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May 23, 2005
FUTUREPUNDIT LOOKS AT PROSPECTS FOR HYBRID CARS: I'm deeply skeptical of the claim that most increases in fuel economy are simply "consumed" as people drive more miles. Most people I know drive as much as they want to already, and I don't think a decline in fuel prices would make much of a difference. I'm sure it would make some difference overall, but I doubt it's as substantial as claimed.