Helped by sky-high fuel prices and celebrity endorsement, US sales of hybrid cars more than doubled this year, but Japanese rather than home-grown auto makers are cashing in on the boom.
Hybrid engines powered by electricity and petrol have been around for years. But it took a kick from rocketing gasoline prices to encourage large numbers of US citizens to see their fuel-efficient appeal.
Toyota began selling the Prius in North America in 2000. It is now the best-selling hybrid in the US, helped in no small part by the sight of Hollywood stars such as Brad Pitt and Cameron Diaz behind the wheel of one.
Up to the end of November, Toyota said it had sold 99,000 Prius cars this year compared to 47,700 over the same period last year.
According to research firm Global Insight, total US sales of hybrids are set to more than double to 200,000 this year and mushroom to 500,000 a year by 2010.
Toyota has led the way with the Prius and the four-by-four Highlander, designed to appeal to US consumers' taste for sport utility vehicles (SUVs). Its Japanese rival Honda has three hybrid models and lies second in sales.
US giants General Motors and Ford are now ramping up their own hybrid production but came late to the game. The Ford Escape Hybrid made its debut last year as the first US-made example of the genre.
GM and Ford remained wedded for too long to petrol SUVs and pick-up trucks, whose sales have slumped this year as US consumers shun gas-guzzlers.
An average SUV consumes about 20 liters of petrol over a 100km trip, compared to a hybrid which will sip just four to five liters of gasoline.
Ford's chairman blames the Japanese government's intervention for the sales advantage enjoyed by Toyota and Honda.
"Nearly a decade ago, the government offered subsidies to their domestic auto suppliers to build hybrid batteries, which are one of the most expensive components of today's hybrid vehicles," Bill Ford said in late November. "That gave them a head-start."
Arguing that hybrids will help the US lessen its reliance on Middle East oil, the Ford chairman has been pushing the government to adopt tax breaks for buyers and fiscal incentives for manufacturers.
Federal and state incentives are in the offing. But hybrids will remain comparatively expensive. Rebecca Lindland at Global Insight said an hybrid is on average 3,500 dollars dearer than its equivalent petrol-powered model.
The electric batteries that lie at the heart of a hybrid engine are made primarily of nickel, whose price has rocketed this year in line with the hybrid boom.
"And the owner experience is not as positive as the media may show it to be," Lindland said.
"If you are commuting on a highway you're not getting the good gas mileage. The hybrid is not the saviour of the automotive industry," she added.
Among alternatives to gasoline, diesel engines have not gained widespread acceptance in the US because of tight emission standards and consumer perceptions that they are smelly, loud and slow.
Fuel-cell vehicles, which are powered by hydrogen and emit nothing but water from the exhaust pipe, are still years away from being commercially viable.
Japan's second-largest automaker, Nissan Motor, has remained wary of jumping on the hybrid bandwagon. But most analysts see the boom continuing.
Sales of hybrids and clean diesel autos are on course to take 11 percent of total US sales by 2012, from 4.8 percent this year,according to JD Power-LMC Automotive Forecasting Services.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
One of two tropical depressions that formed off Taiwan yesterday morning could turn into a moderate typhoon by the weekend, the Central Weather Administration (CWA) said yesterday. Tropical Depression No. 21 formed at 8am about 1,850km off the southeast coast, CWA forecaster Lee Meng-hsuan (李孟軒) said. The weather system is expected to move northwest as it builds momentum, possibly intensifying this weekend into a typhoon, which would be called Mitag, Lee said. The radius of the storm is expected to reach almost 200km, she said. It is forecast to approach the southeast of Taiwan on Monday next week and pass through the Bashi Channel
NO CHANGE: The TRA makes clear that the US does not consider the status of Taiwan to have been determined by WWII-era documents, a former AIT deputy director said The American Institute in Taiwan’s (AIT) comments that World War-II era documents do not determine Taiwan’s political status accurately conveyed the US’ stance, the US Department of State said. An AIT spokesperson on Saturday said that a Chinese official mischaracterized World War II-era documents as stating that Taiwan was ceded to the China. The remarks from the US’ de facto embassy in Taiwan drew criticism from the Ma Ying-jeou Foundation, whose director said the comments put Taiwan in danger. The Chinese-language United Daily News yesterday reported that a US State Department spokesperson confirmed the AIT’s position. They added that the US would continue to
The number of Chinese spouses applying for dependent residency as well as long-term residency in Taiwan has decreased, the Mainland Affairs Council said yesterday, adding that the reduction of Chinese spouses staying or living in Taiwan is only one facet reflecting the general decrease in the number of people willing to get married in Taiwan. The number of Chinese spouses applying for dependent residency last year was 7,123, down by 2,931, or 29.15 percent, from the previous year. The same census showed that the number of Chinese spouses applying for long-term residency and receiving approval last year stood at 2,973, down 1,520,