Why hybrid sales are surging

As of early 2024, EV sales are leveling off and hybrids are making a comeback. Automakers such as Ford, BMW, Mercedes, Hyundai and General Motors are all pulling back on EV production or boosting hybrid manufacture, or both. Toyota and Honda are seeing sales jump. The vast majority of hybrids are standard - with an engine and backup battery. But plug-in hybrids are a growing category. Automakers such as GM are reintroducing them to North America.