CNN
Americans are rushing to buy hybrid cars. They're turning to Asian brands to do so | CNN Business
xCruzo Brief
Americans are buying more hybrids as gas prices climb again and traditional Detroit automakers offer fewer electrified options. Hyundai reported hybrid sales rose 39% in the third quarter, while Kia’s hybrid sales more than doubled, up 152%. Toyota’s hybrid sales increased 29% and Honda’s rose 21% during the same period. The shift follows soaring fuel costs after the U.S. entered its latest bout of high gasoline prices linked to the war with Iran, which began in late February. Electric vehicle sales have fallen sharply, with Tesla down 2% year over year in Q3, after the $7,500 EV tax credit ended last September.
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