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Here’s why US EV, hybrid sales rose year-over-year in 2023

Baua Electric

EVs, PHEVs, and hybrids made up 16.3% higher than in 2022, when hybrid, plug-in hybrid, and BEV sales made up 12.9% The second half of 2023 saw the highest share of hybrids, plug-in hybrids, and BEVs of total LDV sales at 17.9%. The 2023 percentage is 3.4% of total sales. during that same period.

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Cost Parity?: Two Dozen EVs “Available” in the US Start At Less Than $45,000

EV Adoption

Nine of these EVs have a base MSRP of less than $35,000 and another nine would have a net effective price below $30,000 when factoring in the applicable federal EV tax credit. And buyers in some states may qualify for further incentives including rebates or no sales tax, along with some utilities also providing rebates.

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Tesla is the most preferable brand for prospective EV buyers

Teslarati

According to Kelley Blue Book , 25% of new car buyers considered an EV in January, February, and March 2022. Additionally, the 2022 Toyota RAV4 Hybrid was a market leader among hybrid shoppers. The government’s tax credit program for electric vehicle purchases has offered consumers yet another reason to consider EVs.

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PHEVs Are A Great Solution For Many — But PHEV Incentives Need Fixing

EV Adoption

Like many issues and discussion topics today, plug-in hybrid electric vehicles (PHEVs) have become a divisive concept within the electric vehicle industry. Not enough range: Many plug-in hybrids have minimal electric range of around 20 or less miles. Instead, the tax credit should have a minimum range requirement of 30 EPA miles.

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Must Read 40+ Electric Vehicle Interview Questions & Answers

Get Electric Vehicle

2 Plug-in Hybrid Electric Vehicles (PHEVs): PHEVs combine an electric motor with an internal combustion engine. They have a larger battery pack than traditional hybrid vehicles, which can be charged by plugging into an external power source. 5 How to Charge a Hybrid Electric Vehicle? 6 Why do we need an HEV then?

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Volvo To Go All Electric By 2030 – EV Week in Review: Feb 23-Mar 1

EV Adoption

This past week was certainly quite a whirlwind of EV news and developments from Volvo’s plans to end production of ICE vehicles by 2030, yet another proposal to reform the federal EV tax credit, chip shortages, Washington state’s plans to ban ICE vehicles by 2030, Lucid Air delay, Fisker to partner with Foxconn, and much, much more.

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BMW’s 2021 luxury sedan, the 745e PHEV, comes with 16 pure-electric miles

Current EV

By John Coulter, CURRENT EV CMO To attract new customers, BMW has been offering plug-in hybrid versions of all of its models. They added an integrated electric motor to the 745’s 6-cylinder combustion engine a year ago, creating the 745e xDrive Plug-In Hybrid. The hybrid achieves 0 to 60mph in 4.9 Top speed is 130mph.

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