msantos
05-29-2009, 07:13 AM
http://www.cleanmpg.com/photos/data/2/Japanese_Flag_30x22.jpg GLOBAL HYBRID CAR MARKET SEEN GROWING 23-FOLD BY '20 (http://www.tradingmarkets.com/.site/news/Stock%20News/2345576/)
http://www.cleanmpg.com/photos/data/501/2010_Honda_Insight-II_EX2.jpgTrading Markets - http://www.tradingmarkets.com - May 27, 2009
Very refreshing news, but much of it remains predicated not only on much the technology will improve but also on its affordability --Ed.
TOKYO, May 27, 2009 (AsiaPulse via COMTEX) -- The global market for hybrid vehicles is expected to grow to 11.28 million vehicles in 2020, roughly 23 times its size in 2008, according to projections released Tuesday by JP Morgan Securities Japan Co.
The figures predict that 13.3 per cent of new cars purchased worldwide in 2020 will be hybrids as automakers introduce new models and countries tighten environmental regulations.
Products like Toyota Motor Corp.'s (TSE:7203) Prius and Honda Motor Co.'s (TSE:7267) Insight have helped boost hybrid car sales fastest in Japan, where such vehicles could account for more than 6 per cent of purchases this year. By 2020, that percentage is projected to grow to 18.8 per cent, rivaling the 19.4 per cent expected in North America.
Popularity is expected to be driven by lower costs for such hybrid systems as motors and batteries. Such systems cost around US$5,667 per vehicle in 2008, but are seen dropping to US$3,475 this year and US$1,890 by 2020.
The market for hybrid system parts is also expected to grow rapidly, from 289.7 billion yen (US$3.05 billion) in 2008 to 2.23 trillion yen in 2020. Batteries alone are expected to exceed 1 trillion yen in 2020 as use of next-generation lithium ion batteries spreads. ... http://www.tradingmarkets.com/.site/news/Stock%20News/2345576/
http://www.cleanmpg.com/photos/data/501/2010_Honda_Insight-II_EX2.jpgTrading Markets - http://www.tradingmarkets.com - May 27, 2009
Very refreshing news, but much of it remains predicated not only on much the technology will improve but also on its affordability --Ed.
TOKYO, May 27, 2009 (AsiaPulse via COMTEX) -- The global market for hybrid vehicles is expected to grow to 11.28 million vehicles in 2020, roughly 23 times its size in 2008, according to projections released Tuesday by JP Morgan Securities Japan Co.
The figures predict that 13.3 per cent of new cars purchased worldwide in 2020 will be hybrids as automakers introduce new models and countries tighten environmental regulations.
Products like Toyota Motor Corp.'s (TSE:7203) Prius and Honda Motor Co.'s (TSE:7267) Insight have helped boost hybrid car sales fastest in Japan, where such vehicles could account for more than 6 per cent of purchases this year. By 2020, that percentage is projected to grow to 18.8 per cent, rivaling the 19.4 per cent expected in North America.
Popularity is expected to be driven by lower costs for such hybrid systems as motors and batteries. Such systems cost around US$5,667 per vehicle in 2008, but are seen dropping to US$3,475 this year and US$1,890 by 2020.
The market for hybrid system parts is also expected to grow rapidly, from 289.7 billion yen (US$3.05 billion) in 2008 to 2.23 trillion yen in 2020. Batteries alone are expected to exceed 1 trillion yen in 2020 as use of next-generation lithium ion batteries spreads. ... http://www.tradingmarkets.com/.site/news/Stock%20News/2345576/