Yet another infographic today, as Good.is takes a look at whether gas prices effect the type of cars that we buy. As gas prices rose, in general we bought more efficient cars until the Great Recession hit. Why do you think that efficiency fell off as gas prices hit an all time high? My guess, and it is only a guess, is that when the Great Recession took place, people stopped buying cars that they did not need. Meanwhile purchases of trucks, which have lower efficiency, were still being purchased because they are used on farms, and in industry. That skews the data for those few quarters. We are still feeling the effects of the Great Recession in the auto industry as it is on pace to sell 10.78 million cars this year, compared to being on pace to sell 15 million cars in January 2008.
Gas & fuel prices increase day by day. At, that time electric cars is good option in front of automaker. Today we have seen many automaker companies concentrate on such a vehicle, which is running on solar & electric power.