Carmakers are making more hybrid vehicles than ever. Here’s who is dominating the market.

marekuliasz // Shutterstock Carmakers are making more hybrid vehicles than ever. Here’s who is dominating the market. Demand for hybrid vehicles is surging, and carmakers are quickly shifting gears to stay relevant in the market. In model year 2023, sales of hybrid vehicles hit a new high, comprising 13.6% of all production. The rise continued in 2024, with sales of gas-electric hybrid vehicles in the United States increasing five times faster than that of fully electric automobiles in February, according to financial services firm Morgan Stanley. Meanwhile, the demand for fully electric cars has cooled. The General examined data collected from the Environmental Protection Agency to see which car manufacturers produced the most hybrid vehicles in 2023 and how their output changed over time. As demand for gas-hybrid vehicles surges, manufacturers like Ford and Toyota and car manufacturer and supplier Schaeffler are expanding their production capacity. In 2023, 29% of Toyota’s sales were hybrid vehicles. The figure is expected to reach closer to 45% by the end of this year. Sales of the Jeep Wrangler plug-in hybrid increased from 37% of total Wrangler sales in the first half of 2023 to 50% in the second half of last year, according...