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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Before we were saying it will be an awfully long time before we can get the costs down so people can afford it, but actually if you offset the fuel costs, people can afford it." ( Green Car Congress ). Lutz believes there will be rapid battery development over the next three to four years that will provide more energy storage.

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Tesla Q1 2024 Earnings Call Transcript: April 23, 2024

Teslarati

As people have seen the EV adoption rate globally is under pressure and a lot of other auto manufacturers are pulling back on EVs and pursuing plugin hybrids instead. Our energy business continues to make meaningful progress with margins reaching a record of 24.6 So we expect it to be more like early 2025, if not late this year.

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