Electric vehicle demand has slowed, shifting consumer financing trends in the automotive market. Hybrid vehicles now account for nearly one in six new car loans, reflecting a growing preference for fuel-efficient alternatives amid changing market dynamics. The data suggests a notable shift as buyers weigh options between fully electric and hybrid models. Analysts will be watching whether this trend signals a broader adjustment in the transition toward electrification.
Hybrids hit 16.80% of new vehicle financing as EV demand cools CBT News
