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

Paice reaches licensing agreement with Honda, Ford
Paice has reached agreements this year to license all of its hybrid vehicle technology to Honda and Ford. Paice has now licensed its innovative technology to many of the world’s leading automakers, including Toyota, Ford, Honda, Hyundai/Kia and others. Read the history of Paice's licensing success.

Bloomberg highlights Paice and the power of “impact investing”
A recent article touts the importance of Abell Foundation’s $25 million investment in Paice LLC. Paice has signed a series of licensing agreements with leading car companies, paying big dividends for the Abell Foundation and the people it serves. Read the full story.

Paice remembers Sen. Joe Tydings, one of its greatest champions
Frances Keenan shares memories of Sen. Tydings and his contributions to Paice.

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  • 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.

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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