A new study from Reuters/Zogby says 45 percent of people expect to own a hybrid in 10 years. Also, they expect if gas prices hit $3.50 a gallon, they will need to cut back on their driving. Only 20 percent expected to own a gas-only car in 10 years.
19 percent of those polled said they would cut back if gas hit $4 a gallon, while another 16 percent would cut back at $5 a gallon.
39 percent they would cut back on their energy use, while 22 percent would cut back on their entertainment. 12 percent would cut their retail spending.
Source: Poll: When gasoline reaches $3.50 a gallon, Americans will hit the brakes - Automotive News (reg req'd)
The findings are the result of questions asked between July 12 and 14 of 524 U.S. voters who identified themselves as members of an "investor class." The poll has a margin of error of plus or minus 4.4 percentage points.
The respondents were a subset of a broader survey of 1,012 likely voters who were asked about topics ranging from President George W. Bush's performance to whether they shopped at Wal-Mart Stores Inc.