No-haggle prices and sizeable investments in charging infrastructure are required to sell the automaker’s electric vehicles.
Reaching the Biden Administration’s goal of 50% of U.S. new vehicle sales being BEVs by 2030 is unlikely, says Jack Hollis of Toyota in a webinar.
An Edmunds analysis found that only 27.5% of all hybrid and EV trade-ins in 2016 have been applied to the purchase of another hybrid or EV, an 11.3% drop from last year’s rate of 38.5%. A larger percentage, 33.8%, of trade-ins are going toward the purchase of SUVs.
Hybrids retain less of their original value than their non-hybrid counterparts, and steady gas prices and improving fuel economy will make hybrids less appealing to consumers, the NADA reports.
New-vehicle sales in California improved for the 14th consecutive quarter in the opening quarter of 2014, with new-vehicle registration increasing 5.4% from a year ago, according to the state association.
A new study from Deloitte shows that a majority Gen Y consumers prefer an electrified vehicle over any other type of car or truck. Moreover, Gen Y consumers heavily favor hybrid gasoline-electric vehicles.
Experian Automotive found that buyers of hybrid vehicles, which make up slightly more than 1 percent of total vehicles in operation, aren't just environmentally conscience, they are 'economically minded" as well.
Gen Y's affinity for hybrid vehicles could make it the generation that leads car buyers away from traditional gasoline-powered vehicles, according to Deloitte LLP’s new survey.
Analysts at NADAguides named the 2012 Toyota Camry Hybrid XLE as the Car of the Month for September, citing key features such as the redesigned interior, improvements in handling and performance.
Ford Motor Company and Toyota Motor Corporation announced plans to jointly develop a hybrid powertrain system for light trucks and SUVs. The agreement, expected to be finalized next year, will allow both companies to speed up the delivery of more affordable hybrid systems.
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