Dramatic Drop in U.S. Hybrid Vehicle Sales

Financial Times - November 12, 2011

Sales of hybrid gas-elec­tric cars are drop­ping due to the weak U.S. econ­o­my and dra­mat­ic improve­ments in tra­di­tion­al inter­nal com­bus­tion engines. U.S. sales of Toyota’s Prius were 9.4 per cent low­er in the first 10 months of 2011 than the same time­frame of 2010 while oth­er man­u­fac­tur­ers report even greater sales shrink­age. Low­er gas prices have con­tributed to the drop along with new inter­nal com­bus­tion tech­nol­o­gy.