If there’s one thing that the world seems to be fighting for, it would have to be oil. We search third world countries for oil, we go to war over oil, we pay a large amount for it, and at the end of the day, we can’t get enough of it. While this may be true today, there’s a company that wants to change that philosophy for tomorrow. That company is Hybrid Technologies.
The Las Vegas, Nevada-based Hybrid Technologies was founded in 2000 and built on the idea that there are technologies out there that have not been utilized.
As you may have already guessed, Hybrid’s Plug-In Electronic Vehicle uses electricity to move their vehicles’ wheels. A large portion of that electricity comes from the electric grid—by “plugging in.” These vehicles work by utilizing a combination of grid energy, regenerative energy from braking and, depending on the model, power from another onboard source such as an internal combustion engine or a fuel cell.
We need these electric options because, quite frankly, we need an option for oil. At this point, 96% of U.S. transportation is fueled by oil. More than half of that oil is imported, often from hostile nations. Oil dependence poses a threat to our economic security as price volatility and supply insecurity impacts markets and consumers. Hybrid Technologies offers the world an option that is affordable and friendly to the environment.
While Hybrid has already made a mark on the U.S., the company is branching out. On May 14, 2008, Hybrid opened a fully-owned subsidiary in India. With creative ideas that are environmentally friendly, Hybrid Technologies could be a major player in the near future.
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