Hybrid vehicles (cars) are getting Down Under

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Charmed

Dear Covers:

I did a simple calculation after I read the two stories here about hybrid vehicles. In Australia fuel prices are $1/liter, or $ 3.78 per gallon (1 U. S gal = 3.875 liters). Now, that is already higher than the gasoline price today in the U. S. We must also account for the exchange rate between the Australian dollar and the U. S. dollar. One U. S. dollar = 0.713 Australian dollars (*). We are talking $3.78 Australian dollars per gallon which means US $5.30 per gallon. (* Please see following post by Wes on exchange rate. We have to multiply by 0.713, not divide as it did here.)

Australians, it appears are taking a good look at the hybrids for purely economic reasons.

According to the second story, Canadians are also taking a good look at the hybrids. There is a price differential but hybrids are becoming more affordable now and priced comparable to other midsized cars.

Question: At what gasoline price would you, as a U. S. consumer, take a good look at the hybrid. Toyota wants to sell at least 300,000 hybrids in the North American market by 2005.

$2.50 per gallon
$3.00 per gallon
$3.50 per gallon


Charmed :)


**************

Hybrids ease pain at pump

With fuel prices at well over $1 per litre, more Orange (in New South Wales, Australia) motorists and organisations are turning to hybrid cars.

Orange Toyota stocks the Prius hybrid. Sales manager David Hill said the car could travel about 1000km on one tank of fuel.

"Fuel economy is the biggest selling point, followed by environmental factors and the appeal of something different," Mr Hill said.

Ian Parker Motors stocks the Honda Civic Hybrid. Sales manager Michelle Meyers said customers were mostly attracted to the car for economic reasons.

"People are not that concerned about being environmentally-friendly, they're looking to save money," she said.

The Western Institute of TAFE's Orange campus has five hybrid cars, the largest fleet of hybrid cars of any NSW Government organisation.


https://orange.yourguide.com.au/det...egory=general news&story_id=327828&y=2004&m=8


Hybrids are still rare in Canada

(broken link removed)


Manufacturers have told the federal government the price gap of $3,000-$8,000 between hybrids and regular vehicles hurts sales.

Honda dealerships in York Region sell only one or two of the Civic Hybrid (a modified version of Canada's best-selling car) a year, since, even with a provincial rebate, buyers must pay $7,000 more than for a no-frills regular Civic. In California, where hybrid sales are much stronger, buyers receive $2,000 US, making it likelier the hybrid can make up the extra cost when fuel savings are included. Local demand for the Prius is increasing, perhaps because it is now midsized and can compare in price to other midsized cars, such as the Camry.
 
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Perhaps you'd like to revisit your calculations:
https://www.oanda.com/convert/classic


Friday, August 13, 2004

1 US Dollar = 1.39938 Australian Dollar
1 Australian Dollar (AUD) = 0.71460 US Dollar (USD) Median price = 1.39819 / 1.39938 (bid/ask)
Minimum price = 1.39101 / 1.39198
Maximum price = 1.40371 / 1.40469
 
US to Australian Dollar conversion

Dear Wes:

Thanks, Wes. I was waiting for someone to fix this. I was wondering about that myself, when I checked the exchange rate today. The exchange rate table I checked was a bit confusing. The exchange rate for the Canadian dollar was stated just like you stated it here for the Australian dollar. But they had it reversed for the Australian dollar. Not being intimately familiar with Australian currency I thought may be the one U. S. dollar gets us only 0.713 Australian dollar.

So, we really have to multiply by 0.713, or a fraction close to that. If we now multiply by Australian dollars ($3.85) by 0.713, we get US $2.75 per gallon, which is still higher than what we are now paying here in the U.S. Locally it is about $1.85 per gallon for me. Regards.

Charmed :)

P. S. The difference in fuel consumption, between 55 mpg and 25 mpg or even 30 mpg (the CAFE standard is 27.5 mpg), is quite significant if the vehicle is driven for say 100,000 miles, even if we assume gasoline is priced at US $1.75 per gallon.
 
Charmed and Wes,

I know this is about Hybrid vehicles but here is an interesting chart showing the comparative prices for OECD countries. Our fuel cost is actually lower than the US but our taxes are fare greater (equating to 50% of our costs. Australia is about the size of the mainland US but only has a population of 20 million so we have to subsidize the roads.

(broken link removed)

Hybrids are not as wide spread as you may think (in Australia) although the new Prius II from Toyota caught my eye when I went to purchase a new vehicle some two months ago. I opted for a V6 sport utility from the some company instead. I have a friend that has the Prius and he swears by it. It has an electric /petrol motor and automatically switches between both depending on driving conditions. I must look it up on Toyota's website. I have only seen three hybrid cars although I do see a great deal of cars running on LPG (this is because the government did not have an excise on LPG until relatively recently so nearly every taxi converted to the Cheaper alternative.
 
Hybrids are not needed....There is a better way

The way I look at it is like this.....

Since we have boots on the ground in the Middle East
We should get a discount.....
 
cncmarine said:
Hybrids are not needed....There is a better way

The way I look at it is like this.....

Since we have boots on the ground in the Middle East
We should get a discount.....

What does this mean?

Seems to me that since China has become a larger consumer, we simply are depleting our supply at an unreasonable rate. It's finite, we cannot just claim a discount for some reason or another, and call that good enough.

What is the "better way"?
 
Hybrids in Australia

Greg B said:
Charmed and Wes,

I know this is about Hybrid vehicles but here is an interesting chart showing the comparative prices for OECD countries. Our fuel cost is actually lower than the US but our taxes are fare greater (equating to 50% of our costs. Australia is about the size of the mainland US but only has a population of 20 million so we have to subsidize the roads.

(broken link removed)

Hybrids are not as wide spread as you may think (in Australia) although the new Prius II from Toyota caught my eye when I went to purchase a new vehicle some two months ago. I opted for a V6 sport utility from the some company instead.

Dear Greg B:

I agree, if you remove the tax component and gasoline/petrol prices are much lower in all countries. Actually, if you think about it, a gallon of milk in the US is more expensive than a gallon of gasoline. I assume that I have taken care of the exchange rate problem (dividing by 0.713 instead of multiplying), since you did not comment on it.

So, you decided not to go for the hybrid. Neither did I, and that was just two weeks ago. But here's something on the demographics of hybrid sales.

Europeans Favor Diesels, Japanese Like Hybrids, There's Room for Both in U.S.

(broken link removed)

Buyers of the current hybrids available -- the Toyota Prius and Honda Insight and Civic Hybrid -- are highly educated, upper-income people, said McManus, which suggests that automakers may be able to get a price premium for the next batch of hybrids to hit the market, beginning with the Ford Escape Hybrid later this year.

Buyers of diesels, including some Volkswagen Jettas and New Beetles, keep their cars a year longer than owners of gasoline cars and drive 3,000 more miles annually, said McManus. In highway driving, diesels are more fuel-efficient than hybrids. The opposite is true in stop-and-go city driving. The next big diesel scheduled to hit the U.S. market is the Jeep Liberty, due next summer or fall.

Charmed :)
 
And when hybrid vehicles are the vehicles of choice the price will go to $10/gal. And we will get a double whammy because the cost of electricity will also rise.
This is what's commonly known as a "win-No win" situation.
 
Win-No-Win

Sam said:
And when hybrid vehicles are the vehicles of choice the price will go to $10/gal. And we will get a double whammy because the cost of electricity will also rise.
This is what's commonly known as a "win-No win" situation.

Dear Sam:

You have an interesting point. It's all about making money. So, if the mpg goes up, $/gallon must go up to keep the $$$$ flowing. One thing everyone knows is how to count money.

Charmed :)
 
If consumers bought based on MPG, hybrids would be selling just fine. But they don't.

Here is the problem, when you go car shopping, do you take a list of the highest MPG cars and start looking? No, most of us do the following in order:


Vehicle type -I'm looking for a Car/Minivan/Pickup/SUV
Manufacturer preference (I'm a Dodge fan)
Style -Which vehicle of that type do I think looks nice
Performance -Which vehicle on my list has highest horsepower/performance
Price -What is the best bang for my buck
MPG performance - Can I live with the mpg

My current perception of Hybrids is they
Cost more
Perform worse
Look ugly

Are they more efficient and will they save money in fuel costs? Sure, but not enough to offset the negatives.


I drive a Dodge Dakota Quad cab pickup with a V6 that produces about 175 horsepower. It was just over $20,000 new.

Find me a hybrid quad cab with 175 horsepower (equivelant) under $24,000 and I'll trade mine in, other than that, your wasting my time.

Carl-
 
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