Making sense of the car alphabet soup -- ICE, HEV, EV, and PHEV

When people talk about cars, they throw around a lot of TLAs (three-letter acronyms), which can be CAH (confusing as heck) for IDC (I don't care) drivers. So what is the difference between an ICE, HEV, EV, and PHEV? Does it matter, and if it does, how will it affect me?



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