Toyota (TM) Hybrid Dominance Continues: Hybrid Cars are Having a Moment Amid Electric Car Skepticism

December 10, 2023

“As automakers push their flashy new electric vehicles (EVs), many consumers making the jump from gasoline cars are opting instead for hybrids as they tiptoe toward electrification.

At $50,000, the average EV is still too expensive for many buyers — and new rules could make it harder to qualify for a federal tax credit. A lack of chargers remains a concern, too. Hybrids — which get great gas mileage and average under $40,000 — are a happy medium for many. That has some carmakers rethinking their product offerings, at least in the short term.”

Source: Axios