J.D. Power's recent study indicates that plug-in hybrids (PHEVs) are pricier and less satisfying for buyers, contradicting claims they are the optimal choice for electrification.
Despite claims that plug-in hybrids provide a pragmatic solution for consumers, they constitute just 2% of the automotive market. The demand for EVs and hybrids is outpacing PHEVs.
The notion that everyone desires plug-in hybrids is mostly a myth; they have not gained significant traction in the market, unlike traditional hybrids and electric vehicles.
While both hybrids and EVs comprise about 10% of the market, the growth of plug-in hybrids has stalled, indicating a shift towards full electric or traditional vehicles.
#plug-in-hybrid-vehicles #electric-vehicles #market-analysis #consumer-satisfaction #automotive-industry
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