Subscribe to daily environment news





 

Click for news Click for pictures
National Tree Day

Planet Ark Home


Sales of Hybrid, Diesel Cars Seen Surging in United States
Mail this story to a friend | Printer friendly version

USA: June 29, 2005


DETROIT - US sales of hybrid and diesel vehicles will likely more than double in the next seven years, cornering up to 11 percent of the market on the back of rising gasoline prices, according to a study released on Tuesday.


Gas-electric hybrid vehicles, which accounted for 0.5 percent of the US market in 2004, are expected to increase to 3.5 percent market share by 2012, while diesels are expected to grow from 3 percent market share in 2004 to 7.5 percent, the study released by J.D. Power-LMC Automotive Forecasting Services said.

It estimates hybrid and diesel vehicles will account for 4.8 percent of the total US market this year.

US sales of fuel-sipping hybrid vehicles have grown rapidly over the past few years as high oil prices have cast a spotlight on fuel saving technology. The "green" vehicles are still produced in relatively small volumes, however.

"Higher gas prices are acting as a catalyst for automakers and consumers to find alternatives to the traditional gasoline internal combustion engine," Anthony Pratt, senior manager of global powertrain forecasting at the group, said in a statement.

Hybrid vehicles twin a regular gasoline engine with an electric motor and battery in which the act of braking captures lost energy, enabling vehicles to save fuel and emit fewer pollutants.

Japan's Toyota Motor Corp., which sells the popular Prius hybrid car, is a world leader in the technology along with Honda Motor Co. Ltd., which sells the Insight and hybrid versions of its Civic and Accord cars.

Detroit's Ford Motor Co. last year became the first automaker to sell a hybrid version of a sport utility vehicle, while General Motors Corp. is also aiming to introduce the technology on its bigger vehicles.

The study shows the number of hybrid vehicle models on the market is expected to increase from 10 in 2005 to 44 by 2012, while the number of diesel models is expected to grow from 14 to 26.

"The bulk of the growth in hybrid models will be in SUVs and mid-size cars," Pratt said. "The bloom of diesel vehicles will be in the pickup truck segment, as well as the luxury car and SUV segments."

However, tighter US emissions standards and consumers' perception of diesel engines as noisy and inefficient will be a limiting factor in their popularity, Pratt said.


REUTERS NEWS SERVICE

Reuters



© 2008 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters.
top

 
TODAY'S
ENVIRONMENT
NEWS

AUSTRALIA:
BHP To Dig New Australia Uranium Mine After Ban

AUSTRALIA:
Britain's BP To Close Australian Solar-Cell Plant

AUSTRALIA:
Kangaroo Genes Close To Humans; Came From China

BOLIVIA:
Bolivian Farmer Leads To Dinosaur Discovery

CHINA:
China Cuts Key Water, Air Pollutants In Early 2008

CHINA:
China Farmer Avoids Jail In Fake Tiger Photo Trial

CHINA:
China To Spend $3 Billion On Water Projects

HUNGARY:
Big Underground Thermal Lake Unveiled In Hungary

IRAN:
Quake Shakes Southwestern Iran, Media Say

ITALY:
Rainforest Nations Want Coordinated Carbon Effort

LIBYA:
INTERVIEW - Long-Isolated Libya Plans New Archaeology Drive

NORWAY:
IEA To Push Carbon Storage At Poznan Climate Talks

RWANDA:
INTERVIEW - Rwanda Uses Lake's Methane For Power Generation

THE NETHERLANDS:
INTERVIEW - Biopetrol Starts Up Biodiesel Plant In Rotterdam

UK:
ANALYSIS - British Carbon Sale To Swell Government Revenues

US:
Obama Vows Climate Action Despite Financial Crisis

US:
Cap Carbon To Spur Economy - US Business Leaders

US:
FEATURE - Will Detroit's Cash Crisis Kill The Electric Car?

US:
California Seeks One Third Renewable Power By 2020

VIETNAM:
Flood Warning In Vietnam, But Storm Spares Coffee



previous day