From Nasdaq: 2024-12-17 08:00:00

The debate between electric vehicles and internal combustion engine cars heats up, but most consumers are open to electric vehicles. Battery electric vehicle sales reached a record 8.9% market share in Q3 2024, especially popular among luxury car owners.

Hybrid vehicles are gaining popularity with a 10.6% market share in the light-duty vehicle market. Investing in companies leading the hybrid vehicle space could provide solid growth opportunities in 2025.

Toyota Motor Corp leads in hybrid electric vehicle sales, with a 28% increase in worldwide HEV sales. Despite short-term earnings issues, analysts predict a 20% increase in the company’s share price to $211.17.

Honda Motor Co. also excels in hybrid vehicle sales, with HEVs accounting for 25% of total sales. Although slumping sales in China affected earnings, analysts expect a 37% upside for HMC stock.

Hyundai Motor Co. is a strong performer in the hybrid electric vehicle market, with a 12.9% increase in worldwide EV sales. Analysts are bullish on Hyundai stock, with a consensus price target of $77.51, a 44% increase from its closing price on December 13.



Read more at Nasdaq:: Shift Into Growth: Top 3 Hybrid Vehicle Makers to Invest In