A
new study by JD Power and Associates shows that High gas prices, coupled
with consumers becoming more familiar with alternative powertrain
technology, are definitely increasing consumer interest in hybrids and
flexible fuels." However, the additional price premiums associated
with hybrid vehicles, which can run from $3,000 to $10,000 more than a
comparable non-hybrid vehicle, remain the biggest concern among
consumers considering a hybrid," said Mike Marshall, director of
automotive emerging technologies at J.D. Power and Associates.
Despite often providing lower-than-expected gas mileage performance,
hybrid and diesel U.S. market share continue to grow. J.D. Power and
Associates forecasts that hybrid vehicles, which represented 1.2 percent
of the U.S. new light-vehicle market in 2005, are expected to increase
to 60% in 2006 and 500% by 2013.
The study, which examines consumer perceptions regarding hybrids,
diesel and flexible fuel vehicles, finds that fewer than one-fourth
(23%) of consumers say they will only consider a gasoline-powered model
for their next new vehicle. Among consumers who expect to acquire a new
vehicle within the next two years, 57 percent indicate that they are
considering a hybrid vehicle, while 49 percent are considering a
flexible fuel (E85 ethanol-based fuel blend) vehicle and 12 percent a
diesel.
To correspond with this demand,
alternative fuel dispensing systems are increasing throughout the
country. For example: As of early 2003, E85 was sold at
approximately 154 stations in 22 states. Today you can find E85 in
38 of the 50 states.
Click To locate
an E85 Fueling Station Near You
For more detailed info
on alternative fueling visit
alternative fueling info
or
http://www.afdc.doe.gov/
Core Engineered Solutions provides
fuel storage tanks suitable for Alternative fuels
storage including Biodiesel, Ethanol and E-85.
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