Hybrids are having a moment.Sales of partially battery-powered vehicles, once ridiculed as a "phase" by the likes of Elon Musk, are increasing even as EVs stutter, with hybrid sales growing by 50% in the first two months of the year, while EV sales grew 13% in that time, according to research site Edmunds.The booming popularity of hybrids has benefited companies like Toyota who have hedged their bets on EVs and continued to invest in their hybrid lineups.Other auto companies are following...
The latest Counterpoint report has revealed that the biggest driver of Q1's sales surge is plug-in hybrid electric vehicles (PHEVs), which combine a gas engine with an electric motor and battery pack. PHEV sales were up a whopping 46% year-over-year as consumers were lured in by their cheaper upfront costsRead Entire Article
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. saw April sales jump 60% to NT$236 billion ($7.3 billion) as sustained artificial intelligence demand was helped by the beginnings of a recovery in consumer electronics.Most Read from BloombergBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVNovavax Soars on $1.2 Billion Sanofi Vaccine Licensing DealMarjorie Taylor
Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double.
Aptera is done with crowdfunding. Ford recalls Maverick Hybrid and Escape Hybrid models for a software issue. And BMW holds to its EV targets as other automakers waver. This and more, here at Green Car Reports. BMW is sticking to the EV targets it announced several years ago—50% fully electric sales by 2030, not including hybrids or plug-in hybrids
Honda promises more all-wheel-drive hybrids. Mitsubishi teases new EVs and hybrids for the U.S. And we run through why you shouldn’t need to buy EV tires as often in the future. This and more, here at Green Car Reports. Honda has confirmed that it plans to make two million EVs annually by 2030. And, as part of a presentation outlining all that it
Can Volvo achieve its goal of going all-electric in 2030?
Mitsubishi plans to update its U.S. lineup with new hybrids, plug-in hybrids, and EVs over the next few years. The automaker on Thursday unveiled a new business plan called "Momentum 2030" which includes plans for one new or refreshed model to be introduced each year between 2026 and the end of the decade, nearly doubling the automaker's U.S
Ford is recalling nearly 9,000 hybrid vehicles to address a software issue that could cause the drivetrain to shift into neutral unexpectedly. Affected vehicles include 8,369 Maverick hybrid pickup trucks from model years 2022-2024, as well as 277 Escape crossovers from model years 2020-2022 and 81 Lincoln Corsair plug-in hybrid crossovers from
Subaru will lean on Toyota for three more electric crossovers through 2026, but it first will revive the Crosstrek Hybrid, Automotive News reports. The previous Crosstrek Hybrid was actually a plug-in hybrid, which borrowed powertrain components from Toyota. It was launched for the 2014 model year and lasted for two generations before being
The Blue Oval reportedly lost $100,000 on every EV it sold in Q1 2024, but that doesn't paint the full picture
Taiwanese chip giant TSMC said on Friday that April revenue jumped nearly 60 percent on-year, riding a huge wave of demand for the advanced semiconductors used in AI hardware. Taiwan Semiconductor Manufacturing Company controls more than half the world's output of chips, and supplies them for everything from Apple's iPhones