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Are Hybrid Cars Declining in Popularity?

Are Hybrid Cars Declining in Popularity?

A recent study by research company Polk has revealed that hybrid cars, believed to be the way of the future, have suffered a decline in popularity over recent years. The survey reveals that a large percentage of hybrid car buyers are unlikely to purchase another after their experiences with the economical and environmentally friendly cars. The number of hybrid models on the market has doubled since 2007, but could it be that car companies have over-committed in a niche that was once believed to be the future of the automobile industry?

Is A Hybrid Right For You?

Hybrid

With gas prices hovering around $4 a gallon with no relief in sight, more people than ever are considering hybrids to get some relief at the pump. According to a report by HybridCars.com, hybrid sales hit an all-time high in March 2012 with over 48,000 vehicles sold.

Yet a report by Polk indicates that only 35% of hybrid owners buy another. So before you take the leap you may want to ask the question: Is a hybrid right for me?

The answer to that questions involves factors both economic and social.