Why automakers are turning to hybrids in the middle of the industry's EV transition
Publishing timestamp: 2023-12-08 17:14:25
Summary
The article discusses how major automakers are turning to hybrid vehicles to meet consumer demand and avoid penalties related to fuel economy and emissions standards. Hybrids are seen as a way to lower fuel consumption and emissions in the short term while easing consumers into vehicle electrification. The article mentions the increasing sales of hybrid vehicles compared to all-electric vehicles and discusses the strategies of different automakers, including Ford, Stellantis, and General Motors. It also highlights the importance of hybrids for Toyota, which has been criticized for its slower approach to all-electric vehicles.
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Keywords: autos, akio toyoda, hyundai motor co, business news, transportation, honda motor co ltd, united states, ford motor co, general motors co, environment, electric vehicles, toyota motor corp, climate, business, detroit, mark reuss, breaking news: business, stellantis nv,
Source: https://www.cnbc.com/2023/12/08/automakers-turn-to-hybrids-ev-transition.html