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GM Reverses Course With New Push Into Hybrids
Original: GM Embraces Hybrid Vehicles as Soaring Gas Prices Spur a Rethink
General Motors is turning back to hybrid vehicles as elevated gasoline prices force a rethink of its strategy. The automaker had bet heavily on an all-electric future and dropped hybrids from its US lineup years ago. Now the company is weighing a broader hybrid offering as consumers hesitate on full EVs and fuel costs pinch household budgets, a notable shift in the industry's transition to electric cars.
Why now: Rising gas prices are pushing both consumers and automakers to reconsider hybrids over all-electric vehicles
Evidence
- GM Embraces Hybrid Vehicles as Soaring Gas Prices Spur a Rethink · Bloomberg.com
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