With most automakers rapidly expanding their fully electric lineups, one would have thought that hybrids would soon start becoming obsolete. However, industry analysts suggest otherwise, with HEV and PHEV offerings showing great potential for the next few years in the US market.
According to S&P Global Mobility, hybrid sales in the US are expected to triple over the next five years. More specifically, the firm predicts a 24% share for hybrids, 37% for battery electrics, and 40% for combustion and mild-hybrid offerings by 2028. For comparison, the forecast for 2023 predicts a 7% share for hybrids, a 9% share for EVs, and more than 80% for the still-dominant ICE.
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