Hybrid Market Powering Up in Canada

february 1, 2005  10:00 am
Hybrid autos only hold a tiny fraction of Canada's vehicle market but they are gaining momentum. Sales of the gasoline-electric powered autos jumped more than six-fold from 2003 to about 2,300 units last year and industry watchers predict business could double or triple again this year. The observers said yesterday the only factors that could stymie major growth in hybrid vehicles is a decline in the overall auto market, falling gas prices or not enough supply to meet demand.