Are Hybrids Still a Smart Purchase for Families in 2024?

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It’s likely that many — perhaps the majority of — Americans will be driving environmentally friendly vehicles one day. Although many governments around the world have steered future legislation toward electric vehicle (EV) use in particular, hybrid cars are enjoying a resurgence right now and are a smart option for those looking for a new family vehicle.

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Americans love their internal combustion engine (ICE) vehicles, but as EV sales growth continues to sag, many are turning to hybrids to transition between traditional options and environmentally friendly electrified choices.

For American families, hybrids provide everything they’ve come to expect when buying a gasoline-fueled car, like ample space, technology, features, reliability and resale value. But they also offer improved cost efficiency and fuel economy, all while producing reduced emissions.

Hybrids combine two different types of power sources to propel the vehicle, typically an internal combustion engine (ICE) and an electric motor. This pairing provides improved fuel efficiency and lessened environmental impact, things important to many of today’s families.

Hybrid technology was introduced in the late 1990s, so automakers have had decades to make them as appealing to the average car buyer as possible. As Kelley Blue Book (KBB) noted, “What makes a good hybrid family car are the same elements that make any vehicle a good pick for families,” which includes the following characteristics.

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Reliability

Part of the reason hybrids are a great choice for families is their reliability and safety ratings. According to Consumer Reports’ 2023 Annual Auto Reliability Survey, hybrids are 26% more reliable than internal combustion engine vehicles.

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Fuel Efficiency

Hybrids are designed to use both a gasoline engine and an electric motor, which can significantly improve fuel efficiency. They are more efficient than comparable conventional vehicles — especially in stop-and-go driving — due to the use of regenerative braking, electric motor drive/assist and stop-start technologies.

Interior Space

Interior space is a deciding factor for a family shopping for a new vehicle. Luckily, space isn’t compromised in modern hybrids, as they come in all shapes. Depending on the size of your family, there’ll be a compact or three-row SUV to suit your needs.

Environmental Impact

American drivers are looking for ways to minimize their impact on the planet, and hybrids produce fewer emissions compared to traditional gasoline-powered vehicles. This enables environmentally conscious families to reduce their carbon footprint.

Cost Savings Over Time

Hybrids tend to cost more than gas-powered vehicles (but less than EVs) up front. However, the savings on fuel more may make up the difference over time. Some hybrids also qualify for tax incentives, further offsetting the purchase price.

Resale Value

The combination of fuel savings, sustainability and reliability means that hybrid vehicles often experience lower depreciation rates compared to traditional cars. Growing demand in the used market can give families the opportunity to get more for their hybrids on the secondary market — and a bonus for those who switch up their rides every few years.

Technology and Safety Features

As mentioned above, carmakers have had years to get hybrid features to the level that Americans drivers expect. This includes advanced tech and safety features, including large infotainment systems and enhanced safety details like adaptive cruise control and lane-keeping assist.

According to KBB, here are the best 2024 hybrid brands and models for families, both small and large.

Best Hybrids for Small Families

• 2024 Honda CR-V Hybrid (EPA Estimates City/Highway mpg: up to 40 mpg)

• 2024 Hyundai Tucson Hybrid (37 mpg)

• 2024 Kia Niro Hybrid (49 mpg)

• 2024 Toyota Corolla Hybrid (up to 50 mpg)

• 2024 Toyota Prius (up to 57 mpg)

• 2024 Toyota RAV4 Hybrid (up to 39 mpg)

Best Hybrids for Large Families

• 2024 Honda Accord Hybrid (EPA Estimates City/Highway mpg: up to 48 mpg)

• 2024 Toyota Grand Highlander Hybrid (up to 36 mpg)

• 2024 Hyundai Santa Fe Hybrid (unknown)

• 2024 Kia Sorento Hybrid (up to 37 mpg)

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This article originally appeared on GOBankingRates.com: Are Hybrids Still a Smart Purchase for Families in 2024?