Top Trends in the Hybrid Car Market for 2024
Monday, 15 April 2024, 11:00
5 Trends in the Hybrid Car Market
Hybrid cars are all the rage right now. Many buyers are eager to have a more environmentally friendly vehicle, and hybrid vehicles offer a balance between efficiency and practicality. Here are the top trends making hybrid cars popular in 2024:
- The government may help you buy one: There's a government tax credit of up to $7,500 for certain plug-in hybrid vehicles (PHEV).
- Hybrids are gaining market share: Non-PHEV hybrids and PHEVs are seeing increased sales, with hybrid demand expected to rise further.
- More hybrids in popular vehicle segments: Automakers are introducing hybrids in popular categories like crossover vehicles, pickup trucks, and SUVs.
- They're more powerful: Modern hybrid vehicles offer impressive horsepower without sacrificing efficiency.
- They have impressive battery-only ranges: Hybrids are now capable of driving short distances using only battery power, with expanded battery ranges for models like the Toyota Prius.
Consider these trends when exploring the hybrid car market for your next vehicle purchase.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.