Hybrid vehicles have been a niche market at best since their first
introductions in the late 1990s. First developed by Toyota and Honda, the early
systems were examined in detail by their competitors and the conclusion was
that the added complexity and weight would make the vehicles too expensive for
all but wealthy consumers with an interest in preserving the environment.
"Early hybrid vehicles sacrificed space, comfort, and performance for low
emissions and high fuel economy," says ABI Research senior analyst David
Alexander. "Now a much wider variety of hybrid vehicles is available."
A new ABI Research study, "Consumer Hybrid Vehicles," finds that the market
now offers the benefits of a number of different hybrid applications, some of
which are still designed for reduced fuel consumption and emissions while
others offer enhanced performance or exclusive features such as AC power
outlets. This adaptation to a wider market should see consumer hybrids' market
share in the United States rise from just 1.25% in 2005 to at least 6% in
2013.
"In the consumer market, education is critical to the uptake of any new
technology," says Alexander. "Many vehicle buyers now appear to have learned how
hybrid technologies work and are getting interested in benefits other than
better mileage. If fuel prices come down, performance becomes more
desirable."
Toyota has broadened its hybrid range from the deliberately quirky Prius to
include the Highlander SUV, the mainstream Camry, and a couple of Lexus luxury
vehicles. Each is tuned to appeal to particular market segments. Honda has
dropped its hybrid special vehicle, the Insight, in favor of enhanced versions
of the Civic and Accord, both of which lean slightly more toward performance
than economy.
GM will be launching its two-mode system next year in its full size SUVs
under the tag line "No Compromise." It has already introduced the mild hybrid
Saturn Vue Greenline, and the Chevrolet Silverado Hybrid pickup truck that
features a built-in 110-V power supply. Ford's Escape was promoted from the
start as having V6 performance with four-cylinder economy.
"Manufacturers are starting to tailor hybrid-electric technology to meet the
needs of the target audience," concludes Alexander.
In other automotive news Honda has been showcasing its next generation clean diesel and fuel cell motor technologies, India is expected to have hydrogen powered cars soon, Intelligent Design has been showcasing its fuel cell motorcycle, Nissan broke ties with Toyota on hybrid technology development and lastly BMW released its first hydrogen powered vehicle.