Hybrid sales plummeting as fuel prices drop

>> Wednesday, January 7, 2009

The crumbling U.S. economy and the plummeting price of fuel are two of the major factors behind a sudden drop-off in sales of hybrid vehicles in the U.S. market, and the falling popularity of hybrids has auto industry executives worried once more. According to one market research company, hybrid car sales in November were less than half of what they were compared to last year, while December sales are expected to follow this trend. In 2008, when the price of fuel in the U.S. passed the $4 per gallon mark, hybrids were on the wish list for almost every major carmaker without them in their lineup.

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