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Electric is more efficient, keeps working if the engine stalls, is way easy to adjust (you can hook a computer to a VW to change the steering feel), is great for speed-sensitive steering, is simple and maintenance-free.
Hydraulic is classic technology that everyone is familiar/comfortable with, is available in off-the-shelf parts for large/heavy vehicles, works if the engine is running but electricity is unavailable (not going to happen on a modern car, computer needs electricity to keep it running), and may still be cheaper.
I'm surprised, I thought it would have the Malibu's electric power steering.
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