Oil prices and sales of green cars are fundamentally linked, and if last summer was any proof, high oil prices do deliver a boost in sales of fuel efficient and hybrid cars. But that relationship falters if the green car tech is just too expensive. According to a report from Lux Research, even in a world where oil costs $200 a barrel in 2020 just 4 percent of vehicles sold globally will be electric vehicles and plug-in hybrid electric vehicles because of the high costs of the battery technolog
Chinese automakers may be rapidly catching up in the green car race – but the country’s environmental advancements aren’t restricted purely to the automobile. In fact, Dongfeng Electric Vehicle, a research and development arm of Chinese car manufacturer Dongfeng Motor Company, has developed a new battery management system that has been installed in its EQ6110 hybrid electric city bus – and delivers 30 per cent better fuel economy than standard city buses. The company’s engineers were tasked
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Hybrid sales were on a steady month-to-month rise until the government’s Cash for Clunkers program came along. Basically, the Cash for Clunker pulled so many hybrid shoppers into the market earlier than they’d intended to “go green,” that September saw a huge decline in sales of gas-electric hybrid cars and trucks – a huge decline of 48.4 percent. According to Green Car Advisor , only 19,977 hybrids were sold during the month of Sept., down from 38,701 in August. The decline was the first in
Green Car Revolution versus Low Gas Prices width=575 height=575 /gt; The single biggest factor determining the success of failure of hybrid and electric car technology is not tax incentives , battery prices and technology , legislation, new model introductions , or infrastructure. A gas price is the biggest factor. When it comes to green vehicles , the price at the pumps is the elephant in the room. The cost of oil is not only determinant the pump’s prices, for instance, t
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I'M GONNA TURN MY NAVIGATOR INTO A BENTLEY! I'll admit the Lexus is a nice car but I'm not willing to go this far to get one. I was driving home on I-45 north when a green car caught my attention. There was a Lexus symbol on the back of the car. I thought to myself, self, that's not a Lexus - that's a Honda. It was a Honda. The owner apparently went through the trouble to have the Lexus symbol glued on the back of the car. But it was a Honda. I know a Lexus when I see one and a Honda
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