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Insight of the Day: Hybrid cars are making a comeback

Based on the provided sources, here is a summary of the information regarding the resurgence of hybrid cars in the automotive industry:

- Hybrid vehicles, which combine an internal combustion engine with an electric motor, are experiencing a resurgence as consumers show reluctance to fully commit to electric vehicles due to high prices and concerns about charging infrastructure.

- Many car manufacturers, including Toyota, Ford, and GM, are turning to hybrids as a reliable option due to their efficiency and cost-effectiveness compared to fully electric models

- Worldwide sales of hybrid models have been on the rise, with Toyota leading the way and experiencing significant growth in hybrid sales.

- Hybrids are particularly popular for urban driving and have been massively adopted by taxi services due to their fuel efficiency.

- Automakers like Ford and GM are adjusting their strategies by delaying some investments in all-electric vehicles and focusing more on hybrids to cater to consumer demand.

- The current climate favors hybrids due to high prices of electric cars, slow progress in battery technology, and potential changes in public policies affecting the energy transition.

- Hybrids are seen as a pragmatic way for manufacturers to lower average CO2 emissions and prepare for regulatory standards while maintaining profitability.

- Japanese carmakers like Toyota and Nissan have been successful with hybrids, with Nissan selling over 100,000 models featuring the e-Power system in Europe.

- While hybrid sales are expected to continue gaining market share, the pace of growth for electric vehicles is predicted to be steadier in the future.

This summary highlights the shift towards hybrids in the automotive industry as a response to consumer preferences, pricing challenges with electric vehicles, and regulatory considerations.

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