How low oil prices are slamming hybrids and electric cars – the san diego union-tribune

“Fuel efficiency isn’t as important to consumers right now as it was when gas was a lot higher,” said Akshay Anand, commercial insights manager for Kelley Blue Book, the Irvine-based company that researches and assigns values to cars.

Low oil prices translate into low gasoline prices, which has blunted the incentive for many U.S. Electric zap sound effect free consumers to buy vehicles that go farther on a gallon of gas — or in the case of all-electric vehicles, that don’t use any gas at all.

Registrations in California for Land Rover were up 39.4 percent in 2015 compared to 2014 and Jeep saw a 29.8 percent surge, according to IHS Automotive.

Sales for hybrids and alternative energy cars in the U.S. Gas turbine were down 13.2 percent in recently released figures by Kelley Blue Book that looked at sales in 2015 compared to 2014.

As a result, in perhaps the biggest irony of the collapse in oil prices, the hybrid car and electric vehicle sector that has used its relative independence from fossil fuels as a major selling point is suffering nearly as much as the oil industry.

“It’s not hugely talked about,” said Jeremy Acevedo, an auto industry analyst for Edmunds.com, the online car-shopping website headquartered in Santa Monica. Hp gas kushaiguda phone number “The sales of hybrids and plug-ins have been waning.”

Oil’s slump isn’t just hurting energy companies, said Saeed Irani, president of Sacramento-based Irani Engineering, a company that has drilled more than 1,500 wells in California.

National sales for the Prius dropped 10.9 percent in 2015, marking the first time annual sales were down since the hybrid was introduced in 1997.

Despite warnings about a warming planet and a Paris Climate Summit attended by President Obama and other world leaders, it seems environmental concerns only go so far when it comes to buying a car.

“We consistently find that the top two factors, regardless of segment, whether you’re looking at a small car or a huge luxury SUV or a pickup truck, are reliability and safety,” Anand said in a telephone interview. Electricity song lyrics “Fuel efficiency for a lot of people isn’t a top-five important thing anymore.”

“The spread between a hybrid and an SUV has diminished,” Anand said. Electricity was invented “It used to be that an SUV got you 20 mpg and a hybrid got you 50. Electricity nightcore And yes, that 30 mpg difference is a big deal, especially when gas prices are higher.

“But now you can get SUVs with 30 mpg highway now, no problem. Electricity kwh cost uk Now that the gap has been narrowed and gas prices are lower, I think that’s one of the critical reasons hybrids are suffering.”

Acevedo said customers — especially in California — still care about the environment but “when you look at the SUV landscape right now, it not the same. Electricity transmission vs distribution It’s not a yellow Hummer that’s tearing up the road.

And while driving Tesla may be the ultimate cultural status symbol for some, the alternative car icon does not appear immune to the downturn either.

While the Silicon Valley-based car maker doesn’t like to talk about sales — it prefers to call them “deliveries” — Tesla delivered 50,580 vehicles last year, at the low end of its predictions.

Tesla’s media relations department did not respond to a request from the San Diego Union-Tribune for an interview but during an investors call last month CEO Elon Musk didn’t mention lower gas prices as a reason for the down-tick.

For all the attention Tesla gets, the company makes up just a tiny fraction of the auto landscape and industry analysts look at the company as something akin to an outlier.

Even beyond the issue of low gasoline prices, another thing slowing down the electric car market is something the industry calls “range anxiety” — motorists’ concerns that an electric car could leave them stranded should it exhaust its charge.

Even with federal subsidies up to $7,500 per vehicle and as much as $4,000 in California rebates, most electric vehicles are more expensive than gasoline-powered cars of similar size.

In addition, the recently completed nuclear deal with Iran is expected to bring about 1 million more barrels of oil per day onto the global market as sanctions get lifted on Tehran.

The price of a gallon of gas is “going to have to get to $5 for people to freak out and go buy themselves a hybrid or an EV,” Acevedo told the Union-Tribune in a telephone interview. Orlando electricity providers “That’s the kind of stimulus that segment needs. Electricity jewels Right now it looks like gas prices are poised to continue dropping. Electricity vs gas heating costs Long term it’s definitely going to hurt.”

Later this year Chevrolet unveils its all-electric Bolt that promises to more than double the range of typical plug-ins to 200 miles while promising to sell for as low as $30,000.

“You’re looking at vehicle that could really shake things up if it gets the traction I’m sure Chevy is hoping for and a lot of people are expecting,” Acevedo said.

“We’re keen to see if automakers start touting the fact these cars are good cars that happen to get great mileage or great range or whatever rather than marketing them as hybrids first,” Anand said. Gas city indiana car show “Because what you’re seeing with hybrids right now is that sales aren’t doing well.” Copyright © 2016, The San Diego Union-Tribune