Hybrid Vehicles Lose Market Share in 2010
November 28, 2011
For the first time since hybrid vehicles entered the market, the share of hybrid registrations declined in 2010 – from 2.9% in 2009 to 2.6% in 2010. Reasons for this include the relatively lower price of gasoline and the availability of several non-hybrid vehicles that get 40 miles per gallon or more.
Share of Hybrid Registrations, 2005-2010
Share of Hybrid Registrations, 2005-2010
| Calendar Year | Market Share |
|---|---|
| 2005 | 1.4% |
| 2006 | 1.8% |
| 2007 | 2.5% |
| 2008 | 2.6% |
| 2009 | 2.9% |
| 2010 | 2.6% |
Source
R. L. Polk and Company, "U.S. Hybrid Market Share Suffers, Expected to Rebound," April 2011.