Cars
As with any goods that pass the "tipping point" and become mainstream consumer products, manufacturing costs for automotive hybrid systems are bound to drop over the next few years. A report from JPMorgan Chase & Co that was released yesterday says that automakers may cut production costs for hybrid systems as much as 67% over the next decade as it is forecasted that the global market for hybrid vehicles will grow an amazing 16-fold to 9.6 million units over the same period representing a 10.2% stake of the overall market. -Continued
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- Hyundai Begins Receiving Orders For Its First-ever Hybrid Model
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- Fiat Readying Petrol & Diesel-electric Hybrid Cars And Vans
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Cars
Hybrid System Costs to Drop More than 65% Over the Next Decade
As with any goods that pass the "tipping point" and become mainstream consumer products, manufacturing costs for automotive hybrid systems are bound to drop over the next few years. A report from JPMorgan Chase & Co that was released yesterday says that automakers may cut production costs for hybrid systems as much as 67% over the next decade as it is forecasted that the global market for hybrid vehicles will grow an amazing 16-fold to 9.6 million units over the same period representing a 10.2% stake of the overall market. -Continued
The report claims that today, the average cost of a hybrid system used in a gasoline engine that consists of an electric motor, batteries, a control unit and other electric components is estimated at $5,869. In 2018, the same system will cost just $1,919.
Via: Bloomberg
- Nissan To Axe Altima Hybrid At The End Of The 2011 Model Year
The current Nissan Altima Hybrid is counting days (well, more like months) in the U.S. as the Japanese automaker plans to drop the gasoline-electric hybrid model from its lineup at the end of the 2011 model year, according to a report from Autonews....
- Obama Speaks At New Battery Plant, Tries Out Chevy Volt Driver's Seat
U.S. President Barack Obama had the chance to get behind the wheel -but not on the road- of the new Chevy Volt during a visit today at the Compact Power battery plant in Holland, Michigan. The new plant, which is being built by a U.S. unit of South Korea's...
- Hyundai Begins Receiving Orders For Its First-ever Hybrid Model
Hyundai has officially started accepting orders in South Korea for its first-ever hybrid model, the Elantra LPI HEV, ahead of the car's market launch on July 8. Billed as the world's first hybrid electric vehicle to be powered by a Liquefied Petroleum...
- Jeep Ev: Plug-in Hybrid Study Hints At Production Version
The Jeep EV is one of three electric-drive prototype models revealed today (see here) by Chrysler LLC. Unlike the Dodge EV that is equipped with an all-electric drivetrain, Jeep’s proposal that is based on the 5door Wrangler Unlimited features...
- Fiat Readying Petrol & Diesel-electric Hybrid Cars And Vans
The Fiat Group that includes the Alfa Romeo, Fiat and Lancia brands is working on a new petrol and diesel-electric hybrid system that is set to enter production by 2011. Alfredo Altavilla, CEO of Fiat Powertrain Technologies, told ANE, "We are still...