The success of these hybrids has been driven by a combination of factors, including:
* **Fuel efficiency:** Hybrids offer significantly better fuel economy than traditional gasoline-powered vehicles, reducing fuel costs for consumers. * **Environmental benefits:** Hybrids produce fewer emissions than gasoline-powered vehicles, contributing to cleaner air and a reduced carbon footprint. * **Affordability:** Hybrids are generally more affordable than fully electric vehicles, making them accessible to a wider range of consumers. * **Performance:** Hybrids offer a blend of gasoline and electric power, providing a smooth and responsive driving experience.
by 2025. This is a significant drop from the 2021 projection of 25 percent. This decline is attributed to the rise of affordable hybrid vehicles, which are now more competitive in price and performance compared to their EV counterparts. Hybrids are also impacting EV sales by offering a more practical and accessible option for consumers. They provide a balance between the fuel efficiency of a traditional car and the environmental benefits of an EV.