Hybrid Technologies, Inc. is leading the drive for electricity-driven automobiles and a cleaner planet. The company’s LiV(TM) series of vehicles run on lithium-powered batteries that recharge using the same electricity used to power a home or office, and require no gas, oil changes or other maintenance.
Hybrid Technologies says that the average consumer spends about $3,700 a year on fuel costs and that its vehicles can cut that figure to less than $300 annually. With gas prices surging to record highs recently, Hybrid Technologies’ vehicles could present a viable alternative for the consumer suffering from price-shock upon every visit to the local gas station and for the environmentally conscious driver who wants to drive a vehicle that emits no carbon dioxide.
Recently, the company’s cars were profiled on NBC’s “Today Show” and the company has said drivers could save $25,000 over a period of time by owning a lithium-powered vehicle. Hybrid Technologies’ cars can travel at speeds up to 80 miles per hour and can go more than 150 miles between charges. A typical charge takes six to eight hours to prepare the car for a 150-mile journey.
The $66 million market cap company, which currently trades for less than $3 a share, has a six-month price target of $5.29 and a one-year target of $6.72 by AllOTCBB, so this could be the perfect time for investors to take a look at Hybrid Technologies’ shares, especially as demand for fuel-efficient cars rises.
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