Autotrader: Three reasons this is the year to buy a hybrid vehicle, and 2 reasons it’s not

by | Jan 10, 2023 | Stock Market

Car shopping is more complex than ever before. Today’s shoppers must decide more than just what price they’re comfortable paying and what features they want. Buyers need to determine what energy source they prefer to fuel their cars. More Americans than ever choose to drive electric or hybrid cars. Overall, new-car sales are held down by high prices, tight inventory, and softening demand. But sales of electrified vehicles continue to grow. Figures from Cox Automotive, Autotrader’s parent company, show Americans bought 67% more electric cars in the third quarter of 2022 than in the same period in 2021.

The sale of hybrids slipped year over year, but hybrid-powered vehicles are viable options for shoppers who aren’t ready for an all-electric car. So it raises the question: Is this year the right time for you to buy a hybrid vehicle? This article will help you sort through the pros and cons of hybrids. Also see: 12 hybrids and gas cars that get the best mileageDefinitions: hybrids and plug-in hybrids Most cars use a gasoline-powered engine to move their wheels. Electric vehicles (EVs) use electric motors. Hybrid cars use both. A traditional hybrid — sometimes referred to as a hybrid electric vehicle (HEV) — uses its electric motor to get up to a certain speed, above which the gasoline engine takes over. That gives hybrids better gas mileage than their gasoline-only equivalents. They recharge their small batteri …

Article Attribution | Read More at Article Source

Share This