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A hybrid-car comeback is in the making and it could be great news for your wallet

The article from Business Insider discusses how major automakers are increasingly focusing on hybrid vehicles as part of their electric vehicle (EV) strategy in 2024. Despite the push towards full electrification, companies like Ford, General Motors, and Toyota are betting on hybrids due to several factors including consumer demand for vehicles that offer both electric efficiency and the convenience of gasoline engines. Hybrids provide a middle ground, offering better fuel economy than traditional internal combustion engines while alleviating range anxiety associated with fully electric vehicles. This shift is also influenced by economic considerations, as hybrids can be less expensive to produce and sell, and they help automakers comply with tightening emissions regulations without fully committing to the costly infrastructure changes required for EVs. The article highlights that this strategy might extend the life of hybrid technology, potentially slowing the transition to all-electric fleets as companies balance market demands, regulatory pressures, and technological advancements.

Read the Full Business Insider Article at [ https://www.businessinsider.com/automakers-bet-on-hybrids-electric-vehicle-strategy-2024-11 ]