Hybrid Sales Are Booming — Here's Why Drivers Are Buying Them Over Evs

Toyota has reaped the benefits of its hybrid-friendly lineup. ToyotaHybrid sales are booming in the US. Once dismissed as a "phase," many drivers are now choosing them over EVs.One Toyota exec told BI there are "no compromises" to buying a hybrid anymore. Hybrids are having a moment.Sales of partially battery-powered vehicles, once ridiculed as a "phase" by the likes of Elon Musk, are increasing even as EVs stutter, with hybrid sales growing by 50% in the first two months of the year, while EV sales grew 13% in that time, according to research site Edmunds.The booming popularity of hybrids has benefited companies like Toyota who have hedged their bets on EVs and continued to invest in their hybrid lineups.Other auto companies are following Toyota's lead, with General Motors pledging to sell hybrids again in North America and Ford delaying its latest electric SUV to focus on its own hybrid lineup.Even Tesla, which famously doesn't sell hybrids and is unlikely to do so anytime soon, is taking notice.

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