

TOKYO, Dec. 14 (UPI) -- Japanese automaker Toyota Motor Corp. said it would be ready for a large scale release of a plug-in Prius vehicle by 2011.
In the world of alternative-fueled vehicles, the race is on between major companies. General Motors Corp. expects to sell the Chevrolet Volt plug-in at a rate of 60,000 per year by late 2010, The New York Times reported Monday.
Volkswagen, Ford, and Nissan have electric cars in various stages of development.
Toyota did not give a specific number, but said "several tens of thousands," of plug-in Prius hybrids would be in showrooms in 2011.
A plug-in Prius will also be available for leasing this year, but the availability is expected to be sparse, while Toyota evaluates feedback from drivers.
The plug in Prius is rated at 134 miles per gallon and is expected to drive about 14.5 miles using a lithium-ion battery. When the battery wears down, power switches over to a hybrid gas and electric engine.
It is expected to cost half as much to drive for short trips than a regular Prius if the owner charges the vehicle at night, when electric rates are cheaper.
|
|
|
| Additional Business News Stories | |
BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
|
ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption