Hyundai
Electric vehicle production capacity is increasing across the board globally, but is that what the market needs? A new report holds results that indicate new growth in demand from China and a bright future for electric vehicle component suppliers.
In its quest to mandate the use of ethanol blended fuel for American vehicles, the U.S. Environmental Protection Agency has encountered several roadblocks. After releasing the E15 warning label which will be placed on fuel pumps -- considered the final step before E15 starts being offered at gas stations throughout the country -- the Agency came under fire from both automakers and public officials.
The U.S. Department of Energy (DOE) is working on making fuel for vehicles from water, wind, and sun. This idea isn’t as pie-in-the-sky as it first sounds.
Mercedes-Benz (ETR: DAI) recently announced that they will deploy 70 fuel cell vehicles onto California roads by 2012. The B-class Mercedes-Benz vehicles are designed to have a 270-mile driving range on one tank of hydrogen and take less than five minutes to refuel.
Car manufacturer Hyundai (SEO: 005380) unveiled the 2011 Sonata Hybrid in New York City today; the car represents Hyundai's first hybrid in the U.S. market.
Currently hybrid and electric vehicles constitute only 3% of the world market for cars. However, if actions by major car manufacturers are any indication, it looks as though that number will be on the rise throughout the near future.
Next month Hyundai will introduce its new plug-in hybrid vehicle, the Elantra LPI Hybrid, at the Seoul Motor Show.
