In recent years, there has been a growing emphasis on transitioning to electric vehicles (EVs) as a means to reduce carbon emissions and combat climate change. However, Ford, Toyota, and other car brands are not ready to abandon gas – electric hybrid cars just yet. These brands recognize the benefits of hybrid tech and are planning to revive and invest in this segment of the market. Ford, Toyota, and Stellantis produce and sell hundreds of thousands of hybrid cars in the United States in the next five years.
Tim Ghriskey, senior portfolio strategist at New York-based investment management firm Ingalls & Snyder, said that in the U.S., hybrid cars “do” serve a lot of people. He also claims that hybrid cars are a “good substitute” for pure electric cars and are more likely to be sold.
Sam Fiorani, vice president of AutoForecast Solutions, said: “As emissions requirements tighten, hybrid cars provide cleaner energy without requiring buyers to directly purchase pure electric vehicles .”
The Rise of Gas-Electric Hybrid Cars
Gas – electric hybrid cars combine an internal combustion engine with an electric motor and battery. This combination allows for better fuel efficiency and reduced emissions compared to regular gas cars. While hybrids have been on the market for several years, they have not been so popular. This is because they are overshadowed by the rise of fully electric cars. However, recent developments suggest a resurgence of interest in hybrid technology.
S&P Global Mobility estimates that hybrid car sales will more than triple over the next five years. The estimate claims that it will account for 24% of new U.S. car sales by 2028. The sales of pure electric cars will account for about 37%, and the remaining gas cars will account for nearly 40%.
Stellantis said hybrids now account for 36 per cent of Jeep Wrangler sales and 19 per cent of Chrysler Pacifica sales. “The group is very bullish on the future of hybrids,” a Stellantis spokesman said.
Ford’s Commitment to Hybrid Vehicles
Ford is the latest brand to roll out a “more aggressive hybrid plan”. During a Q2 earnings call in late July, Ford Chief Executive, Jim Farley said Ford expects sales of hybrid cars to quadruple over the next five years. The company also pledges to go all-electric in the coming years.
Ford, one of the leading automakers in the world, has made big strides in hybrid cars. In 2017, Ford announced that it would launch 13 new electric and hybrid models by 2020. The company’s CEO, Mark Fields, stated that Ford believes global offerings of electric cars will exceed gas cars within the next 15 years. This commitment shows Ford’s belief in the long – term viability of hybrid technology.
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One of Ford’s notable hybrid models is the F-150 pickup truck. Ford plans to equip the F-150 with a hybrid drivetrain, allowing it to serve as an on-site generator. This innovation shows the versatility and practicality of hybrid cars in various use cases.
Toyota’s Extensive Lineup of Electrified Vehicles
Hybrid cars have historically accounted for less than 10% of total U.S. sales. However, Toyota’s long – selling Prius (Prius) is one of the most popular models. Despite the large funding for pure electric cars, hybrid cars will play a key role in the company’s “long-term plan” for electric cars.
Toyota, known for its pioneering work in hybrid tech with the Prius, continues to be a major player in the hybrid market. The company offers a wide range of electric powertrains, including hybrid (HEV), plug-in hybrid (PHEV), all-electric (BEV), and fuel cell electric (FCEV) cars. Toyota’s commitment to providing users with choices and reducing its carbon footprint is evident in its extensive lineup.
Toyota’s vision, called “Beyond Zero,” aims to reach beyond carbon neutrality and make a positive impact on the planet and society. The company currently offers more low and zero emissions cars combined than any other brand. This boldly shows its commitment to environmental sustainability.
While Ford and Toyota are leading the charge in reviving hybrid cars, other car brands are also showing interest in this technology. S&P Global Mobility estimates that hybrids will more than triple over the next five years. It will account for 24% of U.S. new car sales in 2028. This estimate shows a growing market for hybrid cars and the potential for other car brands to join the trend.
The Future of Hybrid Cars
The revival of gas – electric hybrid cars by Ford, Toyota, and other car brands shows a solid belief in the pros of hybrid technology. While fully electric cars have gained huge attention, hybrids offer a practical and efficient option for users. This is a go-to car for users who may not be ready to make the full switch to EVs.
Hybrid cars provide better fuel efficiency, lower emissions, and a decent driving experience for users. They also offer the flexibility of using both gas and electricity. This removes the range anxiety that is associated with fully electric cars. As tech continues to advance, hybrid cars may become even more efficient and cheaper. This will make them a good option for a wide range of users.
Ford, Toyota, and other car brands have plans to revive gas – electric hybrid cars. These brands recognize the benefits of hybrid technology and are putting funds in this segment of the market. With their interest in giving users more choices and reducing carbon, hybrid cars are poised to play a huge role in the move to a more sustainable transportation future.