Electric Cars and Plug-in Hybrids (PHEVs) Enter the Market in Low Numbers, Business and Industry Trends Analysis

By 2021, most automotive manufacturers in the U.S. and around the world were investing heavily in new electric vehicles of all types.  This includes fully-electric cars and trucks as well as hybrids.  Plug-in hybrids (PHEVs) are similar to standard hybrids, but they enable the owner the option of plugging-in at home overnight to recharge the battery.  This will eliminate the need to run the car’s gasoline engine, using only battery power as long as the relatively short range isn’t exceeded.  (Standard hybrids recharge only by running the gasoline-powered side of the car, and by drawing on the drag produced by…

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