October 23, 2007
U.K. is one of top five global hybrid vehicle markets, report says
London, England – The United Kingdom is now listed as one of the top five global hybrid electric vehicle markets, according to a new analysis from Frost & Sullivan. The report says that developed countries are keen on promoting hybrid electric vehicles (HEVs) due to increasing gasoline demands and environmental concerns, while developing countries are unable to enforce their usage.
According to the report, World Hybrid and Electric Vehicle Battery Market, growth in the hybrid market significantly exceeded all hybrid sales forecasts; the market has witnessed a steady growth pattern from 2000, without even a slight decrease in growth rate. In 2006, HEV sales grew approximately 23 per cent in developed countries such as the U.S., U.K. and Japan.
Hybrid cars such as the Toyota Prius, Honda Civic, Lexus RX and Lexus GS, and electric cars such as the G-Wiz, Sakura and NICE Mega City are exempted from the London Congestion Charges, which enables London commuters to potentially save over