The demand for electrified vehicles, including hybrid vehicles, plug-in hybrids, and pure electric vehicles, has been slacking for the last few months.
Past the end-of-the-year rush to take advantage of federal and state plug-in vehicle incentives, and add to this the fairly stable price of fuel, it’s the perfect recipe for stagnant hybrid vehicle sales. Summer is just around the corner, bringing with it trips to the beach [or the mountains], summer vacations, cookouts at the lake, and whatever else we love to do as a nation to enjoy ourselves when the sun finally comes out of hiding after Spring mayhem.
With all these summer activities comes a corresponding increase in the demand for fuel, and thus the rising price of fuel. May hybrid vehicle sales seem to reflect concern for this natural cycle of fuel prices following supply and demand. This year, hybrid vehicles, overall, saw a 30% jump in sales over last year at the same time. Plug-in hybrids and electric vehicles saw a 69% jump in sales as well.
May hybrid vehicle sales were dominated, of course, by Toyota, including the Toyota Prius as well as ‘c’ and ‘v’ variants. Avalon and Lexus hybrid sales also saw increases. All told, Toyota’s hybrid vehicle lineup nearly hit 34,000 unites in May alone, compared to 29,000 last May. Other automakers saw increases as well, including the Nissan Leaf, Ford Fusion Hybrid and C-Max, and the Honda CR-Z. Plug-in hybrids and electric vehicles saw increases, most notably the Toyota Prius Plug-In, Ford Fusion Plug-In and Focus Electric. Honda Accord Plug-In and Fit EV sold a few units, but are still too new to tell how popular they’ll be. Tesla Motors doesn’t release monthly production and delivery numbers, so it’s anyone’s guess how well they’re doing.