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
Core Engineered Solutions provides fuel storage tanks suitable
for Alternative fuels storage including Biodiesel, Ethanol and E-85.
More Alternative Fuels Links
- Alternative Fuels Home
- Alt. Fuels Codes & Regulations
- A Shift to Ethanol Blended Petroleum
- Interest In Alternative Fuel Vehicles Climbs
- UL Suspends Authorization of E85 Dispensers
- Locate an E85 Fueling Station
- Alternative Fuels Data Center