I haven’t heard anyone talk about this recently, but I think this is incredibly important.
The auto industry is not necessarily suffering due to their lack of hybrid vehicles. Even if they put more hybrids out on the market, few people would be able to afford it.
I don’t know if this is a statistical fact, but people used to buy cars every few years, but a new generation has been taught a fundamentally different set of values in regards to cars. People simply don’t want the “newest” car. At least this is the feeling that I am getting when I talk to people.
Car companies, on the other hand, are expecting the American people to buy cars every few years.
The reasoning seems simple: people don’t buy cars every few years, so the car companies need to make less cars.