Hybrids keep moving as new cars sales stall

Hybrids keep moving as new cars sales stall
Brent Melville
Consumer spending on durable goods rose by about 5 percent last year, but that didn’t translate to the showroom floor as new vehicle registrations decelerated 23 percent to 119,398 vehicles sold, 35,081 fewer than in 2019.Motor Industry Association data shows that with the exception of a 32 percent increase in sales of hybrid vehicles — up by 2,789 units to 8,664 units — car sales were down across the board in 2020. Spending on pure electric vehicles and plug-in hybrids, or PHEVs, dropped more than a fifth to 1,519 units and 7...

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