02 Apr '11, 7pm
March 2011 Dashboard: Hybrid Car Sales Triple Increase of Auto Market
The dramatic percentage gain in hybrid sales is, of course, due to higher fuel prices, but it is also due to the general economic recovery, which makes people more comfortable buying non-traditional vehicles. Buyers are moving from the "have to buy" rationale to the "want to buy" rationale. Thus, the continuing recovery augurs well for the hybrid and electric vehicle market, which will be providing more products to choose and higher volume production in the coming months and years. For example, the sales numbers and market share will continue to grow with the coming release of the Hyundai Sonata Hybrid and the larger version of the Toyota Prius, the V model.