Archives – June 26, 2015

Honda Shifts Its Focus to Production of Hybrid and Electric Vehicles

imagesEfforts to develop natural-gas powered cars are being phased out by Honda, which plans to now focus on the production of electric and hybrid cars. A next generation, double motor hybrid system is being developed by the automaker, and the system will be featured in a novel Accord Hybrid set to be launched by 2018. Honda will also release a fuel-cell vehicle with an all-new design next year. This information was given by the Executive President of American Honda Motor Co., John Mendel, at a conference held earlier this week. Mendel added that also in the works are a new battery-electric, a new plug-in hybrid car and a three-motor hybrid system. He however, failed to give further details concerning the developments in question.

Mendel said that an extensive new generation of electrified vehicles expected to yield significant sales, are under development. The battery-electric car, fuel-cell vehicles, as well as plug-in hybrids will become Honda’s mainstream, volume pillar. The automaker will cease the sale of natural-gas powered models of the Civic Hybrid and Civic this year. This move comes after Honda withdrew the sale of Accord Plug-in Hybrids in the United States. The Civic Hybrid will be dropped partly because the company plans to redesign the 2016 Civic to have a range of more than 40 mpg. Honda has tried to commercialize natural-gas vehicles since 1998, but a great barrier has been the lack of a fueling infrastructure. Mendel said that the infrastructure just wasn’t as convenient as petrol even though it was improved. About 16,000 natural-gas vehicles were sold by the company, mostly to commercial and taxi fleets.

The combined United States light-vehicle sales of Acura and Honda brands as of 2015 are likely to reach a high record. The previous combined best with sales of 1.55 million was recorded in 2007. In 2014, the sales totaled to 1.54 million. The Honda brand U.S. sales through May increased to 547,044 vehicles, a 0.6 % increase. The total sales of Acura increased by 7.2%, and totaled to 71,560 vehicles. The uni-body platform of the new generation Honda Ridgeline will be the same as that of the Odyssey minivan and Pilot Crossover. Similarly, it will have a V-6 engine with a 3.5–liter capacity and an automatic transmission of nine-speeds. The Ridgeline pickup that it set to arrive next year will have a truck look that will be more traditional.





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Why it is Still Advisable to Buy a Hybrid Car

imagesPundits started writing obituaries for green cars as gas prices fell this year. It was said that electric and hybrid vehicles would not save enough money on fuel to cater for the high up-front prices with $2-a-gallon gas. However, that is actually not the case. The personal finance of green cars is better than skeptics believe, even with today’s gas prices. May’s U.S. auto-sales reports serve as the latest evidence. According to this report, green cars’ sales for the month went up by 24% and a 10-year-high annual rate of 17.8 million was the reported overall vehicle sales. It is evident that the movement for green cars is still moving forward.

Buying a hybrid car is one of the most financially important decisions that a person can make. A basic flaw suffered by articles and studies arguing otherwise is that of making assumptions concerning the way people budget. It is up to automakers to fix much of the remainder of the shift by further lowering the prices of hybrids, especially with respect to getting leasing deals that are more aggressive. If you analyze the way most people buy cars, you will find that hybrids do save money, and right way. It is the manufacturers’ fault when such cars do not save money and a thrifty shopper has the option of checking elsewhere.

This basic question is mentioned in an April study of first quarter sales by In the study, the average savings from hybrids are compared to the price difference between hybrids and their gas-powered counterparts and goes further to divide the savings per month to the higher price. The study’s conclusion is that for a Toyota Camry Hybrid, the payback period can be as long as ten years in comparison to a conventional hybrid that cannot last for that long. To buy electric and hybrid vehicles, people do not make an extra down payment. Normally, about 85 percent of novel cars purchased are financed and the additional money is directed to the payment. Taking this into consideration, you will find that hybrid car drivers actually save money on gas.

Some automakers such as Hyundai are making the smart move of paying attention to market cues. There is about $ 1,400 price spread, which has helped in preserving the savings per month. With such a spread, a driver buying gas at $2.50 per gallon, there is a less than $25 extra payment and about $30 gas savings.


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