EV Hybrid Battle – The EV/Hybrid Market 2023

Table of Contents

EV Hybrid Battle – The EV/Hybrid Market 2023 🚘

According to the 2015 Paris climate agreement, global net-zero greenhouse gas emissions must be reached by 2050 to limit global warming to 1.5°C. This means that gasoline-powered vehicles must be largely phased out by that time, and as cars typically have a lifespan of 15-20 years, this would likely mean the end of a new production of gasoline-powered cars after about 2035. In anticipation of this transition, major car companies such as GM and Volvo have announced plans to produce only electric vehicles (EVs) by or before 2035. However, Toyota, the world’s largest automaker, has taken a different approach, stating that it plans to offer a range of options, including hydrogen-fuel-cell vehicles, rather than focusing solely on EVs. While Toyota does have plans for EV sales to reach 3.5 million by 2030 (or 35% of its current annual sales), the company also sees hybrids as a viable option that can significantly cut emissions. 

Hybrid vehicles, which have a small battery that helps the gasoline engine by recapturing energy during driving, can reduce emissions by about 20% compared to their fully gasoline-powered counterparts. Plug-in hybrids, which have a battery that can be charged using electricity and typically run 25-50 miles on electricity before switching to their gasoline engine, can lead to even more significant emissions cuts. However, the exact amount depends on driving and charging habits and the sources of electricity used to charge the battery. In the US, EVs have been found to correspond to 60-68% lower lifetime emissions than gasoline-powered vehicles, while in Europe, the savings are even higher at 66-69%. However, in countries with less clean electricity, EVs may produce more emissions than hybrids.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Market Recap – September 28th 💰
29 September, 2023

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Friday’s PCE price index reading.
The Crude Oil Bust 🛢
28 September, 2023

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.