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Essay

Australian Hybrid Car Market

Essay specific features

 

Issue:

Business

 

Written by:

Tyrone G

 

Date added:

May 3, 2016

 

Level:

 

Grade:

A

 

No of pages / words:

2 / 345

 

Was viewed:

1602 times

 

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Essay content:

This is partially funded by Rudds $35m plan, which will bring employment to Victoria in the form of a manufacturing factory, as well as spark growth in the hybrid car industry in Australia. This plan and Toyota’s commitment will mean at a minimum the hybrid vehicle market is set to grow by 200% by 2010, from 0...
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A similar margin in Australia would add $4000 to the price of a basic Camry, edging it up to $32,500. The higher comparative prices of Hybrids means consumers will need to be both environmentally conscious as well as financially secure to purchase a hybrid under current market conditions. This poses both an impediment and an opportunity to financial organizations like Intech, the initial price difference may be enough to deter a large portion of the market, but since the problem is largely financial, Intech and other financial institutions can bridge this gap by offering unique financial incentives that counter the price difference...
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