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More than Half of U.S. Consumers See a Hybrid in their Future

October 18, 2005
More than half of Americans say they are considering the purchase of a hybrid for their next vehicle. Most are driven by the price of gas rather than environmental concerns.

• Tax Credits On Ford Hybrids Phasing Out • Small Car Market Faces Potentially Large Problems • Ford Plans Car That Parks Itself • Drivers Wanted: Mini Developing Electric Model • GM Invests In Electric Car Engine Plant • GM Increasingly Viewed As "Green" By Online Consumers • Honda Plans New Hybrid for Earth Day 2009 • Hybrid Technology a Presidential Campaign Issue --- • More ...

Recently, J.D. Power estimated that hybrids would account for only 4 percent of total vehicle sales by the end of the decade. But according to the polling firm TechnoMetrica, 55 percent of Americans are considering buying a hybrid, with the most likely buyers being those with incomes above $75,000 (68 percent).

Some 57 percent of respondents are attracted to hybrids for their fuel efficiency, compared to only 23 percent for their environmental friendliness, according to an account of the study in Investor's Business Daily.

Over half of those surveyed said that dependence on foreign oil is the number one threat to the economy. More than 70 percent favored government incentives like tax rebates and energy credits to spur hybrid purchases.

Americans surveyed had a generally dim view of U.S. automakers' efforts. Viewed most favorably for their hybrid plans were Toyota, with 41 percent of respondents, and Honda, with 40 percent.

Ford's hybrid efforts got the nod of only 14 percent, GM's only 13 percent and Chrysler was last at 8 percent.

Sales of the Toyota Prius hybrid grew 90 percent in September.

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