Why hybrids — not EVs — are winning over US consumers
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- Edmunds reports new EV sales fell roughly 18% from March to April.
- Cox Automotive reports new EV sales fell about 6% from March to April.
- Cox Automotive reports the average transaction price for an EV in April was $6,214 higher than for internal‑combustion‑engine vehicles.
- Edmunds data shows hybrid sales are up 20% year‑over‑year and nearly 50% since February.
- Cox Automotive reports used EV sales rose 3% from March to April, with a price premium of $1,096 over used internal‑combustion vehicles.
Why it matters: Consumers who can’t afford the $6,214 EV premium turn to hybrids, boosting hybrid sales 20% YoY, while automakers banking on EV growth face slower demand and tighter margins.
