HYBRID AND ELECTRIC CARS-US-APRIL 2018


#1714444

N/A

Mintel

$ 4395

In Stock

Vehicle fuel economy is a top concern for Americans and their automobiles. Americans have seen gas prices go over $3.50 as recently as 2014, so many remember the pain of filling up a gas tank at those prices. Consumers are also increasingly aware of their environmental impact, and seek ways to minimize pollution and reduce their carbon footprint. 

Both the federal government and some state governments have made reducing vehicle emissions a priority, and have promoted more fuel-efficient cars by imposing fuel economy standards, emission standards, and providing tax incentives for hybrid and electric vehicles.

Despite increasing tax credits, the number of alternative energy vehicles sold have remained a minimal fraction of the total new car market, but attitudes seem to be shifting as governments across the globe announce plans to phase out traditional internal combustion engines. Car owners and shoppers seeking to reduce their spending at the gas station or are environmentally conscious have had an increasing number of hybrid and electric vehicle models to choose from in recent years, with even more planned for production in the next few years.