Hybrid Car Sales Drop 53 Percent in November '08
Toyota Prius sales off 50% while Camry Hybrid fell 57%, while conventional car sales were off by 37%.
DETROIT -- U.S. hybrid car sales plummeted in November, falling faster than sales of conventional, gasoline-powered cars, an industry research group said.
Just as automakers were scrambling to turn their production over to smaller cars after gasoline prices spiked in the summer, the falling price of gasoline threatens to dampen new initiatives.
Autodata said hybrid gas and electric car sales fell 53 percent in November from a year ago, compared with a 37 decline in vehicle sales overall, the Financial Times reported Friday.
RELATED NEWS ITEMS
The 2009 model will be the first small SUV to use the powerful new hybrid system GM recently unveiled in its large SUVs and pickups.
The newly developed full parallel hybrid system will consist primarily of the battery unit positioned in the luggage compartment, the power electronics, and the hybrid module between the engine and transmission comprising an additional clutch and the electric motor.
The new fuel efficient two seat car has a top speed of 40 km/hr and cost Rs 1.5 lahk (US$3834). Gogoi pictured with two of the many vehicles he's built in his garage.
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