Honda’s Hybrid motor Market Value
REPORT SUBTITLE
Muhammad Yahya Khan | Communication Skills | 20th May 2017
Summary
This report is about the current ecosystem and the issues those are placed in the current world by the burning of fossil fuels. In the modern world a lot of burden is placed on the automobile companies due to the greenhouse gas emissions regulations. Companies like Honda don’t consider hybrid cars as a major issue as they are constantly striving to fulfil the people demands of an above the average car.
Introduction
Civilization has come a long way since the industrial revolution. After a long period of almost two centuries, we have realized that we have to move to more conventional method in which we can see a
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Toyota held the major market back at that time in Japan and as sales boosted, their production increased. The Prius was sold for three years in japan and was made available worldwide in 2000. It was cheaper compared to the hybrid technology in the market and people seemed to enjoy the new technology with the same traditional company. This placed a huge shadow over Honda in the market of hybrid technology. The first generation Insight was sold from 1999 to 2006. It was a successor to the EV Plus.
Consumers have started looking at hybrids as a viable option
Accord Hybrid Price in market 1 corore 15 lakhs. they find them selves compeled to make fast cars that do not have anything to do with hybrid cars economical alternatives to the combustion engine-
EV Plus
Back when the world realized to move to more eco-friendly automobiles Honda introduced its first electric car, the EV Plus. The first car was brought in the market in 1997 but the car lived short and was taken out of production in 1999. The car was brought as a test subject to test the newly introduced battery powered cars. It was only offered for a 3 year lease-only program but the cars were taken back by the company. It could give 66 horsepower with a top speed of 120 km/h. It could be driven for an average of 140 km’s with 90% discharge under ideal conditions. Its market value was $53900 which was quite a lot for a weird looking hatchback at
In this paper, we focus on using fossil fuels causing climate change. Fossil fuels are fuels formed natural resources such as coal, petroleum and natural gas, which are the most widely used fuel and industrial chemicals in the world. Since industrial revolution, fossil fuels bring a very great quantity convenience and technological products. So we can use cars, planes and all modern products. But fossil fuels cause climate change at the same time. Greenhouse gas, nitrous oxides and a great deal of harmful gas which are from fossil fuels are causing serious environmental problems. Therefore we need to be concerned about the problems caused by fossil fuels and the solutions.
The dependency on transportation in today’s society is quite remarkable. There are many forms that people take advantage of everyday including: planes, trains, and automobiles. Unfortunately, these diverse varieties of transportation do not run on imagination. For automotive vehicles, the most prevalent material used to operate are fossil fuels. There is a popular concern with the abundant reliance on these fossil fuels, which are a nonrenewable resource. The controversial usage has opened the discussion to alternative opportunities for fuel sources that, potentially, can replace the current fossil fuel being used in automotive vehicles. When considering the current market of cars, many have complaints in gas powered automobiles. There are many problems, commonly discussed, with emissions. Cars have a tendency to be harmful to the environment, and expensive to use frequently. This is where the alternatively powered cars are introduced into the conversation. There are multiple vehicles that can replace the prevalently operated, gas powered cars. However, alternatively powered vehicles must be considered in the same aspects a consumer would think about when buying a normal car. The buyer of automobiles, in the current market, look at the necessities that come with the maintenance and upkeep the car requires. Price, maintenance costs, insurance, incentives, and quality of life are
The advent of industrialized civilization has brought to us many remarkable feats that enhance our everyday lives. Such things as automobiles, airplanes, tractors, mainframe computers, and even relatively simple machines like lawnmowers have intertwined themselves into the everyday culture of modern day industrialized countries.. These products have provided us enormous benefits compared to the types of lives our ancestors used to live. In the eyes of some, the consequences of industrial activities that have evolved around the world will not pose any problems in the future, however as most have realized, this is not true. Contemporary production processes use fossil fuels such as
` The continuous use of fossil fuels is leading the Earth on a path to destruction. Generations of advancement and technological innovation being brought down to rubble. Natural disasters wreaking havoc on innocent people across the world. Temperatures soaring above 125℉ globally. These are the results of the excessive use of fossil fuels. A chief concern in the 21st century is global warming and climate change, and the continued use of fossil fuels for the technology and daily lives of humans is key to blame. Decades ago, these problems were much more daunting and seemingly unsolvable than they are today, with the use of alternative energy sources and new
The authors reveal the “desperate delusion that alternative fuels can solve the ecological catastrophe that is the private car”. Corn-based ethanol produces more CO2 than oil-based petrol “if all the energy used in the growth phase is properly accounted for”. Corn-as-fuel also takes up five times more land than corn-as-food. Using hydrogen or electricity to power US cars would need more dirty coal as an energy source. Either that or an area as large as the state of Massachusetts for solar panels, or New York State for wind turbines, or 200 new nuclear energy plants. (Mugyenyi and Engler, 2010, p.106-113) “There is no such thing as a green car,” the authors conclude. “Unsustainable” would barely describe the car’s environmental failure if the rest of the world were to adopt US patterns of car ownership and driving behavior (Mugyenyi and Engler, 2010, p.114).
Hybrids are deservingly known for their fuel economy, a 2016 Prius c can get up to 50 MPG (FuelEconomy.gov, US Department of Energy). They are also known for being kind to the environment: Toyota advertises the Prius c, as seen below, as an “everyday eco fun sized for the city” on their website (Toyota, toyota.com/priusc). In Kia’s Super Bowl LI commercial for their new hybrid crossover, the Niro, they use the tagline: “it’s hard to be an eco warrior, but it’s easy to drive like one.” Hybrid owners agree with this; they can be seen driving around with proud smiles on their faces, knowing that they are saving the earth. But they have likely done little research, because
Although Toyota invented this new hybrid vehicle more than ten years ago, it did not offer the car to the USA consumers immediately. The main reason was that Toyota was aware of the new technology challenges. While Toyota was on the market research and new product development, other companies were focusing on merger and acquisition. Brand recognition, technology changes and improvement take several years to finish and Toyota wanted to launch a product which has cleared all the possible obstacles such as space, efficiency, speed, safety, weight which can meet all consumers ' expectations.
Toyota unveils the Prius -- the world's first commercially mass-produced and marketed hybrid car -- in Japan. Nearly 18,000 units are sold during the first production year.
The growth rate of plug-in vehicles has already beaten the growth in sales of traditional hybrids, which run on gas and batteries. Sales are even growing faster than those of the Toyota Prius when they were first introduced. The Prius was the first hybrid.
For a few decades, pollution has become an emergent hazard to the Earth. To solve that problem, human have been putting a great effort into filtering atmosphere, cleaning wastes from industrial factories, and making things greener. Waste from transportation is one of the most serious effects on environmental problems. It appears that scientists are searching for alternative fuels and evolutions in automotive industry, which must satisfy energy requirements and offer, at least, same performance compared to conventional car. The automotive industry, therefore, has turned to a new project, which is called hybrid transportation. This proposal presents how hybrid cars have developed and how that technology works in order to protect environment and save expenditure on fuel economy. Also, this will consider positive side of hybrid vehicle technology and its integration into society.
Toyota dominates the hybrid market, but its one plug-in model was around for just a few years before it was canceled in 2015. Less than two years later an all-new model has rolled out and it sports the Prius Prime name.
The most of global energy production produces from fossil fuel such as coal, oil and natural gas. The vast fossil fuels generate energy which use for many purposes for instant residential, transportation and industrial sectors. While the rate consumption of fossil fuel higher than their formation leads to oil price crisis. Another concern of fossil fuel combustion is the impact on the environment. Global warming is a significant problem which results in increasing concentrations of greenhouse gas in the atmosphere. These problems drive researchers and societies to search alternative energy such as switching to renewable energy or carbon-free energy to replace fossil fuels. For example Nakata et al., (2011:465) show ‘low-carbon society’
One of the most popular hybrid cars of 2017 is the Toyota Prius. This vehicle is one of the most fuel-efficient vehicles among others. This vehicle is one of the most reliable cars compared to modern vehicles. The Toyota Prius was rated one of the safest vehicles this year. In 1997 this was the first hybrid vehicle in mass production in Japan. In 2000 this hybrid vehicle became known nationwide. The Toyota Prius may be a great vehicle, but it also has some downfalls. It has slow acceleration and provide enough space for families. This vehicle runs with an electric motor and a gasoline engine. This vehicle contains new technologies such as climate control, smart key system, premium audio, wireless phone charging,
Earth is perishing. Every living thing in the ecosystem plays a part in preservation of nature. Even if one of these species neglect their responsibilities the whole system shuts down; thus, every creature is connected and cannot be seperated from each other. Despite all this, human race see itself as the king of the jungle. They are greedy, careless and ignorant. Because of humans oceans are getting filthy, recourses are diminishing, and the air is becoming intoxicating. Although earth is becoming a living hell, it is’t too late to save it; with logical and creative solutions earth might survive. One of the most promising solutions in order to save earth is perhaps using alternative fueled cars. Even though
Hybrid engines and electric and other forms of fuel are being tried the world over on account of multiple problems. It is not only for vehicles but also for the industries that use fossil fuels and chemicals for manufacture. The primary problem is the pollution of the air, water and the entire planet on account of fossil fuel use. Not all fossil fuel forms are harmful. For example CNG, compressed natural gas is less harmful. The use of fossil fuel has deadly repercussions on human, animal and plant health. In other words all life on the planet can be at jeopardy. The shocking truth is revealed as follows: John Vidal of the Guardian reported that millions die in Asia on account of vehicle pollution. According to the report he quoted, issued by a consortium of universities working in conjunction with the UN, most of the deaths in Asia are caused by air pollution and fifty two million people died by particle air pollution in 2010. (Vidal, 2012, p. 4)