Vehicle Registrations Increase 81 Percent
25, 2005 - NEWSdial.com) Nationwide
registrations for new hybrid vehicles rose to 83,153 in 2004
-- an 81 percent increase from 2003 according to R. L. Polk & Co.
The Toyota Prius recorded 53,761 new hybrid vehicle registrations
in 2004, a 33 percent increase over 2003. The Prius occupies
64 percent of the hybrid market, a sizeable lead over the Honda
Civic, which had 25,586 registrations and 31 percent market share.
Since the introduction of hybrid vehicles in 2000, the market
has grown by more than 960 percent.
of continuing high gas prices, combined with the introduction
of new models to the consumer market, have heightened interest
in hybrid vehicles," said Lonnie Miller, director of Polk's
Analytical Solutions. "Hybrids offer improved fuel efficiency
and lower emissions while maintaining the functionality and convenience
of gasoline-powered vehicles. Hybrid technology is also easy
to produce and works within the existing transportation infrastructure."
are automobiles powered by internal combustion engines, but are
equipped with batteries recharged during
driving and an electric motor to assist with power demand. There
are different levels of hybrids, ranging from minor systems to "full
hybrid" systems. Hybrids do not need to be plugged in, yet
they deliver superior mileage and are considered environmentally-friendly
alternatives to traditional internal combustion vehicles.
The range of hybrid vehicle choices continues to expand. In addition
to the Toyota Prius; Honda Civic, Accord and Insight, and Ford
Escape, several new hybrid models were introduced in the past few
months including the Dodge Ram, Lexus RX 400h and the Mercury Mariner.
The 2006 model year will expect to see the introduction of a hybrid
version of the Saturn VUE, Toyota Highlander and the Nissan Altima.
Major manufacturers are planning a total of almost a dozen new
hybrid vehicles in the next three years.
strongly outpaces all other states in new hybrid vehicle registrations.
In 2004 there were 25,021 new hybrid vehicle registrations
in California, about 4.5 times that of second place Virginia with
5,613. Washington came in third with 3,441; Florida came in fourth
with 3,272 and Maryland rounds out the top five with 3,238 new
hybrid vehicle registrations in 2004.
Similarly, Los Angeles remains the top metropolitan area for hybrid
vehicles with 10,399 new hybrid vehicle registrations in 2004,
more than doubling the total from 2003. San Francisco came in second
at 8,051 followed by Washington D.C. with 6,473 new hybrid vehicle
registrations. New York came in fourth at 3,779 followed by Seattle
with 2,857 new hybrid vehicle registrations in 2004. Each of these
markets experienced significant growth in the number of new hybrid
vehicle registrations compared with the previous year, a confirmation
of the robust strength of this new vehicle segment.
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