US Hybrid Car Sales Increase with Gas Prices
US car buyers are choosing hybrid vehicles due to high gas prices.
US hybrid sales rose 37% in two months, outpacing the overall car market.
Fully electric cars have not attracted the same interest as hybrids.
US electric vehicle sales rose 11% in two months, below the overall sales pace.
US shoppers are less interested in EVs compared to Europeans.
In the UK, EV sales jumped 79% in two months, outpacing the broader market.
Analysts point to reasons why hybrids are popular in the US.
Hybrids are less expensive and have more models available.
Higher gas prices increased interest in hybrids.
Digital data shows growing interest in hybrids and EVs.
Car dealer Brad Sowers says customers are looking at every penny.
Toyota has benefited from the growing popularity of hybrids.
Toyota's electrified sales in the US grew 34% in two months.
The rise in fuel prices has not affected some car shoppers.
Car dealer Todd Szott says customers are sensitive to gas prices but look for deals.
Many pickup trucks are still being sold.