Sunday, June 03, 2007

Hybrid-electric vehicles gaining ground

One small bit of evidence that free-market technology and free-market economics is leading us in the direction of greater efficiency, and hence accomplishing more than a little bit of what the global warming alarmists are trying to force upon people through heavy governmental, inter-governmental, and non-governmental regulation, is the growth in interest in hybrid-electric vehicles. An article in The New York Times by Nick Bunkley entitled "Cars Outsell Light Trucks for First Time Since 2002" tells us that:

Sales of the hybrid-electric Toyota Prius rose 184.9 percent, according to Autodata. Dealers in parts of the country are again reporting waiting lists for the fuel-efficient model, even though Toyota has doubled production from last year.

This is amazing progress, with more to come.

We can only hope that government, politicians, activists, and alarmists will keep their distance and let free-market forces work their magic.

The economic benefits of efficiency is an exceedingly powerful "invisible hand."

-- Jack Krupansky

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