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.
Popular hybrid electric vehicles in the US market
To protect our inventions, Paice filed a patent infringement lawsuit against Ford in 2014 and Hyundai/Kia in 2012 in U.S. District Court. Paice's hybrid technology was licensed by Toyota, the world’s leading manufacturer of hybrid vehicles, in 2010.
Click here to read the Ford complaint.
Click here to read the Hyundai/Kia complaint.
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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.
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.
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 Major Automakers
Paice has licensed its hybrid technology to Toyota and Ford, two of the world’s largest automakers. Toyota secured a global license for all Paice technology, while Ford’s license applies only to Paice’s first patent (U.S. Patent No. 5,343,970).
To protect its rights under its later patents, Paice filed a patent infringement lawsuit against Ford in February 2014 in U.S. District Court in Baltimore. Click here for more information.
Toyota and Ford account for more than 80% of all hybrid vehicle sales.
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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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MyPerfectAutomobile.com reports that automakers are dropping the cost of hybrid cars. The reason: a combination of lower gas prices, expiring tax credits and increased competition from more fuel efficient gas cars is putting added pressure on hybrid manufacturers. Read more.
Hyundai and Kia plan to triple their number of fuel-efficient cars by 2020, raising the number of fuel efficient cars from seven to at least 22 by 2020. The new lineup will include 12 models powered by gasoline-electric hybrid engines and six plug-in hybrid mid-sized and compact cars. The announcement comes on the heels of the news that Hyundai and Kia must pay…
As Toyota continues to work on the next generation Prius, it’s putting its electronic components to the test — in a 1,000 horsepower TS040 hybrid racer. HybridCars.com reports that the all-wheel-drive Le Mans car is using microchips and micro controllers that will be used in the Prius. Read more.
Hyundai and Kia are paying a record amount as a penalty for overstating fuel economy, according to Reuters. The automakers recently agreed to pay $350 million, including a $100 million fine, $50 million to prevent future violations and the forfeiture of emissions credits estimated to be worth more than $200 million. That comes on top of $395 million the automakers agreed to pay in December…
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