Hybrid's Moment Becoming Momentum As EV Sales Lag

Hybrid’s moment becoming momentum as EV sales lag centers on shifting demand from new battery electric vehicles toward hybrids amid cooling EV growth. The article cites a 22% year-over-year national drop in new EV sales and a 27% decline reported by Rohrman Automotive Group, which operates 20 dealerships across Wisconsin, Illinois, and Indiana. It attributes part of the weakness to the discontinuation of federal tax credits that had supported EVs. At the same time, hybrid sales are up 83% since 2023 and now represent 14.1% of the market, described by dealers as a “no-friction” option that does not require consumers to change habits. Gas prices remain high despite crude oil falling to $73.48 a barrel, with gasoline averaging $3.92 per gallon, noted via AAA.