Low oil prices are making it harder to sell fuel-efficient cars.
Kelley Blue Book reports sales of nearly every category of vehicle has grown over the past five years — with the exception of hybrid and alternative fuel vehicles.
At the Detroit auto show, on Tuesday, GM’s Powertrain Chief agreed.
GM, Toyota and other makers of have seen sales of hybrids and EV’s slide as a global glut in oil keeps gas prices low.
Oil crashed just under 30 dollars on Tuesday, a 13-year low… and that’s causing GM to be more pessimistic about customer willingness to pay for fuel-saving technologies – but they’re not changing plans and will continue to roll out more fuel-efficient vehicles.
At Toyota with Prius – they are playing up style and playing down fuel efficiency.
