Mexican Media Brands
U.S. Demand for EVs, Hybrids Slumps to 4-Year Low
Cheap fuel and the improved efficiency of conventionally powered cars are sapping consumer interest in electric and hybrid vehicles in the U.S., according to Edmunds.com.
#hybrid
Share
Cheap fuel and the improved efficiency of conventionally powered cars are sapping consumer interest in electric and hybrid vehicles in the U.S., according to Edmunds.com.
The online auto data provider says EVs and hybrids captured a four-year low of 2.8% of the American passenger vehicle market in January-May compared with 3.5% in calendar 2014 and 3.7% in 2013.
Edmunds notes that 45% of owners who traded in their EV or hybrid in the first five months of 2015 opted for another alternative-power vehicle, down from 60% who did so three years ago. Edmunds adds that 22% of that group switched to an SUV, up from 12% over the same period.
RELATED CONTENT
-
FCA Opens the Door to The Future
FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.
-
Will Alcraft Take Off?
“British electric vehicle start-up Alcraft Motor Company has revealed details of its first car, the high-performance Alcraft GT.
-
About the 2020 Lincoln Aviator
Successful vehicles tend to be those that are available on a global basis, and increasingly, those vehicles tend to be in the SUV segment writ large.