Hybrid Car Sales Down 15.9% , EVs Up 21.8%
According to a recent report from Cars.com, hybrid car sales are down 15.9 percent year-over-year, while electric vehicle sales are up 21.8 percent year-over-year.
“EVs are in the very early stages of becoming mainstream, and the nearly 22 percent increase from last year, compared to an essentially flat market, indicates growing consumer acceptance,” said Jesse Toprak, chief analyst for Cars.com.
“Price points for many pure EVs are getting closer to where it makes sense financially for consumers. The biggest limitations for growth in the EV segment are battery costs and range, and the lack of proper infrastructure,” Toprak added.
The group pointed to an urgent need to expand the number of charging stations to support mass market adoption of EVs.
Top electric vehicle sales year-to-date include the Nissan LEAF, Tesla Model S, Chevrolet Volt, Toyota Prius PHV, and the Ford Fusion Energi.
“It appears the increased fuel efficiency of regular gas engine vehicles, as well the rising popularity of pure EVs has made a dent in demand for hybrids,” said Toprak. “Some early adopters are now opting for EVs because they feel hybrids aren’t as eco-friendly as the pure EV alternatives available.”
Category: Featured, General Update, Green, Vehicles
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