Hybrid Car Market Hyper-Hysteria
We have all heard a lot about hybrid cars lately and with gasoline prices between two dollars and three dollars per gallon we are reading many articles in the newspapers, magazines and industry trade journals too, but where are all these hybrids we have been promised? There were only 12 hybrid models on the market in 2005 – 2006.
It appears that there are now some 52 models in the works and slated for 2012 as our research indicates. There is significant demand, but still the price point is off over ,000 over reality for the average new car buyer.
More and more Americans are considering buying a hybrid car, in fact when surveyed 33% of all Americans say they would consider buying a highbred for their next car. Since the average person buys a car every three to four years that means if there were more hybrids available to buy that we would see a whole lot more on the road, but production is not keeping up.
The problem is; is that very few of the cars being built today are hybrids and part of the reason is that they cost more to build.
In fact the percentage of hybrids to regular models was less than 1% of the 17 million cars built in 2005 and 2006.
Why are people interested in buying hybrid cars? Well when asked nearly all of them said their number one reason was to improve fuel economy. And only a few really were considering their number one reason was the fact that it would help the environment.