Hybrid cars are heavily invested in the US

VTV.vn - Hybrid cars - combining gasoline and electric engines - are being heavily invested in by major US companies, benefiting from reduced support for electric vehicles.

After a period of little attention compared to fully electric vehicles, hybrid vehicles - that is, cars that use a combination of both gasoline internal combustion engines and electric motors - have been attracting strong investment in the US recently.

Currently, many car manufacturers in the US are adjusting their production plans to adapt to the new context, when the credit support packages for electric cars have just ended. Hybrid cars are one of the product lines that major manufacturers are focusing on in the coming time.

Toyota has announced details of its plan to invest $912 million to increase production of components and hybrid vehicles in five US states, part of a commitment to invest $10 billion in the US over the next five years, according to Bloomberg.

The move underscores Toyota's hopes that hybrids will dominate sales in the US in the future, as consumers worry about the high price of pure electric vehicles without government subsidies.

Yahoo Finance reported on another car company, Volkswagen, which received nearly $426 million in financing from Brazil's Bank for Economic and Social Development. The loan is aimed at accelerating the development of Volkswagen's hybrid vehicles and expanding exports from its Brazilian plants.

The reasons why hybrid cars have the potential to thrive in the US market have also been analyzed by many newspapers.

In an article by the AP news agency, the CEO of Volvo car company was quoted as saying that the company is steadfast in its belief in the future of pure electric cars, but the transition may not happen in a straight line because customers and the market are accepting at different speeds.

A survey by S&P Global also found that although 44% of Americans said that public charging stations in their homes were not enough, there was optimism that charging infrastructure would meet demand in the next 5 to 10 years.

While the shift to electric cars in the US market has not been as rapid as expected, global sales of electric and hybrid cars have surged, up 23% in October, driven by demand in major markets such as China and Europe.

Source: https://vtv.vn/o-to-hybrid-duoc-dau-tu-manh-me-tai-my-100251119111008491.htm