CNBC | Why Hybrids Are Beating EVs In The U.S. @CNBC | Uploaded April 2024 | Updated October 2024, 1 day ago.
When Japanese automaker Toyota first brought hybrids to the U.S. in the early 2000s, they were at the cutting edge of green transportation. But soon after, EVs stole the spotlight. Elon Musk-led Tesla disrupted the auto industry and nearly every major legacy automaker scrambled to take part in the coming EV revolution. With almost no fully electric vehicles, the once vanguard Toyota looked behind the times. However, as of early 2024, EV sales are leveling off and hybrids are making a comeback. Automakers such as Ford, BMW, Mercedes, Hyundai and General Motors are all either pulling back on EV production or boosting the manufacture of the humble hybrid. The vast majority of hybrids are standard ones - with an engine and backup battery. But plug-in hybrids are a growing category. Automakers such as GM are reintroducing them to North America.
Chapters:
00:00 – 01:55 Intro
01:56 – 05:42 The hybrid surge
05:43 – 09:36 EV troubles
09:37 – 14:46 What’s next
Producer: Robert Ferris
Editor: Darren Geeter
Animation: Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Toyota, Tesla, Ford, Volvo, Hyundai
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Why Hybrids Are Beating EVs In The U.S.
When Japanese automaker Toyota first brought hybrids to the U.S. in the early 2000s, they were at the cutting edge of green transportation. But soon after, EVs stole the spotlight. Elon Musk-led Tesla disrupted the auto industry and nearly every major legacy automaker scrambled to take part in the coming EV revolution. With almost no fully electric vehicles, the once vanguard Toyota looked behind the times. However, as of early 2024, EV sales are leveling off and hybrids are making a comeback. Automakers such as Ford, BMW, Mercedes, Hyundai and General Motors are all either pulling back on EV production or boosting the manufacture of the humble hybrid. The vast majority of hybrids are standard ones - with an engine and backup battery. But plug-in hybrids are a growing category. Automakers such as GM are reintroducing them to North America.
Chapters:
00:00 – 01:55 Intro
01:56 – 05:42 The hybrid surge
05:43 – 09:36 EV troubles
09:37 – 14:46 What’s next
Producer: Robert Ferris
Editor: Darren Geeter
Animation: Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Toyota, Tesla, Ford, Volvo, Hyundai
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk
Connect with CNBC News Online
Get the latest news: cnbc.com
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
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Why Hybrids Are Beating EVs In The U.S.
