Drivers have all sorts of methods they can employ to get the most out of each tank of fuel. From changing their driving habits to purchasing newer, more efficient vehicles, there's no shortage of different tactics.
In a world where saving fuel goes beyond simply financial benefits and begins to impact the environment, it's important that both manufacturers and drivers recognise the role new technology plays in creating an industry that's cleaner and greener.
Hybrid vehicles are one of the most important developments in this case, allowing drivers with fuel cards to get much more mileage out of each tank. Will this trend continue?
Hybrid sales on the rise
A new report from PricewaterhouseCoopers (PwC) has revealed that consumer demand for hybrid vehicles is increasing, a fact that will have a significant effect on the automotive industry in the coming years.
Hybrid sales could increase by 433 per cent by 2021.
With most manufacturers offering a hybrid engine of some sort across their model range, consumers usually don't have to make sacrifices to own one of these cars. From larger SUVs and sedans to smaller hatchbacks, almost any type of vehicle now comes in a hybrid format.
According to PwC, the number of alternative fuel vehicles is expected to grow by up to 433 per cent by 2021. If this forecast is correct, this will result in 2.2 million of these vehicles in Europe alone.
While PwC's statistics included electric cars in its category of alternative fuel vehicles, the organisation is expecting hybrid vehicles to be the most popular option for the time being, as they represent a more comfortable entry into the green cars market.
There could be challenges to widespread consumer adoption however, as PwC notes that prices will continue to put some drivers off these vehicles. The advanced nature of the technology in these cars means they aren't always the cheapest option on the market in terms of upfront costs, although the long-term fuel savings make them enticing nonetheless.
Toyota remains a market leader
No stranger to being at the top of sales charts, Toyota is also excelling when it comes to getting a new generation of vehicles on the road. The company's Prius was an important model in the early stages of the hybrid boom, bringing affordable fuel-saving technology to the masses.
— Toyota Europe (@toyota_europe) December 3, 2015
The company recently celebrated an important milestone in this regard, selling its 8 millionth hybrid vehicle. Interestingly, while it took Toyota 10 years to hit the one million mark, it took just 8 years to tally up another 7 million sales on top of that, yet another indication that the tides have turned.