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Hybrid Vehicles: Trends in Technology Development and Cost Reduction

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John German
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This report describes how, since their introduction, sales of hybrid vehicles and the number of hybrid models have both risen steadily in the United States, with the growth trend accelerating sharply starting in 2003. The report highlights how hybrids are becoming a rapidly innovative technology and how the cost of full-function hybrids can be cut in half, putting them into the consumer mainstream by 2025.