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Hybrid sales are rising as gas prices climb, but GM has few models to offer while Toyota and Honda gain ground.
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Hybrid vehicles reached 16% of U.S. light-duty vehicle sales in Q2 2026 as battery electric vehicles fell to 6%, driven by expired EV tax credits, lower hybrid costs, and charging infrastructure concerns. Toyota, Honda, and Hyundai Motor Group control 86% of the hybrid market. This shift is expected to benefit automotive ETFs holding traditional automakers, with hybrids projected to capture 34% of market share by 2030.
Ford Motor Company announced a $1 billion investment in a new state-of-the-art paint shop at its Kentucky Truck Plant, with construction expected to begin by year-end. This investment adds to Ford's recent $2 billion commitments for EV platform transformation at Louisville Assembly Plant and battery energy storage systems production in Glendale, reinforcing its long-term manufacturing presence in Kentucky.
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