Hybrid sales will increase dramatically in 2023

Electric vehicles have received a lot of attention in recent years, but hybrids Are have a moment, with significant growth in 2023 and reaching a new sales milestone. Although still dependent on gas, hybrids are much more fuel efficient than ICE-only vehicles and emit much less emissions.

Energy.govs The latest Fact of the Week shows that hybrid car sales have grown 53 percent in 2023, after a slight decline in 2022. Last year’s sales were more than double what they were in 2020 and almost three times as much as in 2019. Looking back on the previous 10 years of (estimated) hybrid sales, there have been ups and downs:

  • 2023: 1,175,597 units
  • 2022: 766,412
  • 2021: 799,046
  • 2020: 455,067
  • 2019: 399,444
  • 2018: 338,149
  • 2017: 370,680
  • 2016: 346,949
  • 2015: 384,400
  • 2014: 452,172

The growing popularity of hybrids is due to a number of factors, including the fact that they are considerably cheaper than electric vehicles and plugin hybrid vehicles. There are no range and charging concerns, and with some hybrids offering nearly 60 mpg, gas prices are much less worrisome.

Although they do not appear in this dataset, plug-in hybrid Turnover is also growing rapidly. First quarter figures this year were 46 percent better than last year, and that increase is expected to continue in 2024. While automakers haven’t completely abandoned their EV plans, the growth in PHEV sales has had some impact. backtrack a bit.

Earlier this year, Ford said it would reduce the introduction of planned electric models while offering more hybrid choices, though it is still focused on ramping up its EV production efforts. General engines made a similar announcement, saying it would bring more plug-in hybrids to the market and keep them there as long as customer demand exists. The first new plug-in models will do that too will come onto the market in 2027said CEO Maria Barra.

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