article thumbnail

GM Dealers Want Hybrids Instead of More EVs

The Truth About Cars

Cadillac and Buick dealers accepted buyouts in large numbers to avoid making investments to sell EVS, and now the automaker’s dealers are pushing it to develop more hybrids instead of releasing new electric models. The company understands its dealers’ concerns but has not detailed plans to offer such products.

Dealers 110
article thumbnail

Dealers Finally Have EV Inventory But Now Lack Buyers

The Truth About Cars

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars. Though EV sales seem to be dragging, hybrids and plug-in hybrids are hot commodities.

Dealers 96
article thumbnail

Study: People Want to Buy EVs but Costs Are Still Too High

The Truth About Cars

A recent study from KPMG found that most people are interested in buying an EV, but many cite affordability as a hurdle to ownership.& & Around half of gas and diesel vehicle owners told KPMG that they were considering a hybrid or electric vehicle, and most of that group said they were considering a purchase in the next two years.

Buy 96
article thumbnail

Polk: 35% of hybrid owners buying hybrids again

Green Car Congress

Polk’s assessment of hybrid loyalty by quarter. While the selection of hybrid models in the US has more than doubled since 2007, only 35% of hybrid vehicle owners choose to purchase a hybrid again when returning to market in 2011, according to recent analysis by Polk. Hybrid vehicles represent 2.4% Data: Polk.

Hybrid 244
article thumbnail

Toyota says it would rather buy credits than ‘waste’ money on EVs

Baua Electric

As the car industry’s largest hybrid pusher, Toyota says it is better positioned to just buy credits to close the EPA gap rather than “waste” money on BEVs, its CEO said. million battery complex in North Carolina to be used in its EVs and hybrids sold in North America. Currently, the company is building a $13.9 Get started here.

Waste 52
article thumbnail

BYD profits decline 47% quarter-over-quarter in Q1 2024

Teslarati

BYD sets lower sales growth & warns of looming price war BYD delivered approximately 300,114 beds and 324,284 plug-in hybrid cars. million units this year—including EVs and plug-in hybrids. Tesla delivered a total of 386,810 units in Q1 2024, hampered by many challenges, including an arson attack on Tesla Giga Berlin.

BYD 126
article thumbnail

Stellantis partners with CARB to reduce carbon emissions

Teslarati

According to the agreement, Stellantis pledges to expand and strengthen its efforts toward electrification, including by supporting the education of United States consumers and dealers on the benefits of electric vehicles (EVs). The legacy automaker is collaborating with Veloz to educate consumers and dealers in the United States.

Carbon 110