Hybrid vehicles gain market share over electric and gasoline models

The automotive market is experiencing a significant shift toward hybrid technology across several regions. In the United States, hybrid vehicles have reached a record 16% market share as of early 2026, outpacing battery electric vehicles (BEVs), which fell to 6% following the expiration of government tax incentives in late 2025.

In Indonesia, the rise of hybrid and plug-in hybrid (PHEV) models is challenging the dominance of low-cost conventional cars. Toyota has seen a 40% increase in its low MPV segment sales due to the popularity of the Veloz Hybrid EV. Meanwhile, companies like VKTR are promoting electric commercial vehicles for the mining sector, and JAC Motors is introducing portable fast chargers to support electric trucks in remote areas.

In Vietnam, the market shows mixed results. While overall automotive sales declined in August 2026 due to seasonal cultural factors, electrified vehicles—including hybrids and EVs—remained a bright spot. VinFast continues to maintain a strong presence in the electric segment, even as traditional internal combustion engine models face fluctuating demand.