Hybrids too expensive? Gas prices to hit record levels in 2005
Gas prices are on the way up, and they are going to hit record levels this year according to some experts (click here for more on this).
One of the biggest reasons so many American auto executives and analysts are not buying into hybrid cars, such as the Toyota Prius or the Ford Escape hybrid, is because gas prices are too cheap - they say.
Most analysts claim that hybrid technology cannot recover it's additional $3,000.00 costs, unless gas hits $3.50 per gallon, which analysts claim won't occur for close to another year (They don't really consider environmental impact or performance increases.).
Well, some experts are predicting nationwide gasoline prices to reach as much as $2.50 per gallon, or more. That means in California, gasoline prices are going to start hovering into the low $3.00 range in just 2005.
And that's if everything goes fairly well.
While I don't think hybrid vehicles are just about fuel efficiency, even if held to those economics, even those economics might make hybrids cost-effective far sooner than most analysts have predicted.
One of the biggest reasons so many American auto executives and analysts are not buying into hybrid cars, such as the Toyota Prius or the Ford Escape hybrid, is because gas prices are too cheap - they say.
Most analysts claim that hybrid technology cannot recover it's additional $3,000.00 costs, unless gas hits $3.50 per gallon, which analysts claim won't occur for close to another year (They don't really consider environmental impact or performance increases.).
Well, some experts are predicting nationwide gasoline prices to reach as much as $2.50 per gallon, or more. That means in California, gasoline prices are going to start hovering into the low $3.00 range in just 2005.
And that's if everything goes fairly well.
While I don't think hybrid vehicles are just about fuel efficiency, even if held to those economics, even those economics might make hybrids cost-effective far sooner than most analysts have predicted.
Labels: Escape hybrid, Ford, Ford Escape hybrid, fuel efficiency, Hybrid Vehicles, prius, toyota
posted by Dahcredyns at
6:11 AM
1 Comments:
More people should learn about electric cars as a solution. It’s amazing how far the technology has come in just a few years. Plus the savings becomes more and more attractive the higher gas prices go. There’s even an EV that will do 0-60 mph in 4.8 seconds (source: zapworld.com). Electric is looking more and more like the way to go.
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