Via the Detroit News: General Motors vice chairman Bob Lutz said on May 19 that GM would have produce 80 percent of its vehicles as some type of hybrid by 2020 in order to meet new tougher fuel economy standards.
"Ultimately by 2020, we figure that 80 percent of vehicles are going to require some sort of level of hybridization. We cannot get to 35 miles per gallon with anything resembling the current product portfolio with conventional technology."
Bob Lutz General Motors vice chairman
Automakers must average a combined 35 miles per gallon by 2020 for passenger cars and light trucks, a 40 percent increase, in order to meet the first increases in the requirements, GM would build about one-third of its vehicles as hybrids by 2015 -- when new fuel economy standards "really start to bite."
By the end of 2008, GM will have eight hybrids. That includes some "mild" cheaper hybrids that get a smaller fuel economy increase than so-called "full" hybrids.
Lutz said earlier that building so many hybrids will add $6,000 to $7,000 to the cost of an average vehicle and that most -- if not all -- V-8 engines will disappear.