Honda Civic hybrid

A new era of transportation is fast approaching.  The evidence: almost every major car manufacturer has plans to develop hybrid and electric vehicles.

Honda (NYSE:HMC) is the latest to reveal its intention to introduce both a plug-in hybrid (PHEV) and also electric vehicle into the U.S. market by 2012. 

The first half of 2010 has not been kind to fuel efficient vehicles in the United States.  According Ward Auto, sales of vehicles that get 30 miles-per-gallon (mpg) or better have dropped 10% compared to the same period last year.

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