Registration of Hybrid Vehicles Up 25.8 Percent in 2003
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.