Cash for clunkers worked? According to the National Transportation Safety Administration the ‘Cash for Clunkers’ program led to a sales surge in small vehicles and hybrid cars, particularly the Toyota Prius. The Prius was the 4th most purchased vehicle via the clunker program. Now, I’m not calling the clunker program a success, but last week I predicted [...] [...]
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The Obama administration announced today .4 billion in grants to car companies and battery-makers, setting the course for US manufacturers to build next-generation auto batteries for hybrid and plug-in cars. Michigan-based companies received approximately half of the funds. Workers at Johnson Controls assemble lithium ion automotive [...] [...] Will these save the US auto industry? Just a short while ago, President Obama officially announced his plan to provide some billion in grants to develop a battery industry in the US claiming that ‘We failed far too long to invest in innovative technology’. Such as the billion GM lost on the EV1? Such as the [...] [...] Just not enough batteries Toyota cannot keep up with Prius demand due to a shortage of battery packs according to Toyota senior managing director Takahiko Ijichi. Toyota has the capacity to produce 500,000 Prius hybrids per year, but so far Panasonic EV Energy Co has not been able to match Toyota’s output. However, by next summer, [...] [...] Rebates wouldn’t bring more into the Prius? According to a new study, people that buy hybrid vehicles would buy them whether tax credits are available or not. Moreover, if hybrids were not available, these people would be buying other fuel efficient products. Therefore, according to an author of the study, those buying hybrids are having a [...] [...] A big hit by 2021? Bob Lutz hates the Toyota Prius. Several years ago Lutz stated that GM could have easily developed a Prius-like hybrid using just a fraction of one year’s marketing budget – since Lutz believed, maybe still believes, that the Toyota Prius was only a PR gimmick, not a real product. Instead, however, GM [...] [...] With nearly all gas-electric hybrid cars qualifying for the Cash for Clunkers vouchers, hybrid sales in July grew to 3.55 percent of the new car market—its largest market share ever. New car dealers sold 35,429 hybrids, with more than half of the sales coming from the Toyota Prius. Hybrid sales jumped by 35 percent in [...] [...] |
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