Hybrid Jungle

A study by J.D. Power and Associates estimates that 7% of the car market will consist of hybrid vehicles by the year 2015, more than tripling the current 2.2%. High gas prices, and the government mandated 35mpg are going to play a big role in the production and adoption of fuel efficient vehicles. Sales of four cylinder are expecting increases between 30%-35% and diesel powered vehicles are expected to increase by 10%.

Cost is the significant reason why diesel powered and flex fuel are expected to outpace hybrid sales during this time. Unfortunately, hybrid vehicles are expected to have a premium price for the foreseeable future. While Toyota already has fuel efficient cars in their lineup, they see hybrid vehicles as the future and are planning to sell one million hybrid vehicles per year starting in 2010. While electric and fuel cell vehicles are the cleanest, they will only be available in small numbers by 2015.

Source: Detroit News

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