With the popularity that hybrid vehicles are enjoying in the media and with all the attention they have been getting from environmentalist groups and advocates, one wonders how sales of these hybrid cars are going. Let us look at some secondary data provided to get a glimpse at just how marketable these hybrid cars are.
As of the first quarter of 2007, data from Forbes show that in the US alone, hybrids garnered a combined sale of more than 17,000 units, a remarkable 10% increase from the same period in 2006. The demand is definitely rising, and this demand is translating into actual sales. Sale of hybrid vehicles vis–vis the total number of light-duty vehicles sold also increased by as much as 1.4% compared to previous year levels. This only means more and more buyers prefer hybrids to conventional-fuel models.
Why the Rush to the Hybrid Section?
As fuel prices soar, more and more car buyers are prompted to go for hybrid cars. Since 2003, hybrid car-makers have been raking in profits from hybrid car sales. In 2004 in the US alone, hybrid car sales were almost 88,000 units. And with the increasing awareness about climate change and global warming,...
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