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Are Hybrids Growing?

rose.jpegNothing like $3 gasoline to motivate buyers to buy hybrids. 254,454 last year, up 28% from 2005. Sounds great, but sales are starting to slow down. Ouch! Our wallet! Tax credits for some of the Toyota hybrids are expiring.

Lonnie Miller, director of industry analysis for R. L. Polk expects growth to continue. Sees strong demand. Three new models are leaving the drawing board for life in the real world.

GM has a “duel mode” hybrid that has 2 electric motors and a V-8 engine for 23 mpg in a pick-up or SUV. Definitely expands the market.

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