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Fuel Efficiency and Growing Concern for the Environment Impacting Consumers ... MarketWatch (press release)

20.04.10

MCLEAN, Va., Apr 20, 2010 (BUSINESS WIRE) -- Just in time for Earth Day on April 22, a new survey by Capital One Auto Finance ( www.capitalone.com/auto ) finds that when it comes to Americans' auto preferences, bigger may not always be better and fuel efficiency is in the driver's seat. The survey, which examined drivers' views about fuel efficiency and alternative motor vehicles, found that over half of respondents (53%) say that their next car will be more fuel efficient than their current vehicle and 55 percent would be very likely or somewhat likely to give up a larger vehicle for a more fuel efficient model when they buy their next car.

The study also explored alternative motor vehicles, or vehicles that run on a fuel other than "traditional" petroleum, such as electric vehicles or gas-electric hybrids. While the overwhelming majority of those surveyed (96%) do not currently own an alternative motor vehicle and two-thirds (76%) have never driven or test-driven one of these types of cars, nearly 80 percent (78%) believe they are here to stay and are not just a passing fad.

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