Dec. 7, 2006:—Hybrid Vehicles to Increase by 2020

Summary: "A new study expects hybrid-electric vehicle demand to hit nearly 8 million by 2020, led largely by purchases in the United States and the cost of fuel.

The Freedonia Group Inc., a Cleveland-based industry research company, said an increasing demand for energy in the world, high and erratic fuel prices and stepped up standards for emissions, will increase the demand to 3.9 million units by 2015. According the study, World Hybrid-Electric Vehicles, that number will nearly double by 2020. Hybrids are more expensive than regular vehicles, an average of $1,000 to $3,000, but the report expects that disparity to shrink as production increases."

This comes as no surprise to anyone who’s ever driven a hybrid. Hybrid technology is adaptable to a wide range vehicles, making it easy to be green (sorry, Kermit).

Now if reports like these would just emphasize how much better (cleaner, cheaper to run, longer lasting) hybrids could be with the addition of factory-installed plug-in technology!

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