People buy hybrids for a variety of reasons: to save money on gas, reduce environmental harms, or project an image as a socially-conscious driver. But on a pure economics basis, are hybrids really the way to go? Does using less gas actually translate into real savings over the life of a hybrid? (more…)
The average fuel efficiency of new vehicles in the United States rose to 24.9 mpg last month, according to a study released by the University of Michigan this week. The findings confirmed a trend seen in the growing sales numbers for hybrid and electric vehicles, small gasoline cars, and increasingly efficient trucks and SUVs. Thanks in part to higher federal fuel economy (more…)
There’s good news for those in the market for a new car who want to buy used and save money on fuel costs over the years. With the popularity of hybrids and electric vehicles increasing, used car shoppers are now able to find fuel-efficient cars at great prices, without having to go through the hassle of buying new. (more…)
Researchers from the University of Michigan said this month that the crop of new cars and trucks sold in the U.S. in October are the most efficient ever to hit American roads. Their average fuel was 24.1 mpg combined. That’s a four mile-per-gallon improvement from five years ago.
This gain in fuel efficiency equates to a collective (more…)
Green continues to be a dominant shade of innovation in the automotive sector as 2013 looks to be a banner year for vehicle efficiency. According to AutoTrader.com, total shopper interest for alternative fuel and highly fuel-efficient models is up 54 percent so far in 2012. This year’s LA Auto Show ® reflects this trend and will host significant debuts in electric, (more…)
A new report on the sales of hybrids and electric cars indicate June saw a surge of 164 percent. According to Kelley Blue Book’s Blue Book Market Report for July 2012, sales have remained strong, which is atypical in periods following a fuel price peak like the one in March. Lexus CT200h, for instance, saw sales grow 500 percent year-on-year. (more…)
The recent projections of $4 – $5 gasoline this summer has been flooding the news, with repercussions predicted for everything from vacation trips to the housing market. This may be especially hard for consumers to stomach after 2011, which saw the most expensive average cost ever for a gallon of gas, at $3.513 per gallon. (more…)
A new report from ExxonMobil predicts that nearly half of the world’s cars will either be hybrids or powered by alternative fuels by 2040.
While hybrids now account for just about 1 percent of all vehicles worldwide, the oil giant forecasts that hybrids and alternative energy vehicles will move to (more…)