Sales Of Hybrid Vehicles Are Rising While PHEV, EV Sales Stagnate

(MENAFN- Investor Brand Network) Analysis published by Wards Intelligence has revealed that hybrid vehicle sales in the U.S. have continued to rise while battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV) sales stagnated and stayed flat. BEVs, hybrids, and PHEVs accounted for roughly 22% of the light-duty cars sold in the U.S. in Q1 2025, up from 18% during the same quarter in 2024, indicating a slight increase in demand for alternative energy vehicles in the U.S.

Now that the Trump administration is looking to halt federal EV tax credits , we may see more American drivers opting for more affordable hybrids over premium BEVs and PHEVs. These evolving market conditions present headwinds to EV industry players like Mullen Automotive Inc. (NASDAQ: MULN) , and they will have to come up with...

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NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company's newsroom at

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