PHEVs make a lot of sense for traditional automakers faced with battery-powered losses
Global passenger electric vehicle sales have continued to grow. However, plug-in hybrid electric vehicle sales have significantly increased year-on-year, leaving their battery-only counterparts trailing.from Counterpoint, PHEV sales significantly rose in the first quarter of 2024, with a 46 percent year-on-year growth. Battery Electric Vehicles registered just seven percent growth.That said, there are plenty of issues with BEVs to put customers off.
Overall EV sales grew by 18 percent year-on-year, with China being the clear leader with a 28 percent uptick. Growth in the US was considerably more modest, with two percent overall growth recorded and a three percent drop in BEV sales.
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