Why hybrid sales surge as EV sales flatten

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Why hybrid sales surge as EV sales flatten
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As EV sales are leveling off, hybrids are back, stronger than ever. Carmakers including Ford, General Motors, Toyota, BMW and Hyundai are boosting production.

and others, the hybrid — a gas sipper that has both an engine and an electric motor — is back in the spotlight.

EV sales have slowed in the U.S., according to car website and data tracker Edmunds, with the time it takes for a car to sell once it lands on a dealer's lot having gone from 25 days at the beginning of 2023 to 72 days just over a year later. That metric, called"days to turn," is a good measure of popularity.

The nearly threefold jump in days to turn for EVs is a stratospheric rise, and it doesn't match trends for other vehicle categories. Plain old internal combustion vehicles, which started 2023 at 34 days to turn, went to 52 days to turn in the same time period, according to the Edmunds data. But standard hybrids easily beat the other categories in popularity — going from 16 days on the lot to 25 days in the same amount of time, data from Edmunds shows.When the Toyota Prius came to the U.S. in 2000, the hybrid car became both an unlikely favorite among Hollywood stars and a popular choice among cash-strapped consumers looking to save money on gas. It wasn't flashy or luxe, which made its popularity that much more striking.

Some, especially plug-ins, may pollute more than expected and even have downsides for owners: high sticker prices, low selection, fuel costs, and all of the costs of maintaining a complex powertrain that involves both electric and conventional combustion elements.Tesla to explore locations in India for $3 billion EV factory, FT reports

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