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News for January 17, 2022

U.S. Hybrid Electric Cars Achieve Record Sales

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According to a report, data showed that while pure electric vehicles are gaining popularity, hybrids (gasoline–electric) have quietly recorded huge sales in the United States last year.

While companies like Tesla Inc. and Ford Motor Co. pushed for electric vehicle sales, Asian automakers boosted hybrid vehicles, since many customers are still hesitant to purchase EVs due to high costs, limited range for driving, or availability of charging stations.

Sales of hybrid vehicles in the U.S. increased 76% to 801,550 vehicles last year and accounted for 5% of U.S. light-vehicle sales, according to data from Wards Intelligence.

The sales of EVs also increased by 83%, to 434,879. However, they only accounted for 3% of the market.

Toyota Motor Corp. garnered record hybrid sales for the U.S. market, helping it surpass General Motors Co. as the top-selling U.S. automaker.

Toyota increased the sales of hybrids, plug-ins, and fuel cell technology by 73%, to 583,697, most of these being hybrid.

Honda Motor Co., the No. 2 hybrid carmaker within the United States, also boosted hybrid sales by 67% in comparison with 2020, to a record of 107,060.

Honda plans to introduce its first EV to the U.S. market in 2024.

Meanwhile, Hyundai Motor Co. sees hybrids and plug-in hybrids as “enablers” that will help increase sales of battery electric vehicles, Hyundai Global COO Jose Munoz said.

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Modern Campground

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