Increased Plug-In Hybrid Demand Drives Prices Sky-High

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Increased Plug-In Hybrid Demand Drives Prices Sky-High
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As the demand for pure electric vehicles seems to be cooling, plug-in hybrids are shooting up in popularity and price.

The average plug-in hybrid in the U.S. sold for just under $63,000 in July That's $4,400 more than the average electric vehicle The benefits of PHEVs are driving prices up Car buyers are increasingly seeing the benefits of plug-in hybrids, which offer plenty of electric range but also have a combustion engine to keep the dreaded range anxiety at bay, and PHEVs are now more in demand than ever.

It's Just Moving Slower Than Expected Most Plug-In Hybrids Never Get Plugged In. Here's How To Change That These Plug-In Hybrids Can Tow The Most Plug-In Cars Lost Market Share In Europe In June 2024 For fully electric vehicles, the market share of 7.1% remained almost unchanged in 2024. Their average price went down from $57,405 in January to $56,371, which was 21.1% higher than the average for the entire light-duty vehicle segment.

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