Alternative Car Fuels UK

BYD Company from China is open to licensing terms for their ferrous-iron batteries as other car makers from the United States, Europe, and Asia show their interest.

The BYD Group is just considering their available resources for any possible tie ups with other car makers. BYD Auto utilized their expertise to come up with electric vehicles aiming to compete with the production of General Motors and Toyota’s plug-in vehicle hybrids.

The company came to the spotlight after the September endorsement of billionaire Warren Buffett. The company of Buffett, Berkshire Hathaway Inc. through MidAmerican Energy bought a 10% share of BYD worth $230 million.

The BYD is developing F60M which is a plug-in hybrid car due for release in Europe and the United States in 2011. The initial sales of these vehicles are targeting fleet services for the government, corporations, or utility companies.

BYD came up with the Dual Mode F3 and closed a deal with the China Construction Bank and the Shenzen local government for 50 units. The Dual Mode is also known as the F3DM which is designed with a gasoline engine to serve as back up.

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Statistics from the Society of Motor Manufacturers and Traders (SMMT) reveal that the sales of new cars dropped by 11.3% in the United Kingdom.

The December 2008 figures were not as bad as expected by business experts. The December registration of new cars reflected a 21.2% decline.

The demand for diesel fueled car remains to be on the optimistic side as it reached a record high of 43.6% at the end of 2008. With respect to this, the new CO2 emissions average also dropped a very significant 4.2% or on an average rating of 158 g/km. The emissions make a notable improvement of 16% from the readings taken in 1997.

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