
Only 11% of new car buyers willing to pay extra for green vehicles
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One of the biggest challenges carmakers face in selling eco- friendly vehicles is convincing customers to pay a premium for the privilege of knowing that they’re doing their part to help the environment. One of the key problems is that the majority of new car buyers aren’t willing to pay this premium. That’s the finding of the latest study run by J.D. Power and Associates based on responses from 44,931 new car buyers in the U.S.
The study found that although many new car buyers may want to purchase an environmentally friendly vehicle, only 11% are "very willing" to pay more to do so. In particular, new car buyers who express a strong willingness to pay more for environmentally friendly vehicles are more likely to be female and are highly educated with the highest concentration located in western U.S. and the lowest in the Midwest.
The study also finds that new car buyers who say they are very willing to pay more for a vehicle that is environmentally friendly are more likely to purchase compact vehicles than the average new car buyer. Most customers think of
hybrids as the only green option, but as J.D. Power researcher Jon Osborn points out buying a more fuel-efficient vehicle that gets good mileage. Either way, it looks like
hybrid vehicles will remain a hard sell for some years to come.
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By What a surprise Posted: 3/7/2008 4:00am PST
Mike from Germany
By Strewie Posted: 3/7/2008 7:04am PST
As for the rest of the bunch :Civic, Camry, Highlander, RX350 -- hybrids make up roughly 10% of their sales which is not that spectacular but @ least they are selling. Performance hybrids like the Accord, GS & LS ... those are clearly not big sellers.
In addition to cost, I think that there are other factors preventing people from buying hybrids: reduced trunk space, fear of replacing the battery/new technology that they might not trust .. and those in the know realize that hybrids are not that green when you consider making & disposing of the batteries ...
Wonder how the diesels will do?
By germandude Posted: 3/7/2008 8:12am PST
By "Germandude" Posted: 3/7/2008 9:16am PST
By Jim Posted: 3/7/2008 9:41am PST
By chris Posted: 3/7/2008 10:33am PST
german dude is right. ethanol is a very dirty fuel when you consider that you need to produce a large amount of crops, feed them, water them, use pesticides, and then use a combine to harvest that crop, send it to a factory in a transport truck that will use machinery to mash that organic matter into a paste, then WATER IT DOWN and put in yeast cultures to let it ferment. all so we can burn a fuel that gets what... 50% less carbon? MAYBE?!
if you want to get an idea of the processes involved in ethanol production just go to your nearest distiller. I live in windsor ontario and we make canadian club whiskey here. the plant is spectacular but whats inside is great evidence of this process. you take corn, mash it, then make a big soup with water. you add bacterial cultures which breath oxygen and produce carbon dioxide to turn sugars into alcohol (ethanol) and the whole time you need to boil the water. you need to heat up large vats of water to let carbon dioxide producing yeast ferment corn that has already taken many thousands of acres of land and water to produce who knows how much alcohol. and thats just 80 proof whiskey. E85 is 170 proof vodka with some gasoline mixed in, just so that some imbred white trash doesnt get the great idea to have a party at the gas station.
like ive said in the previous hybrid topics, the only good thing about them is that theyre moving the technology from fuel burning ICE's to electric vehicles which are much better for the earth; even when you take into account the power plants and their waste.
By Gus Posted: 3/7/2008 1:31pm PST
If/when that's perfected, I see ethanol going all the way.
Besides, I'd rather see farmer Joe drive a Lamborghini than Shiekh Abdullah anyday...
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