Real And Imagined Fears Cause EV And Hybrid Sales To Plummet

Sales of hybrid and plug-in electric-drive vehicles plummeted to a 16-month low in May, dragged down by real and imagined supply constraints along with increased competition from lower-priced conventionally powered fuel sippers.

Volume of just 17,852 cars and trucks in the advanced technology vehicle segment was down almost 31 percent from April and the lowest monthly tally since February 2010. In contrast, sales of conventionally powered cars and trucks were down 8.3 percent from April. Despite the addition this year of the Chevrolet Volt plug-in hybrid and Nissan Leaf battery-electric cars and several new conventional hybrid cars and SUVs to the segment this year, May sales of hybrid and electric-drive vehicles were off 35.8 percent from a year earlier, lead by dramatic declines in sales of Toyota and Honda models.


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quizz - 6/3/2011 12:29:17 PM

+2 Boost

Maybe the reason for somber sales is as follows:
1. Economy falling over cliff
2. Employment still struggling
3. Hybrids are overpriced compared to just a plain ol' 4 cylinder Fit
4. All the celebrities have bought their cool hybrids, now there's nobody else left to buy it.