have dominated the hybrid car
market in North America, there are other car manufacturers who want to join the party.
The Korean Hyundai
Motor Group has launched two hybrid models in the US this year, hoping to capitalise on the popularity of fuel economic vehicles set against the constant increases in gas prices.
The Sonata Hybrid
is powered by a gasoline engine with an electric motor powered by a lithium ion polymer battery.Hyundai
’s affiliate company Kia
has also released the Optima Hybrid
in North America this year. Hyundai
purchased struggling firm Kia
In Korea, the two models went on sale with government tax incentives of about US $1,000. In the US, the models will have a ten year or 100,000 mile warranty on major parts. Both the Optima
and Sonata hybrids
carry a 2.4 litre engine, with six speed automatic transmission. In North America they retail between $26,000 and $31,000.
is a competitor to Ford Fusion Hybrid
and Toyota Camry Hybrid
aimed to sell more than 11,000 Sonata hybrids
in Korea during 2011, but did not disclose how many units it hoped to sell world-wide. Kia
is hoping to sell 6,000 units of the Optima Hybrid
overseas in 2012 and 10,000 more in Korea. Hyundai
also plans to keep up with Toyota
by offering a plug-in hybrid
in a year or two; something that Honda
has yet to do, but has announced plans for in 2012.
have the fifth largest car sales in the world. They aim to sell 10 per cent more units by the end of 2011 compared to 2010. They took 8.1 per cent of the global market in 2010.