in Ohio by mid-June
Read more »