Page added on July 18, 2007
As the reality of fuel efficiency sinks in, fewer new car buyers are considering a hybrid, according to J.D. Power
NEW YORK (CNNMoney.com) — The percentage of car shoppers considering hybrid vehicles has declined in the past year, according to a survey released Tuesday by J.D. Power and Associates.
Fifty percent of new vehicle shoppers surveyed said they are considering a gasoline/hybrid electric vehicle. That’s down from 57 percent last year.
“In the 2006 study, we found consumers often overestimated the fuel efficiency of hybrid-electric vehicles, and the decrease in consideration of hybrids in 2007 may be a result of their more realistic understanding of the actual fuel economy capabilities,” said Mike Marshall, director of automotive emerging technologies at J.D. Power.
Interest in hybrid vehicles declined the most among younger shoppers. Last year, 73 percent of car shoppers between ages 16 and 25 said they were interested in a hybrid vehicle. This year, 60 percent were.
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