Honda’s President & CEO Takeo Fukui has announced that by 2010 Honda will introduce low-cost hybrid and clean diesel vehicles in North America, hence reducing CO2 emissions. Honda confirmed that it is now developing a new dedicated hybrid vehicle â€œsuitable for family useâ€ in major automobile markets in the world. With this new dedicated hybrid vehicle, Honda believes it will offer a major cost reduction, enabling the company to offer the vehicle in 2009 at a price level lower than the Civic Hybrid.
Hopefully by doing this Krissy and I will be able to afford a hybrid by then. Fingers-crossed that by 2010 gas price is not $10 a gallon. Then we will have to resort to our alternative plan, bicycles.