Demand for hybrid vehicles climbing

    March 8, 2007
    Worldwide demand for hybrid-electric vehicles (HEVs) will grow to 3.9 million units in 2015 then nearly double in number by 2020, according to a study from The Freedonia Group Inc., a Cleveland-based market research firm.

    Rising energy costs, erratic fuel prices, and stricter emissions regulations will fuel demand.

    The cost difference between HEVs and conventional vehicles — estimated at between $1,000 and $3,000 — should decline as production volume rises, the study reports. The U.S., Western Europe, and Japan will remain the primary markets for HEVs, although the growing Chinese market should experience strong demand.

    Continue Reading

    Sponsored Recommendations

    Sept. 16, 2025
    From robotic arms to high-speed conveyors, accuracy matters. Discover how encoders transform motor control by turning motion into real-time datadelivering tighter speed control...
    Sept. 16, 2025
    Keep high-torque gearboxes running efficiently with external lubrication and cooling systems delivered fast. Flexible configurations, sensor-ready monitoring, and stocked options...
    Sept. 16, 2025
    Now assembled in the U.S., compact P2.e planetary gear units combine maximum torque, thermal efficiency, and flexible configurations for heavy-duty applicationsavailable faster...
    Aug. 22, 2025
    Discover how to meet growing customer demands for custom products without overextending your engineering team. Learn how scaling your automation strategy can help you win more...

    Voice your opinion!

    To join the conversation, and become an exclusive member of Machine Design, create an account today!