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
The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. In the US over that same period, gasoline prices have fallen from $3.7/gallon gallon to about $2.1/gallon.
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