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The last years of expensive oil have made manufacturers concentrate on electric and hybrid technology a lot more. It's not just a DIY business here in Europe (and I guess other parts of the world) 70% of the manufacturers offer electric vehicles and a much larger percentage offer hybrids at a similar price to the petrol versions after governmental rebates.
Now I am not surprised the petrol guys are backing down. After all, more expensive prices will only work to bring more people into more efficient vehicles
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