Demand for hybrid cars took off in 2024 as consumers turned away from pure electric vehicles.
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- As demand for EVs cooled, hybrid cars took off in 2024.
- Companies that placed early bets on hybrids reaped the rewards.
- Hybrids will likely play a big role in the electric transition.
Hybrid cars had a huge comeback in 2024.
These cars, which use a mix of battery-electric and gas power, emerged as the winner in a year when demand for EVs hit a plateau.