Lux Research: despite cheap oil, niche plug-in vehicle sales will be resilient; conventional hybrids to be hardest hit
Green Car Congress
FEBRUARY 2, 2015
However, an analysis by Lux Research suggests that despite some decrease in sales, sales of plug-in vehicles will likely be resilient, and rebound as oil prices rise back to the prior higher levels over time. During the 2008 oil crash when US gasoline prices dropped by 58% in half a year, Toyota Prius sales in the US fell by 47%.
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