U.S. Hybrid Electric Car Sales Hit Record Highs
Pure electric cars are making all the headlines, but their gasoline-electric hybrid rivals quietly achieved record sales in the United States last year, industry data showed.
While the likes of Tesla and Ford Motor Co. pushed for electric vehicle (EV) sales, Asian automakers boosted hybrid vehicle line-ups, as many customers still shun EVs due to higher prices, limited driving range or lack of charging stations.
U.S. sales of hybrid vehicle sales jumped 76 percent to 801,550 vehicles last year, accounting for 5 percent of U.S. light vehicle sales, according to data from analytics firm Wards Intelligence.
Sales of EVs also jumped 83 percent to 434,879, but represented a meager 3 percent of the market.
Click here to read the full report from Hyunjoo Jin at Reuters.