<="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhooRpiJIAi6YZGiAQNqgC9SQIOBxdFvXv1dZ9spJqoRC8cxDXAPmqfEHDvzvpEIzSK8KFvYjMsfNu-IwCZmKVE85S4zM9INGTM9d5-cEcaOo3cH-xIkbMQ-9CqLrR8B_MV_cIJ_6TnBEM/s1600-h/2010+Chevrolet+Volt.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;">
GM vice-chairman, Bob Lutz believes that the high costs involved in building hybrid vehicles is pushing up the price of non-hybrid cars.
GM vice-chairman, Bob Lutz believes that the high costs involved in building hybrid vehicles is pushing up the price of non-hybrid cars. 'GM will lose money on hybrids,' he said. 'We will continue to build them - and the cost will be spread across other cars.'
Lutz also said he thinks hybrid cars will never make up more than 10% of the U.S market. In the UK, hybrids make up 0.8% of car sales, according to figures from the SMMT. GM will start to sell its first extended-range electric vehicle, the <="http://luxurycar-hybrid.blogspot/2009/09/gm-volt-isnt-car-for-idiots.html">Chevrolet Volt, next year.
Toyota – the biggest maker of hybrids – disagrees with GM's stance on such cars.
A spokesman said: 'We will strive to make a million hybrids a year and as we achieve economies of scale, hybrid prices will come down. Hybrid vehicles are more complex, so there is a premium over non-hybrid vehicles, but we believe the overall cost of ownership, with the lower running costs, outweigh the initial purchase costs over non-hybrid cars.'
GM - Hybrids push up prices for non-hybrid cars, Toyota disagrees
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Published :
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