TOKYO — Hybrid automobiles achieved stronger sales gains than electric vehicles in major markets last year, in a sign of EV growth hitting a slow patch.
Sales of hybrids rose 30% in 2023 in 14 countries — including China, Japan and the U.S. — to 4.21 million units, MarkLines reports. Electric vehicles and plug-in hybrids lagged with 28% growth to 11.96 million units.