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Think. Again.

(18,028 posts)
Fri Mar 1, 2024, 09:28 AM Mar 2024

Gas-powered cars are losing market share to EVs and hybrids

By Dan McCarthy, 1 March 2024
Full Article: https://www.canarymedia.com/articles/electric-vehicles/chart-gas-powered-cars-are-losing-market-share-to-evs-and-hybrids

Electric vehicle sales hit record heights last year. Sales of hybrids also soared. The trend is eating away at the market share of conventional cars.

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Last year, traditional internal-combustion vehicles accounted for 84 percent of total passenger vehicle sales in the U.S. — their lowest-ever share of sales. Meanwhile, sales of fully electric vehicles and hybrids are climbing to new heights.

-snip-



The change is driven in part by a surge in sales for hybrid vehicles with a gas-powered engine and an onboard battery but no plug, which together with plug-in hybrids made up nearly 10 percent of new car sales last year, according to the U.S. Energy Information Administration. But although hybrids burn less gas than a conventional car, they don’t offer a pathway to eliminating carbon pollution from vehicles.

Battery-electric vehicles, on the other hand, do. And the good news is that sales of 100 percent electric vehicles are also on a tear. Last year, despite some market difficulties, they accounted for 7 percent of new vehicle sales.

-snip-

But a February report from Clean Investment Monitor, a joint project between Rhodium Group and the Massachusetts Institute of Technology’s Center for Energy and Environmental Policy Research, found that electric vehicle sales are on track for the U.S. to meet its climate goals — in spite of the industry’s current growing pains.

Full Article: https://www.canarymedia.com/articles/electric-vehicles/chart-gas-powered-cars-are-losing-market-share-to-evs-and-hybrids

6 replies = new reply since forum marked as read
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SarahD

(1,732 posts)
3. Not me, but some think so.
Fri Mar 1, 2024, 11:20 AM
Mar 2024

But they think the same thing about hairless cats. Actually, most EVs look like gas powered cars, so it's all in my imagination.

NBachers

(18,134 posts)
4. I bought a new Corolla in December; If I had to do it over again, I'd go for the hybrid. I love the Corolla, but the
Fri Mar 1, 2024, 11:36 AM
Mar 2024

hybrid my friend bought is better.

OnlinePoker

(5,835 posts)
5. I've got an ICE Camry coming in May.
Fri Mar 1, 2024, 12:19 PM
Mar 2024

I couldn't afford the extra $6k for the hybrid without doing financing, something I don't want to do. As for all electric vehicles, they're just out of my price level if I get the extended range I need.

NBachers

(18,134 posts)
6. I paid almost all cash for the Corolla; the hybrid would've been a little beyond the financing I wanted to commit to.
Fri Mar 1, 2024, 03:53 PM
Mar 2024

I'm quite happy with the Corolla; I got the Convenience Package, which was well worth it. It added more money, but that's OK.

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