Green

Environmental friendly hybrids and electric vehicle sales are on the rise

Just about every car maker is coming out with an electric, hybrid and other clean vehicles. This is welcome news for the planet and the world’s environment. Consumers armed with government incentives are buying more and more environment friendly vehicles. After the power plants, the transportation accounts for 28 percent of the U.S. greenhouse gas emissions. According to the New York Times, increased vehicle fuel efficiency alone helped reduce carbon dioxide emissions in the U.S. by 16 percent between 2005 and 2012.

Hybrids and electric vehicles are selling well in the U.S. More than 350,000 such vehicles have been sold so far this year, an increase of 30 percent over the same period last year. More than 40 models of hybrids and electric vehicles are available for customers to choose and Toyota Prius outselling most other brands. Among environment friendly luxury brands Tesla’s Model S lead the pack. Its success has influenced BMW and Cadillac to come up with comparable vehicles. What is behind the renewed interest in environment friendly vehicles? The Federal government requires doubling the fuel efficiency by 2025 and the government has a $36 billion loan guarantee given to the car makers.