Others are more dependent on petrol and have correspondingly worse greenhouse emissions. Some designs, like the BMW i3 and China’s Li L9, rely more on electricity with a small ICE to extend range. The technology has improved and diversified. In the crucial mass-market segment, they sport better earnings margins. Hybrids are generally cheaper to manufacture and buy than pure electric models, and getting more so now that battery costs have spiked. It even threatened in July to close its UK factories if the government there follows through on its threat to ban the technology by 2030. Toyota argues that policies banning ICE and hybrid cars are coming too quickly. There were over 5 million of them on the world’s roads in 2021, per International Energy Agency estimates, or 30% of the electric-vehicle (EV) total. Plenty of major car brands still like hybrids China’s Li Auto (2015.HK) makes nothing else. Forcing the pace of change could leave middle-class consumers and poor countries behind and even spark a grassroots backlash against clean cars in general. Purging the internal combustion engine (ICE) is the ultimate goal, but that’s a long way off. Activists are attacking companies like Toyota (7203.T) for not ditching them fast enough in favour of purely battery-powered cars, while politicians prepare to wind down subsidies for or outright ban motors that mix electricity and gasoline. These projects provided a roadmap to market and helped pave the way for commercialization of each of the technologies.HONG KONG, Aug 16 (Reuters Breakingviews) - There’s a place for the hybrid electric car. This fast-tracked partnership initiated over 300 projects with 450 organizations. The consortia organized industry teams to recommend and develop technology solutions, provide additional project management, and ensure that participants would share the cost of developing and implementing advanced vehicle technologies. Under creative management by the Defense Advanced Research projects Agency (DARPA) of the Department of Defense (DOD), the EHV program competitively selected seven regional advanced transportation technology consortia. Electric and hybrid electric systems also have great potential in the commercial marketplace. Electric and hybrid propulsion systems, which are cleaner and more efficient than conventional systems, have great potential to solve military issues relating to performance, stealth, and fuel efficiency. To serve the evolving needs of our national defense, Congress created the Electric and Hybrid Vehicle Technologies (EHV) Program in 1992.
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