Lots of news about hybrids in the past few days:
- Volkswagen AG, Audi AG and Porsche AG form alliance to develop hybrid engines
- BMW AG joined General Motors Corp. and DaimlerChrysler AG in a similar partnership
- PSA Peugeot-Citroen also wants to develop hybrid technology
- Audi unveiled their first gas-electric hybrid vehicle
- DaimlerChrysler also said it will release its first hybrid Mercedes
See complete story on above items here
Despite the recent announcements (above) Hyundai Motor Co. said that it will continue on its own, aiming to reach an annual production of 300,000 hybrid cars by 2010.
Toyota Says It May Make All Its Vehicles Gas-Electric, Toyota aims to cut production costs and halve the $5,000 price premium on such vehicles.
It seems to be more than a passing fad. At a $2,500 premium, hybrids probably could be economically justified based on fuel cost savings. But what is there to justify if all the cars are hybrids? While they are making all these announcements, how about a plug-in hybrid?