Low gas prices pose a problem for efficient vehicles coming to market
Similarly, the Nissan Leaf, Chevrolet Volt and next year's Focus Electric will no doubt appeal to the early adopters, but each of those vehicles needs to find a broad mainstream audience if they are to succeed. Even with tax incentives, each of those vehicles will command a significant price premium. Unless gas prices start to go back up toward $4 a gallon, the huge investments the auto companies made in those vehicles will be very hard to recoup. Of course, the chances of Congress raising fuel taxes any time in the foreseeable future are virtually nonexistent. Sigh.
[Source: Automotive News – sub. req'd]
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models