Although excluded from qualifying for IRA tax credits, U.S sales of full hybrids increased 53% year-over-year in 2023, slightly higher than the 51% increase in combined deliveries of BEVs and PHEVs. However, with 19 additional mainstream-brand BEVs slated to hit the market this year, sales of electric-only vehicles are expected to overtake hybrids in 2024.
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U.S. Sales of Full Hybrids Widen Lead on BEVs in 2023; PHEVs up 103% in December
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The Analyst Team
Haig Stoddard
Follow AnalystPrincipal Analyst, Forecast & Markets
Haig has followed the auto industry for over three decades, starting as a reporter and editor for Wards Automotive Reports, then transitioning to an automotive market analyst. He analyzes market trends related to new-vehicle demand, production, and powertrain take-rates, and forecasts vehicle connectivity and automation levels
Haig focuses on tying together demand, vehicle production, and powertrain trends. He also has created and co-created several of the company’s current analytical outputs related to forecasts, plant capacities, product cycle plans, market segmentation, and future vehicle propulsion reports. Currently, he supports the Wards Intelligence database and produces regularly scheduled and custom subscription-based posts tied to North American production, sales analysis, forecasts, and general global market analysis. He also is working on projects to help expand the company’s coverage of future trends by creating vehicle-based forecasts related to factory-installed equipment, such as ADAS and mobility.
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