While growth in the battery-electric vehicle segment has slowed sharply this year, sales are rising fast for hybrids – and automakers like Toyota, General Motors, Hyundai Motor Group and others are forecasting demand could grow at a near exponential rate for plug-in hybrids and range-extenders – driven in part by revised federal emissions standards.
Plans call for collaboration on new models for the U.S. market Despite having been part of the same alliance for since 2016, when Nissan acquired a 34% stake in Mitsubishi Motors, there’s been little indication of their alliance in the U.S. market. The exception is...
With millions of American motorists still skeptical about going all-electric, many industry planners are betting plug-in hybrids can serve as a “bridge” technology for those worried about range and a lack of a widespread public charging network. Mercedes-Benz is expanding its own line-up of PHEVs with the addition of the new GLC 350e 4Matic based on its compact crossover line.
Korean luxury brand Genesis is reportedly rethinking its plans to evolve into an all-electric brand. The company is instead looking at other electrification options, with plans to launch its first hybrid model as early as next year. But what form it will take reportedly has not yet been determined.
Volkswagen “remains committed” to its aggressive EV program, the automaker’s U.S. chief executive said. But, as sales growth slows, the German auto giant is also considering adding hybrids and plug-in hybrids to its American fleet. And it’s not alone. Other manufacturers who’ve made major commitments to EVs, such as Kia, are also turning to hybrids to help them meet emissions targets because of consumer resistance to all-electric vehicles.
He’s warned that the switch to battery-electric vehicles could seriously harm the auto industry. And even though his successor as Toyota CEO has committed more resources to EVs, Akio Toyoda continues to see a future in which hybrids and other alternatives dominate the global market. More from Headlight.News.
With EV sales growth slowing down, General Motors “is currently assessing” its massive investment in battery-electric vehicles. And, while it remains committed to CEO Mary Barra’s “path to an all-electric future,” it will shift more emphasis to the hybrids and plug-ins it was planning to abandon. And other automakers, including Ford and Stellantis, are likewise shifting direction. If anything, this validates Toyota’s strategy calling for a mix of EVs, hybrids and PHEVs, reports Headlight.News.