GM, Volkswagen say goodbye to hybrid vehicles

Auto makers for two decades have leaned on hybrid vehicles to help them comply with regulations on fuel consumption and give customers greener options in the showroom. Now, two of the world’s largest car manufacturers say they see no future for them in their U.S. lineups.

General Motors Co. GM -1.48% and Volkswagen AG VOW +0.31% are shifting the bulk of their future investment into fully electric cars, seeing hybrids, which save fuel by combining a gasoline engine with an electric motor, as only a stopgap to ultimately meeting tougher...