Hybrids offer automakers around the world a solution for meeting fuel consumption and emission targets in many markets. They also offer a stepping-stone of sorts for automakers to make the transition from internal combustion engines to fully electric vehicles. They also alleviate some of the risk of going all-in on electric cars. Ford and Toyota, for instance, have both committed to increasing and developing their hybrid offerings. However, Volkswagen and GM are doing the opposite - they're getting rid of hybrids from their production.
In a Wall Street Journal interview, GM President Mark Reuss said that “If I had a dollar more to invest, would I spend it on a hybrid? Or would I spend it on the answer that we all know is going to happen, and get there faster and better than anybody else?” GM very clearly believes in electric vehicles and wants to be on top of the inevitable surge.