Hybrid-car sales rise along with gas prices
Key takeaways
- Add ARY News on Google AAResize Many American car buyers are gravitating to hybrid vehicles to offset the recent surge in gas prices from the Iran war, according to fresh industry sales data and dealers.
- US hybrid sales rose 37% in the two months since the Middle East conflict began at the end of February, according to data from research firm Motor Intelligence.
- But fully electric cars have not attracted the same level of consumer interest, even as U.S. gasoline prices topped $4, hitting a four-year high in late April, according to data from the American Automobile Association.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Many American car buyers are gravitating to hybrid vehicles to offset the recent surge in gas prices from the Iran war, according to fresh industry sales data and dealers.
US hybrid sales rose 37% in the two months since the Middle East conflict began at the end of February, according to data from research firm Motor Intelligence. That outpaced the sales growth of the overall car market, which was up 15% in that period.
But fully electric cars have not attracted the same level of consumer interest, even as U.S. gasoline prices topped $4, hitting a four-year high in late April, according to data from the American Automobile Association.