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Honda’S Hybrid Motor Market Value. Report Subtitle. Muhammad

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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 …show more content…

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

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