Toyota Believes in the Future of Its Hybrid Vehicles

By 2020 Toyota expects hybrid vehicles to be 20% of global car market

Takeshi Uchiyamada, a top engineer for car make Toyota, made some interesting predictions this week. He expects that hybrid vehicles, including extended-range plug-in hybrids, will become 20% of all global car sales by 2020.

You might be wondering what these predictions are based on. Well, the Toyota’s executive vice president overseeing R&D and engineering pointed out that hybrid car sales are already 20% of annual vehicle sales in Japan, but that most of the developing world is at or below 10 % in hybrid sales. But obviously he believes that these markets will develop in the same way the Japanese market has.

What will Toyota’s market share in hybrid vehicle sales be?

What car manufacturer Toyota’s market share of the hybrid car market pie would be, is something the Toyota engineer refused to expand on though. Up until a shirt while ago, Toyota’s market share in hybrid vehicle sales in the United States had been as high as 80%. However, it has slipped a little bit since new competitors have entered the market.

Toyota does plan to continue its successful run with its high hybrid car sales and hopes to further expand its hybrid presence in all vehicle markets, including in the United States with the Prius V, Prius C and Prius Plug-In by the middle of next year.

According to Takeshi Uchiyamada, the automotive company also hopes to double the U.S. sales volume of the Toyota Camry to about 50,000 units in 2012. On the European car market, a hybrid version of the redesigned Yaris will be released.

Toyota production management in relation to hybrid car sales growth?

For the car manufacturer to be able to meet the expected rise in demand, the production process needs to be adapted. That is why car maker Toyota is looking into using suppliers outside Japan to build hybrid components. After the March earthquake in Japan, it became clear to the company that it is too dangerous to rely on a single source for key components.

Toyota engineer’s predicts grim future for electric vehicles

Up until now, Toyota has concentrated on building hybrid cars and plug-in hybrids to live up to the increasing demand for ‘green vehicles’. Electric cars have not been a priority for the car brand. So it doesn’t come as much of a surprise that Uchiyamada doesn’t predict a positive future for electric vehicles.

He expects that electric vehicles will fall short of their hype. “Based on the current data, the targets announced by other players show they are not on track,” Uchiyamada said. “Compared to the target, it’s pretty disappointing for them.”

Relevant Details on the Obama Administration’s Stimulus Package Tax Credit For Hybrid Vehicles

President Obama’s stimulus bill, which is also referred to as the American Recovery and Reinvestment Act of 2009, enables us to claim certain benefits for hybrid vehicles. More specifically, Hybrid vehicles are offered a tax credit as per the stimulus package. All vehicles purchased from the year 2006 are eligible for the hybrid vehicle tax credit. The following includes some of the details of of the stimulus package.

Note that the best person to guide you effectively in this aspect is your tax consultant. Choose a good consultant and check out all possible details before filing your returns. You can also go online and read reviews, analysis and reports on the stimulus tax credit for hybrid vehicles to find more details.

The credit amount depends on multiple factors:

First, you must be the owner of extended range electric vehicles or plug in hybrids. Your hybrid model has drive trains which are powered by both rechargeable batteries and internal combustion engine.

Second, your eligibility depends on the vehicle model and the state where it was purchased. This scheme is also known as the Alternative Motor Vehicle Credit and all vehicles purchased after 1st January 2006 are eligible for this.

Third, if your hybrid vehicle was on road in the year 2008 and you are a taxpayer, then you can certainly claim credit. However, according to the stimulus package, credit will be given only to those who are the actual owners of the hybrid vehicles and not for those who have purchased the vehicle on a resale in the year 2008.

Fourth, the vehicle size and battery pack also plays a role in determining your eligibility for tax credit in the plug-in hybrid range. If you own a Chevy Volt, you should get a credit somewhere around $7,500 if you qualify. If you own a plug-in truck you may even be eligible for credit that can be as high as $15,000.

Finally, if your vehicle is extremely fuel efficient, you may even be eligible for credit worth $3,000.

In addition, there are other factors to consider:

  • Credits will be given to new hybrid vehicles (those models which came out last year). The limit for a manufacturer is 60,000 vehicles. After this number of vehicles is sold, the available credit starts coming down until it is completely eliminated. Vehicle owners must wait for the manufacturer to reach the sales limit and file before the end of third month following the quarter.
  • The manufacturing company is not an eligibility criterion and as of now around 500,000 vehicles are eligible for tax credits.

It is also worth noting that there are other benefits offered in this package, including a $2 billion grant for manufacturing and development in the battery sector. A tax paying buyer who goes in for vehicle conversion will be eligible for up to 10% of the conversion price or a maximum of $4,000.

In conclusion, whether you own a hybrid vehicle, or if you are planning on buying a new hybrid car, you may be pleasantly surprised to find a deduction in your local sales tax and auto loans.

Are Hybrid Vehicles a Safe and Practical Choice?

Hybrid cars are quickly becoming a popular choice in transportation based in part on their better gas mileage and lower impact on the environment. In fact, their popularity can be seen as I drove around looking at Capitola condos; chances are you’ll see a few driving around. Just as with any other new vehicle, though, there are potential safety concerns. The next few paragraphs will detail some of the safety concerns associated with this relatively new technology, and will hopefully help you decide if the practicality of hybrid cars is worth the investment.

Truth be told, the fact that hybrids run on both gasoline and electricity has no real bearing on their safety. Each individual hybrid car has been tested time and time again by various accident rating institutions such as the National Highway Traffic Safety Association, and Safe Car. Many of the hybrid cars are smaller in size, more maneuverable, and more able to avoid collisions. They also rank relatively high in safety ratings for vehicles in their weight class. Their safety, overall size, and fuel economy make them a great choice for visiting a few of the homes featured at a Capitola real estate broker.

It should be noted, however, that hybrid vehicles do present some unique potential hazards when they are involved in an accident or when they need to be repaired. However, by understanding them, and taking some commonsense precautions, the risks can be minimized. The first potential hazard to consider is that the high voltage hybrid battery and the vehicle’s power train components create a shock hazard. While there is no confirmed record of a person being electrocuted while servicing a hybrid, certain precautions must be taken.

Hybrid vehicles by their very nature contain high voltage electronics. Because of this potential safety concern, high voltage cables and parts are usually color coded to warn of the potential danger. Unless the battery is disconnected, these cables should be avoided. As for the batteries themselves, all hybrid vehicle batteries have a safety switch or a quick disconnect mechanism. It is these and other safety protocols that have been instigated by hybrid car companies to ensure the safety of their clients, rescue workers, and mechanics. This is not a job for the back yard mechanic who lives in a Capitola condominium.

Of course, those who drive, repair or rescue accident victims are not the only people that should be considered when it comes to hybrid safety. Bystanders and pedestrians are also an important consideration. For many of them, one of the perceived advantages of hybrid cars could cause a potential danger. Hybrids cars are extremely quiet on the road. This lack of sound makes their approach fairly unnoticeable, especially by those with vision impairment. Thankfully, there are some industry insiders are trying to create technology to slightly increase the sound of the hybrid engine, and is being developed by Lotus.

Hybrid cars are not only becoming more practical and affordable, but their safety is comparable to conventional vehicles of the same size class. Depending on your transportation needs, and financial status, a hybrid vehicle might be a great investment for you. Whether you buy a hybrid or a Capitola condo for frugal reasons, but have their places as investment in living a good life and being responsible.