Hybrid Car Prices Falling
Sales of hybrid automobiles in the US are projected to have grown 35% in 2006 (compared to 2005). At the same time, recent articles like this one claim that consumer interest in hybrids is on the decline. As long as sales are growing 35% year over year, I don't really care if fewer people are considering buying a hybrid. Why look at it from that angle?
Anyway, in addition to very healthy sales growth, the US Dept of Energy is reporting that the leader in hybrid sales - Toyota - is planning to slash prices on 2008 hybrids like the Camry and the Prius. Me thinks that hybrid sales will continue to gain year over year with news like this. And me thinks this is good news as we try to increase the average fuel efficiency of our auto fleet.
