Financial Times FT.com

Sharp decline in sales of hybrid vehicles as US tightens its belt

By Bernard Simon in Toronto

Published: January 2 2009 02:00 | Last updated: January 2 2009 02:00

Americans' appetite for hybrid cars is evaporating as tumbling fuel prices and tighter household budgets trump environmental concerns.

The sudden reversal in what was, until a few months ago, one of the hottest segments of the world's biggest car market creates a new area of uncertainty for carmakers, such as Toyota, General Motors, Ford Motor and Honda, that are investing heavily in hybrids and other fuel-efficient technologies.

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