The Car and Truck Fleet and Leasing Management Magazine

Registration of Hybrid Vehicles Up 25.8 Percent in 2003

June 1, 2004

Registrations for hybrid vehicles increased 25.8 percent in 2003 over 2002, with 43,435 hybrid vehicles registered in the U.S. last year, according to R.L. Polk & Co. in a report published in the NAFA Fleet Focus e-mail newsletter. Since the introduction of hybrid vehicles in 2000, sales of those vehicles have increased more than 570 percent with a compound annual growth rate of 88.6 percent. The Honda Civic hybrid accounted for 50 percent of all registrations with a total of 21,750. The Toyota Prius had 20,387 registrations, amounting to 47 percent of the market share. The Honda Insight, with a total registrations too the remaining 3 percent. California is the state with the most hybrid registrations with 11,425, while Virginia, with 3,376, has the second most hybrid registrations. Florida came in third with 1,996.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Depreciation is simply the difference between the original cost of a fixed asset and the proceeds from the sale of the asset.

Read more

Up Next

More From The World's Largest Fleet Publisher