Transportation & Fuel Source Technology
Hybrids/Diesel Engines Steadily Gaining U.S. Market Share
Conventional gas engines will remain
dominant in the US market, but hybrids and diesels are steadily gaining
market share, especially as gas prices and concerns about global warming
rise and technology advances, concludes a report by JD Power and
Associates (which, like Standard & Poor's, is a subsidiary of McGraw-Hill
Companies). The article, "The Steady-But Slow-Rise of Hybrids and Diesels
in the U.S. Auto Market," published March 22, 2007, is part of a special
report on global automakers published on RatingsDirect, the real-time,
Web-based source for Standard & Poor's credit ratings, research, and risk
analysis, and in the April 4 issue of CreditWeek.
In conjunction with the special report, Standard & Poor's
Services recently held a telephone conference call to discuss the outlook
for global automakers (see replay information below).
The article predicts that hybrids and diesels will reach 9% of U.S.
auto sales by 2009, and Toyota Motor Corp. will continue to lead this
category in sales. Thanks in large part to increased production capacity,
more than 70% of all new hybrid sales in the past two years have been
Toyotas, although that number is expected to decline to 50% by 2009,
reflecting the growth of new models from other automakers.
Consumer preference for diesel-powered engines is also growing.
"As gas prices rise, diesels seem a natural solution for the U.S.,
especially for manufacturers with large operations in Europe, where diesel
cars are already in large demand," says Kevin Riddell, manager at J.D.
Power and Associates Automotive Forecasting. "For these carmakers, diesels
provide a far more economical means than hybrids of improving CAFE
averages. A vehicle with a modern diesel engine will have 30% better fuel
economy than a comparable gasoline engine. Plus, advances have made modern
diesel engines perform similarly to gasoline engines in terms of noise,
filtration systems, and drive quality."
More Transportation & Fuel Source Technology Articles
Stanford researchers seek 'Holy Grail' in battery design
Volvo Car Group Makes Conventional Batteries a Thing of the Past
Tesla Model S Achieves Best Safety Rating of Any Car Ever Tested in the U.S.
Pure Electric BMW i3 Premieres in New York, London and Beijing
Smith Electric Vehicles to Open Manufacturing Facility In Chicago
BMW and Toyota Partner to Develop Fuel Cells
Tesla Motors Secretly Develops Solar Powered EV Charging Station Network
Quantum Demonstrates Plug-In Hybrid Electric F-150 Pick-Up Truck
NASA Goes Green: NASA Selects Green Propellant Technology Demonstration Mission
Increase in Popularity of Alternative Transportation Leads to Decrease in Oil Usage
even more articles...
Suggest an Article for Green Progress