Automakers with strong hybrid offerings are outperforming competitors as high gas prices and waning EV demand impact U.S. vehicle sales. Toyota, Honda, Hyundai, and Kia reported significant hybrid sales growth, while GM saw a decline due to its limited hybrid lineup.
Delhi's Group of Ministers is divided on whether to offer incentives for strong hybrid vehicles in the upcoming EV Policy 2.0, which aims for a 50% waiver on road tax and registration fees for hybrids up to Rs 30 lakh. The debate pits zero-emission advocates against those seeing hybrids as a transitional technology.
Toyota is significantly closing the U.S. sales gap with General Motors, driven by strong hybrid demand and a slowdown in all-electric vehicle sales. Cox Automotive forecasts Toyota's sales up nearly 1% and GM's down 7.2% in H1, suggesting Toyota could potentially surpass GM by year-end.
BYD saw a 232% surge in vehicle registrations in Germany in May, with one in seven plug-in hybrids sold coming from the Chinese automaker. The company aims to become the world's largest carmaker by volume within five years.
Hyundai is recalling 54,337 hybrid vehicles (2024-2026 Elantra Hybrid) due to a fire risk from overheating power control units. Tesla also recalled 173 Cybertrucks for wheel stud separation risk and over 200,000 EVs for inoperable rearview cameras.
Oregon voters are deciding on Measure 120, a referendum to repeal a recent gas tax increase. Amidst nationwide price surges, the measure faces challenges, with Republicans aiming to capitalize on affordability concerns.
