The Hybrid Vehicle Market
An analysis of the supply and demand of the current consumer hybrid vehicle market and the effects of government incentives on the hybrid vehicle market.
# 153554 | 4,114 words | 10 sources | APA | 2013 |
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This paper explores hybrid technology and traditional vehicle technology and then compares the hybrid and the traditional technologies. The paper looks at the effects of government spending and incentives on the hybrid vehicle market and discusses the benefits of the incentives to the consumer. Finally, the paper examines the costs of the hybrid vehicle versus the traditional combustion engine vehicle.
From the Paper:"Hybrid technology revolves around the manufacture of hybrid automobiles. These vehicles use distinct sources of power usually two which may constitute a combination of an electric motor and an internal combustion engine. The electric motors are powered by special heavy duty batteries and this hybrid vehicle variously referred to as hybrid electric vehicles tend to be quiet as they produce little noise which cannot be auditorily detected (American Foundation for the Blind, 2007). Additionally, hybrid vehicles have low maintenance costs and are quite efficient when it comes to energy consumption.
"Through the current hybrid technology, internal combustion engine which are more efficient in energy use are developed to ensure the scarce energy resources are efficiently utilized. As such, the hybrid vehicles are fitted with expertly designed and more improved fuel injection systems. This ensures minimal energy use while maintaining high performance capabilities in terms of speed and power in these vehicles. Further, emphasis is put on the use of light but strong vehicle manufacturing materials to minimize energy usage of the automobile. As such, most hybrid vehicles are developed using the light aluminum frame to reduce fuel consumption. Nevertheless, adoption of technologies involving use of aluminum frame has been criticized as the production process tends to be energy-intensive (Edinger & Kaul, 2003)."
Sample of Sources Used:
- AmericanFoundationfortheBlind. (2007). Orientation and Mobility: Hybrid Cars Deemed Too Quiet for Pedestrians. Journal of Visual Impairment & Blindness , 101 (11), 730+.
- AssociationoftheUnitedStatesArmy. (2006, January). Ausa Sustaining Member Profile: Uqm Technologies. Army , p. 66.
- Cristello, N. (2006). Multidisciplinary design optimization of a zero emission vehicle chassis considering crashworthiness and manufacturability. Cambridge: ProQuest.
- Diamond, D. B. (2008). Public policies for hybrid-electric vehicles: The impact of government incentives on consumer adoption. Cambridge: ProQuest.
- Diamond, D. (2008). Managing Incentives for Green Vehicles: Public Managers Can Learn Practical Lessons by Comparing Individual State Incentive Policies to Identify Best Practices. The Public Manager , 37 (4), Bureaucrat, Inc.
Cite this Analytical Essay:
The Hybrid Vehicle Market (2013, June 12) Retrieved September 17, 2019, from https://www.academon.com/analytical-essay/the-hybrid-vehicle-market-153554/
"The Hybrid Vehicle Market" 12 June 2013. Web. 17 September. 2019. <https://www.academon.com/analytical-essay/the-hybrid-vehicle-market-153554/>