Ford better get ready to increase its hybrid production
In just a few years, shoppers of Honda hybrid cars will face a tough decision.
Should they buy the cheapest and smallest Honda hybrid, the Fit or the larger Honda Insight? Or, for those not interested in hatchbacks and desiring a little more passenger space, the Civic hybrid might be better . Then again, maybe some Honda hybrid consumers won’t care about size, but instead prefer something sporty like the CR-Z sports hybrid.
So, why is Honda going hybrid crazy? Well, perhaps they’ve seen JP Morgan’s latest hybrid prediction. By 2020, according to JP, hybrid sales in the US will reach 19.4 percent of the new car market.
Shoot. If gas prices pull another 2008 in the next few years, I’d say that JP is underestimating the hybrid market. In fact, the way that Honda is ramping up its hybrid efforts, I wouldn’t be surprised if Honda was hybrid-only by 2020.
Now, US automakers, that’s a whole other story.
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