A Driving Force Behind Today’s Hybrid Vehicle Technology

Paice has been at the forefront of hybrid technology for more than 20 years. Led by an innovative and experienced team of automotive veterans, Paice made its mark by discovering new ways to maximize fuel efficiency and reduce harmful emissions without sacrificing driving performance.

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Popular hybrid electric vehicles in the US market

Volvo licenses hybrid technology patents from Paice, Abell Foundation
Volvo Cars and Paice reached an agreement to license patented hybrid technology in May 2022. Paice has licensed its hybrid technology to more than 10 of the world's leading automakers. Read the press release.

Paice has licensing agreements with more than 10 leading automakers
See our licensing agreements.

All product names used on this website are trademarks of their respective owners, which are in no way associated or affiliated with Paice LLC.

  • Who is Paice?

    Paice is a small American company that played a big role in the development of today’s hybrid vehicles. By developing hybrid technology before major automakers began to focus on the potential advantages associated with electrification of the powertrain, Paice's technology laid the foundation for cost effective hybrid vehicles that provide fuel efficiency and low emission levels. See how Paice laid the foundation for today’s hybrid vehicles.

  • What is a Hybrid?

    Hybrid vehicles — which combine the use of an internal combustion engine and one or more electric motors to improve fuel efficiency — have never been more popular. The sale of hybrid vehicles continues to grow thanks to an expanding selection of vehicle choices and more competitive pricing. Learn more about hybrid electric vehicles.

  • The Impact of Our Inventions

    Paice's inventions are considered among the most significant in the hybrid industry. An independent analysis of 58,000 hybrid vehicle patents found that Paice owned four of the Top 10 most influential hybrid vehicle patents in the world. That's more than Toyota and Ford combined. Read the Griffith Hack report.

Paice Technology Licensed by Toyota, Ford, Hyundai, Honda, GM and others

Paice has licensed its hybrid vehicle technology portfolio to the many of most significant automakers in the world – Toyota, Ford, Hyundai/Kia, Honda, GM and others – who collectively account for more than 80% of all hybrid vehicle sales in the United States.

Toyota, the undisputed leader of the hybrid industry, signed a licensing agreement with Paice in 2010. The global licensing agreement allows Toyota access to all Paice technology.

Hyundai and Kia signed a licensing agreement with Paice in 2015. The South Korean automakers have announced plans to triple the number of fuel-efficient cars they offer, and are rolling out up to five new eco-friendly cars by 2023.

Paice also has an agreement with Volkswagen, Audi and Porsche related to its hybrid vehicle patents. The 2017 agreement resolved all legal issues related to Paice’s hybrid technology. Read the press release.

Ford, which ranks second in U.S. hybrid car sales, signed a licensing agreement with Paice in 2018. The automaker has announced that it “is going all-in on hybrids” and plans to offer 40 hybrid and fully electric vehicles by 2022.

Honda, one of the world’s leading car companies, signed a licensing agreement with Paice in 2018. Honda has ramped up its investment in hybrid vehicles and plans to generate two-thirds of its global sales from electrified vehicles by 2030.

GM took a license to Paice’s patent portfolio in 2019.

Daimler and Paice reached an agreement to license patented hybrid technology in 2020.

Mitsubishi, a global leader in plug-in hybrid vehicles, signed a licensing agreement with Paice in August 2020.

Read the history of Paice’s licensing success.

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Alex's Story

When Alex Severinsky came to the United States in the late 1970s, the nation was in the midst of an oil crisis and long lines for gas were commonplace. An electrical engineer, Alex began looking at alternative approaches to gasoline-powered engines and started developing ideas for a hybrid gasoline/electric powertrain that could reduce America’s dependence on oil. Years later, he founded Paice to turn that vision into reality.

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Hybrid News

  • Jul 18
    Most fuel efficient Hybrid cars, minivans, and SUVs

    Consumer Reports recently released its 2022 list of the top 17 fuel-efficient hybrid vehicles. The Honda Insight, with a fuel efficiency of 54 mpg combined, was number one across all vehicle categories. For midsized cars, the Toyota Camry and Honda Accord were ranked at the top with an overall fuel efficiency of 42 mpg. The RAV4 took the top spot…

  • Jul 08
    2023 Toyota Venza Review

    A luxurious alternative for customers who fancy the RAV4, the 2023 Toyota Venza sports a sleek, Lexus-like exterior and an updated interior with a large infotainment screen. The crossover, however, does sacrifice the interior space and is a bit heavier than the RAV4. The 2023 Venza still offers a smooth, fuel-efficient ride.Read more

  • Jul 01
    2023 Toyota Sequoia with revamped powertain

    Now standard for the 2023 Sequoia is Toyota’s hybrid powertrain, the iForceMax, composed of a 3.4-liter twin-turbo V-6 engine and electric motor. The hybrid powertrain improves the SUV’s fuel efficiency to 20/22 mpg from a previous 14/15 mpg. The interior remains spacious though much of the finishes are plastic. Read more

  • Jul 01
    2023 Corolla Cross SUV to include a hybrid model

    The 2023 Corolla Cross Hybrid is coming to the U.S. later this year and will be available in five trims, including three new sporty (S, SE, and XSE) ones. The crossover will have an estimated fuel efficiency of 37 mpg and a combined output of 194 hp. Read more

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