Imagine a police chase in Manhattan where a Ford Fusion Hybrid pulls up behind the criminal followed by a few Priuses, an Escape Hybrid and a couple of Altima hybrids. Now, think of the scenario where the criminal, driving his gas-guzzling Hummer, takes off out of the city limits on a long-distance chase. A hundred miles later, the criminal creeps to the side of the road running on nothing but fumes while the NYPD hybrid crew has consumed less than three gallons per vehicle. While this scenario
United Parcel Service (UPS) has added an additional 200 hybrid delivery vehicles to its fleet of low-emissions and alternative energy vehicles. With this latest addition, UPS now has more than 20,000 green vehicles in its fleet!
What percentage of new vehicles in the U.S. will be hybrid in the year 2020? Take our poll after the jump!
According to a recent study conducted by JPMorgan, hybrid sales are about to take off. Last year, there were some 480,000 total hybrid vehicles sold around the world, which represents less than one percent of global sales. By 2020, though, JPMorgan predicts that 11.28 million hybrids will be sold annually, representing over 13-percent of all vehicles sold.
Despite all the clamor about how hybrids are going to save the planet, cure cancer, facilitate the second coming, etc., sales of battery-pack-mobiles are down nearly ten percent for 2008. At the beginning of 2008, it looked like hybrids were going to have their best year ever, driven by high fuel prices and a recessive economy. That recession, however,has caused consumers to cut way back, leading to dramatic drop in fuel prices, killing much of the argument for a hybrid's price premium. Consumer