In 1999, the Honda Insight was released after Prius becoming a tough competition Honda released the second-generation insight and Chevrolet introduced the Volt. The hybrid technology continued to improve the market. Over time many companies invented the hybrid electric vehicles to compete in the market by it was revolutionized by Tesla. Tesla took over the HEV market and kept its position at the top. Other companies such as Volkswagen, Ford, Kia, Nissan, BMW, Mazda, and Mercedes are all trying to produce hybrid cars to get into the market.
Hybrid vehicles, or more specifically hybrid-electric cars, have been the centre of debate since the premier models made their debut back in the 1990s. Environmental activists have been quick to advocate the perks in terms of reduced emissions of greenhouse gases. On the other hand, critiques argue if the costly hybrid technology is worth the savings in fuel cost over the long-haul. Hybrid vehicles use two or more distinct power sources that work in tandem in order to create power. While there is a wide assortment of vehicles that run on hybrid power sources today, cars enjoy the most popularity among consumers.
Toyota is now competing directly with Ford in the pickup truck market, and Volkswagen is considering entering that market. Mercedes and Nissan are now fighting directly with Ford in the commercial van market. Some companies have an advantage in alternative fuel vehicles. Toyota and Honda are ahead in the production of fuel cell vehicles. Volkswagen has more expertise in electric cars.
First and foremost, the hybrid car should be preferred to standard car because it is environmentally friendly. Environmental friendly means do not harm to the environment and this can be explained when it works on twin powered engine which are used to reduce the pollution. Basically, most of the experts say that the electric engine is used for lower speed and gasoline engine is used for higher speeds. The hybrid car not only consumes less fuel but it also produces less amount of carbon dioxide emission. The hybrid car runs on twin powered engine like gasoline and electric motor that cut fuel consumption, reduce air pollution and conserves more energy (Rinkesh, 2009).
As the years fly by, and the economy keeps advancing, more and more various types are being produced and sold to the world. But what are the hazards as technology and the economy advances? Officials are contemplating on whether gasoline vehicles should be replaced completely, or replaced in places like large cities where greenhouse gases and gasoline vehicles are abundant. Although gasoline vehicles can be more convenient in some scenarios, electric cars are a better alternative. Historically, electric vehicles were always a thought, but always put to the side because they weren’t as convenient at the time.
This would cut into Tesla’s plans to offer fully electric sedans at different price points. Tesla should focus on improving their technological advantage in fully electric cars so that by the time Toyota enters the electric car market, Tesla has a technological Advantage. BMW Tesla’s one of the potential competitor is BMW, which continues to put effort into entering the luxury, high-performance, low-emissions, low-consumption auto market. In august it unveiled the production version of the i3. The company’s first all-electric series production vehicle will be available next year some time before june and at a seriously competitive price Moreover, the i3 is not merely but the first of a line of EV’s planned to deliver “individual mobility” – that’s what the “i” brand stand for.
Volkswagen is increasing plant capacity and building new plants. Volkswagen in china has special features and designs customized for Chinese peoples needs and wants. New Volkswagen group china projects are focusing on new energy cars, which means electric cars and hybrid and blue emotion. IN china there are a total of 27000 engineers in R and D. The development of selling second hand car has rose a lot and is expected to increase even further. Volkswagen had strong results in 2014 reflecting on profits productions and deliveries and this is mostly true every year since with their strong management and organization they tend to deliver efficiently and up to very good
Nissan Motor, one of Japan's leading automakers, which wants to get big by doing small. Through its small and big-car initiative, the company produces low-cost and fuel-efficient small cars with standard comfort, safety, style, and smooth performance. Nissan's models include Maxima and entra cars, and Altimas and Infiniti upscale sedans, as well as high pickups, SUVs, and sports cars. Its also one of the world's largest manufacturers of forklifts. Renault has a 43% stake in Nissan Motor and Nissan holds a 15% stake in Renault, constituting the Renault-Nissan Alliance.
There is no better way to explain this claim other than using the Toyota Company as a working illustration. With a market share of more than 67%, the Toyota’s hybrid cars account for approximately 14% of its revenues. This figure is expected to rise to 30% by 2020. The company sees a strong future in its hybrid cars based on their high efficiency, credibility, and the company’s superior image in the sector (Ghosh and Chitra 84). While this marker is rapidly changing with new entrants, as well as the reducing popularity of the hybrid models due to the low oil prices that are prevailing in the market, the Toyota Company’s hybrid will continue to be popular to the extent of creating more value for the company in both the short-term and the long-term.
Nowadays, Hybrid Cars are getting more popular to the public, because of the concerns and awareness of environmental threats. The leader 's market for producing hybrid cars are Honda and Toyota. However, the largest selling hybrid cars are Prius and Insight. There are other markets that produce hybrid cars like General Motors and Ford in the USA. The main aim for the entire markets is to reduce the uses of fossil fuel as much as possible in their production by highlighting the main features of hybrid cars, advantages and comparing it with other types of cars.