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Tuesday, 27 May 2008
Excited about Hybrids
Topic: Green Business

I have been a long term critic of the hybrids but today is a good day, I learnt about few hybrid car coming our way - Volvo is designing ReCharge - a  plugin hybrid and it seems to be a fun car. Of course, valley is breeding the Tesla which I often see going up and down on Highway 101, then there is the fleet of Priuses which are increasingly clogging the carpool lanes. The most interesting development that I am looking forward to is Honda's commitment to make Hybrids affordable. I recently read a news article where Honda's Top US executive relayed his commitment to control the Hybrid costs to $1900 above the normal cars. I believe it will be very helpful in improving people's will to buy the cars. The government is already doing the job by letting the gasolene price rise, so, economics of the roads is changing. I really see the gas prices touching $6-7 in two years based on the prices in rest of the world that we trail by 3-4 years. So, for the first time, the cost equation is turning in favor of hybrids. I will definitely buy one when I am on the lookout for my next vehicle.

Posted by praneymittal at 9:27 PM PDT
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