Toyota Chopping Price of 2014 Prius Plug-in Hybrid by $2,000
October 10, 2013 1:42 PM
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It's also cutting the price of the the 2014 Prius Plug-in Advanced model by $4,620
is dropping the price of two of its Prius Plug-in models in an effort to keep up with the competition.
The Detroit News
, Toyota lowered the price of the 2014 Prius Plug-in hybrid by 6 percent ($2,010) to $29,990 and the 2014 Prius Plug-in Advanced model by 11 percent ($4,620) to $34,905.
“It’s dictated by market conditions," said Moe Durand, a Toyota spokesman. "When somebody starts that trend of allowing a little softer prices,
can determine price."
The latest cuts are likely an effort to reach annual sales goals, which is 12,000 Prius' sold for 2013. For the first nine months, Toyota has only sold 8,000.
Many other automakers have been lowering prices this year, such as General Motors, which cut the Volt's price by $5,000 to $34,995; Ford, which cut the price of the Focus EV by $4,000 to $35,200, and Nissan, which slashed the Leaf's price by 18 percent earlier this year to $28,800 (and has seen a significant sales increase since).
Earlier this month, Toyota said it would pass on electric vehicles to focus more heavily on hydrogen fuel cell technology and continue releasing hybrid vehicles. For instance, the automaker said it would release
15 new hybrids
and unveil its first hydrogen fuel cell vehicle by 2015.
Toyota is focused on its next-generation Prius as well, which is expected to have better batteries with higher energy density. The company said it's using nickel-metal hydride and lithium-ion where necessary and even upped its research on new battery technologies like solid state and lithium air as well as magnesium. The Prius will also feature smaller electric motors; thermal efficiency of the gasoline engine will be boosted from 38.5 percent in current models to 40 percent in the next-generation; the use of Toyota New Global Architecture (TNGA) will allow for a lower center of gravity and increased structural rigidity, and better aerodynamics will offer an all-new exterior design.
The Detroit News
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RE: Hydrogen is the wrong path
10/11/2013 10:06:40 AM
Until we build thousands of nuclear reactors to generate hydrogen or develop an efficient way to generate hydrogen from garbage or sunlight, there is no point wasting money on hydrogen fuel schemes.
Back in the mid 70's at a Penn State Physics colloquium, an invited government "scientist" gave a presentation about the new hydrogen economy concept. He was ripped to shreds by the professors before he could even finish. The main problems are that hydrogen is merely a carrier of energy (like electrons) rather than a source, there is no efficient way to generate hydrogen, and there is no way store hydrogen at anywhere near the density of liquid hydrocarbons. Forty years later nothing has changed, except we found out that is harder to solve the fuel cell contamination problem than we thought it would be.
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
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