I work in Vancouver, BC, Canada and our gas prices just hit $2.09 per 1 litter of regular. For US folks 1 Gallon = 3.8 litters. Do the math. It's insane right now for anyone to buy anything non PHEV or at the very least hybrid. Prices are still expected to go even higher. With our traffic I'm getting 17mpg on a good day. I honestly think Hyundai lost the grip with reality by not offering hybrid version. This is my last ICE car - that I know for sure. And I was the one actually who opposed EVs in the past. However, with prices like that I'm forced to change. I don't think paying that much money for transportation is acceptable.
Completely agree. Unfortunately, there aren't enough battery capacity to meet the demand for PHEV, HEV and fully EV vehicles, so there is going to be sustained supply constraints. Which means prices will remain very high, inventory will be essentially non existent. Speaking of inventory, I noticed that some of the hybrid offerings (for example Hyundai Santa Fe and Tucson) are not offered, as of now, for 2023MY and Hyundai is not taking new orders, Kia just announced availability of 2023 Kia Sportage Hybrid and the PHEV in fall, but I expect demand to be very high and supply very low. To put this in perspective, I hear that the wait time for new orders for 2022 Toyota Sienna (only hybrid is available) is 1.0-1.5 years, that's insane time to wait. For folks that drive a lot, for sure, they gonnna want so form of electrification in their new vehicles. For me (probably in the minority), I drive maybe 6000 - 8000Km per year, for ownership around 5-7 years so I do not care much for electrified car as the current fuel advantage will not be offset by the price premium.
That said, I agree with you Dan. It's insane that Kia/Hyundai is not prioritizing (for 2023MY) some slice of electrification in their bigger SUVs; there's talk of the Kia EV9 late 2023 and perhaps the Hyundai cousin will follow suit shortly, but it's going to be very pricey (rumours of at least $50,000 USD for the base Kia EV9), and out of reach for most folks. I think ICE vehicles will be around for a much longer time (no matter the price of gasoline at the pumps) until the demand-supply and price premium gaps are abridged, charging infrastructure/speed is more robust and widespread and range anxiety issues (for EVs) have been addressed.