JD Power says hybrids and diesels showing steady US market growth
Analyst J.D. Power and Associates has put together a new report projecting future market share for hybrid and diesel vehicles in the US market. The company is projecting a steady rise in market share for both powertrain types in the next few years. The report projects that Toyota will stay on top in the hybrid market maintaining a fifty percent share by 2009 down from seventy percent today. Thanks to new clean diesel engines coming mostly from European makers, oil-burners are expected to grow significantly in popularity as well. Combined share of of hybrids and diesels is expected to hit nine percent by 2009 up from a combined share of about five percent in 2006.
[Source: The Auto Channel]
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