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The Economics of Hybrid Energy Systems

Increases in environmental regulations and fuel prices evolved the muscle cars of the 1970s into today’s hybrid automobiles. These hybrid cars combine highly efficient gasoline engines with electric motors and light-weight batteries. Such hybrid systems rely on advanced control technology to actively achieve the right mix of electric and gasoline power and provide efficient operation at an acceptable price.

Just as changing environmental regulations and economic conditions led to such an evolution in the automotive industry, so too are similar variables changing the power industry.

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