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Metal Casting Technologies : Dec 2009
METAL Casting Technologies December 2009 23 Prime Minister Kevin Rudd and Senator Kim Carr at the launch for New Car Plan for a Greener Future at the Automotive Centre of Excellence, Melbourne - November 2008 The Rudd Government announced a co-investment agreement last year with GM Holden and the South Australian Government, for Holden to build an all-new, fuel- efficient, low-emission small car in Australia The market for hybrid cars in 2020: report A forecast published this year by JPMorgan predicts the global market for hybrid cars will grow more than 23-fold to 11.28 million vehicles by 2020 and will account for every one in five cars sold in the USA. This trend toward petrol- electric vehicles will be largely influenced by stricter government regulation of carbon dioxide emissions in the United States and Europe. In 2008, more than 480,000 hybrid vehicles were sold worldwide, although this accounts for a mere 0.7 per cent of total global sales. According to the report this figure could increase to 13.3 percent in the next 12 years, making hybrids a must-have for all manufacturers. This figure is expected to be even greater in the United States where hybrids may account for more than 19.4 per cent of the market by 2020. Along with tougher emissions regulations, affordability will also play its part with the falling cost of hybrid drive trains also expected to make a contribution to the rise. It is estimated the unit cost of a hybrid system -- including the batteries, motors and computer hardware -- added around $5,667 to a vehicle's price tag in 2008. JPMorgan expects this premium to drop to $1,890 by 2020, pricing hybrid vehicles more closely to traditional petrol- powered cars. Th ktf
Media Kit 2010