Demand for hybrid vehicles is on the rise in the United States; here are the best offers on offer, ET Auto

Demand for hybrid cars in the United States is increasing due to changing consumer preferences. The high inflation rate in the United States and the lack of charging infrastructure for electric vehicles are pushing car buyers to explore the hybrid vehicle segment. The development comes as many automakers are offering deep discounts on electric vehicles and the Biden administration is also offering tax credits. The cost of used electric vehicles is lower than that of used hybrid vehicles. Dealers and car manufacturers have started promoting hybrid vehicles. There are many offers available to Americans to purchase hybrid vehicles. Promoting hybrid vehicles: According to data provided by CoPilot, a car shopping app, dealers have a 58 market day supply of new hybrid vehicles, compared to 104 market days for new electric cars and 69 days market for traditional vehicles. gasoline cars. Additionally, two years ago, the market share of hybrid and electric vehicles was almost equal at 5.8% and 5.2% respectively, according to Edmunds. The share of hybrid vehicles in May 2024 amounted to 9.1% and that of electric vehicles remained at 6.8%.

Compared to electric and gasoline vehicles, hybrid vehicles sell in an average of 29 days. It takes 74 days to sell an electric vehicle, while it takes 53 days to sell a gasoline vehicle.

Hybrid Car Deals: Edmunds reported that there are plenty of deals offering discounts on hybrid vehicles this month. On the 2023 Kia KR:000270 Sorrento Hybrid (priced at $36,690), a discount of $3,070 can be obtained, a discount of up to $2,500 on the 2024 Audi VWAGY SQ7 (priced at $90,400), and a discount of up to $2,150 on the 2024 Kia ​​Niro (priced at $26,940).

Additionally, rebates of up to $2,000 can be applied to the 2024 Toyota TM Tundra (priced at $57,625), the 2024 Ford F Escape (priced at $33,340) and the 2024 Ford F-150 priced at $68,035.

Toyota is also offering a $1,000 rebate on the following models: Toyota Prius ($27,950), Corolla ($23,500), and Camry ($28,855).

Actual prices and discounts offered may vary by condition. It is advisable to contact the local dealer before making any purchase.

FAQ:What are the main challenges of electric vehicles?
Charging infrastructure is the main problem. In the United States, charging infrastructure increased by 55% in 2021. There is also the question of battery storage and manufacturing.

Does Ferrari make electric vehicles?
The company announced that it will manufacture its first electric vehicle. Its price could be around $535,000. This is the base price.