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Schaeffler says EV boom gives way to rise in hybrid demand

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Schaeffler is slowing the ramp-up for components for full-electric vehicles as drivers in the U.S. and China prefer to buy hybrid vehicles with growing uncertainty around the speed of EV uptake.
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Schaeffler says EV boom gives way to rise in hybrid demand

The Future of Hybrid Vehicles: Schaeffler CEO Stays Bullish

Introduction

In a rapidly evolving automobile landscape, Schaeffler CEO Klaus Rosenfeld remains optimistic about the future of hybrid vehicles amidst the growing popularity of electric vehicles (EVs). With advancements in both hybrid and EV technologies, vehicle owners face crucial decisions about their next automotive investment.

The Case for Hybrid Vehicles

Maintaining Versatility and Convenience
Hybrid vehicles offer a unique blend of traditional gasoline engines and electric power, providing versatility that pure EVs currently struggle to match. Hybrid cars often come with:

  • Extended Range: Unlike EVs that rely solely on battery power, hybrids can switch between electric and gasoline power, offering longer driving ranges without needing frequent recharges.
  • Convenient Refueling: Hybrid owners can refuel at traditional gas stations, eliminating the anxiety of finding charging stations on long trips.

Environmental Impact
While EVs are lauded for their zero-emission profiles, hybrids also contribute substantially to reducing pollution:

  • Lower Emissions: By leveraging electric power for part of their operation, hybrids produce lower CO2 emissions compared to traditional gasoline vehicles.
  • Transition Technology: Hybrids serve as a

Credits:https://europe.autonews.com/suppliers/schaeffler-ceo-klaus-rosenfeld-bullish-hybrids-cool-evs

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