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Nassau Motor Company ACDelco,Chevrolet,Honda Bahamas Do Consumers Really Want Electric Cars?

Do Consumers Really Want Electric Cars?

Or Even Hybrids? Will They Ever?

By Lacey Plache, Chief Economist,

“Sales of hybrids and electric-drive vehicles plummeted in January, following a “strong” finish to 2011. Electric-drive vehicles, including electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), lost 30 percent of their (admittedly small) market share, while the market share for hybrids fell 7 percent, even as Toyota Prius supply continued to recover. Amidst these lackluster sales results, a growing chorus of voices is predicting a glowing future for these advanced-drive vehicles, with market shares at 20 percent or higher by the end of the decade. For a segment that has struggled unsuccessfully to achieve even a 3 percent market share over the past decade, and that would barely reach 7 percent by 2017 on the current growth path, these forecasts seem to be wishful thinking at best.”

Read the entire article here…

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