The Rise of the Plug-in Hybrid EV
- Following up on our blogs about Decoding EV Demand and EV Brand Preferences, our continuous monitoring of consumer sentiment on EVs has uncovered a significant uptick for plug-in hybrid vehicle purchasing intent.
- Occam data, from April 2023 through today, suggests that there is an increasing demand for plug-in hybrids as a compromise between traditional gasoline and fully electric vehicles.
- In fact, according to Green Car Report, plug-in hybrid EV growth has increase 50%+ in FY23.
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