US Hybrid Sales Jump 37% as EV Demand Lags Despite Gas Prices
Key takeaways
- Hybrid sales soared with gas prices over $4/gallon, while EV sales rose only 11% in the same period post-Iran conflict and federal incentive changes.
AI insight — what it means
Higher gas prices are pushing more buyers toward hybrid cars that combine gas and electric power instead of fully electric vehicles. This shift may hurt companies focused only on electric cars while favoring those selling hybrids.
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