Hybrid v Electric: what you need to know in 2024

You don’t have to be an automotive expert to know that the future of the automotive industry at large is going to be heavily reliant on battery-electric power – “electrification” is the new buzz word in town. But while car manufactures look to transition to this exciting new electric future, there are still a few key factors to consider when entertaining the EV conversation.

The biggest debate in the car industry right now is the hybrid v electric discussion: which to consider in 2024? Is one option better than the other? For the uninitiated, sales of hybrid cars, including hybrid and plug-in hybrid (PHEV) vehicles, remain the obvious choice for consumers in Australia, with new sale records reached in 2023. Data published by the Federal Chamber of Automotive Industries (FCAI) reported that 98,439 hybrid and 11,212 plug-in hybrid were sold in Australia in 2023, up 88.8 per cent from the previous year. Sales of fully-electric vehicles, on the other hand, also saw massive growth, with a total of 87,217 vehicles sold in 2023. Out of the three main types of ‘electrified’ vehicles in Australia—hybrid, plug-in hybrid and electric—plug-in hybrid (PHEV) vehicles were the least popular.

According to Jeff Mannering, Audi Australia CEO, it’s one of the most exciting times to be a part of the automotive industry.

“Australia is undoubtedly in the midst of a significant transition towards electric mobility. Whilst the journey to a fully electric industry is ongoing and advancing at a rapid rate, we’re lucky to be in a unique situation whereby we are seeing technological advancements in both hybrid and fully electric platforms,” explains Mannering.

“At Audi, we see this transition as a multifaceted evolution, with both hybrid and electric vehicles playing pivotal roles in shaping the future of sustainable transportation.”

In the luxury sector, Audi is making waves with its offerings, seeing the demand for its electric models hit an all-time high in 2023, delivering more than 178,000 fully electric vehicles to customers globally, with particularly strong demand for the Q4 e-tron, Audi’s compact electric SUV offering.

So, with all the buzz around electric vehicles, are consumer’s ready to take the plunge into the world of electrification? Mannering seems to think so, but a number of considerations still need to be factored in.

“Consumer readiness varies based on numerous factors, just a few of those being accessibility, infrastructure, and individual preferences. However, if sales figures and sentiment are anything to go off, we’ve seen a growing interest in, and uptake of, both hybrid and electric vehicles,” says Mannering.

“This increased demand results in the introduction of a number of new models and choice for Australian consumers, with more and more electric vehicles arriving on each incoming ship. It’s crucial to acknowledge that consumers are increasingly considering these options as viable alternatives, especially with the expanding availability of charging infrastructure and the advancement of battery technology.”

If you’re entertaining a new vehicle and want to make it electric, here’s some things you might want to know beforehand…

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What is an electric vehicle?

An electric vehicle—or ‘EV’— is powered by electricity and uses one (or more) electric motors powered by a battery pack to accelerate and drive, as opposed to traditional fossil fuels like petrol or diesel. Depending on the type of EV, the electric motor(s) either assist a conventional internal combustion engine (ICE) or power the car completely.

What are the different types of electric vehicles?

In the grand conversation of electrified vehicles, there’s three main types to consider: battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid vehicles (PHEV).

Are hybrids better than electric?

It depends on your individual needs, and as Mannering mentioned, on various factors such as accessibility, infrastructure, and individual preferences. While both hybrid and electric vehicles respectively present as great alternatives to your traditional combustion engine, factors need to be assessed, including driving habits, distance and range, access to charging infrastructure, and budget constraints. However, considering that 110,000 new car sales in Australia in 2023 were hybrid or plug-in hybrid—compared to 87,000 electric vehicles—it’s obvious hybrid vehicles present as a viable solution for those seeking to steer away from traditional cars, but might not be ready to plunge fully into the electric world.

“Hybrids offer a transitional solution for those who may not yet have access to extensive charging infrastructure or require longer driving ranges,” adds Mannering.

What is the downside of a hybrid car?

As we’ve made clear by now, hybrid cars offer several advantages, such as improved fuel efficiency and reduced emissions compared to traditional petrol-powered vehicles. However, there are some trade offs, like:

Cost: currently, hybrid models are associated with more complex systems across controls and batteries. While they incorporate both an internal combustion engine and electric motor, such complexity can often result in higher manufacturing costs (and potentially maintenance costs, too).
Not fully electric: As most hybrid vehicles typically have a limited range of electric-only propulsion before the combustion engine kicks in, the environmental benefits of using electric power and somewhat limited, both short-term and long-term.
Charging Infrastructure: As hybrid cars do not require charging from an external power source—unlike plug-in hybrid vehicles or fully electric vehicles—owners won’t be able to take advantage of the growing infrastructure of charging stations around the country.

Should I choose electric or hybrid car?

Again, it depends on your particular needs and circumstances. Currently, hybrid vehicles offer improved fuel efficiency without the range limitations of electric vehicles—you won’t need to rely on finding or planning for a recharge station on your next trip—but electric vehicles will, sooner or later, be the most prominent form of automotive transportation.

“On the other hand, electric vehicles represent the pinnacle of sustainable mobility and a high level of uncompromised performance, offering zero-emission driving with advanced battery technology and an ever-expanding charging network,” concludes Mannering.

Is charging an electric vehicle easy?

Easy enough! In fact, EV charging can be as easy as plugging in your phone to charge. However, you need to ensure there is a suitable charging station available. While a lot of car manufactures will offer you a charging station to install at home with your purchase, such as Tesla and Polestar, in recent years, there has been wide concern over the scarcity of electric charging infrastructure in Australia.

Typically, you will find electric charging stations at different public locations, like supermarkets, public carparks, highway service centres, and some accommodation venues. However, with the growing number of EV sales in Australia alone, the system needs stronger charging infrastructure that is robust and reliable—and readily available— and this will come down to a number of industry stakeholders and government bodies coming together to supply the demand.

There are Corvette fans for whom the base US$68,300 car is plenty powerful enough. After all, it produces 495 horsepower and can reach 60 miles per hour in 2.9 seconds. But hold on, there’s also the approximately US$115,000 Z06—with 670 horsepower and able to reach 60 in 2.6 seconds. These split seconds are important for busy people—and for marketing claims. And if that’s not enough go power, there’s the even more formidable 900-horsepower ZR1 version of the Corvette, starting around US$150,000. The hybrid E-Ray, at US$104,900, is pretty potent, too.

But if they’re still too slow, fans of American-engineered muscle can consider the exclusive Texas-built Hennessey Venom F5, a limited-edition carbon-fibre hypercar. Ten years ago, the Hennessey became the world’s fastest production car, defeating the Bugatti Veyron Super Sport, with a top speed of 270.49 miles per hour.

That world title is much sought after, and is currently held by the Sweden-built 1,600-horsepower Koenigsegg Jesko Absolut, with a two-way average top speed of 277.8 mph. But Hennessey is still very much a contender. The company is hoping the 1,817-horsepower F5 (with 1,192 pound-feet of torque) can exceed 300 mph on the track this year.

The Hennessey Venom F5 coupe is sold out, despite a more than $2 million price tag.
Hennessey photo

Hennessey’s previous Venom GT model (introduced in 2010) was based on the Lotus Exige, with a GM LS-based engine, and was built by partner Delta Motorsport. Spokesman Jon Visscher tells Penta , “The new Venom F5, revealed in 2020, is a 100%bespoke creation—unique to Hennessey and featuring a Hennessey-designed 6.6-litre twin-turbo V8 engine boasting 1,817 horsepower, making it the world’s most powerful combustion-engine production car.” Leaps in performance like this tend to be pricey.

This is a very exclusive automobile, priced around US$2.5 million for the coupe, and US$3 million for the F5 Roadster announced in 2023. Only 30 Roadsters will be built, with a removable carbon-fiber roof. The 24 F5 coupes were spoken for in 2021, but if you really want one you could find a used example—or go topless. In a statement to Penta , company founder and CEO John Hennessey said that while the coupe “is now sold out, a handful of build slots remain for our Roadster and [track-focused] Revolution models.”

Only 24 Revolutions will be built in coupe form, priced at US$2.7 million. There’s also a rarefied roadster version of the Revolution, with just 12 to be built.

The Venom F5 Roadster has a removable carbon-fibre roof.
Hennessey photo

The Venom F5 coupe weighs only 3,000 pounds, and it’s not surprising that insane speeds are possible when combined with a hand-built motor (nicknamed “Fury”) created with power uppermost. The V8 in the F5, installed in a rear mid-engine configuration, has a custom engine block and lightweight forged aluminium pistons, billet-steel crankshaft, and forged-steel connecting rods. Twin turbochargers are featured. The F5 can reach 62 mph in less than three seconds, but top speed seems to be its claim to fame.

The driver shifts the rear-wheel-drive car via a seven-speed, single-clutch transmission with paddle shifters. The interior is not as spartan or as tight as in many other supercars, and is able to handle very tall people. The butterfly doors lift up for access.

“With 22 customer Venom F5 hypercars already delivered to customers around the world, and a newly expanded engineering team, we’re focusing the Venom F5 on delivering on its potential,” Hennessey says. “Breaking 300 mph in two directions is the goal we aim to achieve toward the end of this year to claim the ‘world’s fastest production car’ title.”

Hennessey says the car and team are ready. “Now the search is on for a runway or public road with a sufficiently long straight to allow our 1,817-horsepower, twin-turbo V8 monster to accelerate beyond 300 mph and return to zero safely.” The very competitive Hennessey said the track-focused Revolution version of the F5 set a fastest production car lap around Texas’ 3.41-mile Circuit of the Americas track in March, going almost seven seconds faster than a McLaren P1.

The Revolution features a roof-mounted central air scoop (to deliver cool air to the engine bay), a full-width rear carbon wing, larger front splitter and rear diffuser, tweaked suspension, and engine cooling. It’s got the same powertrain as the standard cars, but is enhanced to stay planted at otherworldly speeds.