The main factors to consider are the price Are hybrid cars really more cost paid on a hybrid, the cost of gas and how much you expect to drive the car. Get a free 10 week email series that will teach you how to start investing.
Additional state incentives include utility-rate reductions, the ability to drive in high-occupancy vehicle lanes without passengers and free parking for electric vehicles in metered spots. The Ford Fusion Hybrid breaks even because of its far better fuel economy and narrower price gap.
The exact cost varies from city to city. Trading Center Want to learn how to invest? This premium, according to a recent study by MojoMotors, can be as much as 20 percent, and for good reason: Your break-even point is longer if you pay a higher premium for a hybrid.
The green figure below?
Fuel prices are from August In all 27 cities we examined, the Nissan Leaf was by far the cheapest to own. Since then, hybrids have grown immensely, and virtually every major automaker has hopped on the bandwagon in one form or another. Despite the current cheap gasoline, it seems like a bad idea to buy a gas-guzzling car.
The overriding question is whether they are more economical in the long run. Share Hybrid cars can potentially be more economical to drive than fuel-based cars, but it really depends on the type of hybrid you drive, how much you drive and how long you own your car.
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Yet, hybrids still cost a premium when compared to their non-hybrid counterparts for cars that offer both hybrid and non-hybrid models simultaneously. Much of this difference comes from not buying gas. Scroll through the chart below to see the data comparing the costs of ownership in 27 cities.
That is how much is gained — in miles per gallon — by springing for the hybrid trim; as you can see, the figures vary from a 6 mile per gallon advantage to Many often wonder this, MojoMotors being one of them.
The Leaf costs much less to operate. No matter the price of fuel, most hybrids cost less to operate than comparable conventional cars. Light truck sales rose 10 percent in and show no signs of abating. The same goes for electric cars.
Decreasing gas prices extend the break-even points of hybrids. There are other caveats to take into account, too — not the least of which is driving habits and driving style.
Hardcore commuters who drive many miles per day, and those who spend considerable time sitting in traffic where idling is an issue will naturally benefit from fuel-saving technologies more.
Other models may take more than eight years to pay back. BlueIndy recently opened with parking spaces in the Indianapolis metro area; however, they have plans to expand their infrastructure to charging and parking sites, with room for cars.
Oddly, however, this just might be the right time to consider a hybrid or other type of green car. Driving a car with good fuel economy gives you a hedge against such price fluctuations.
So, they may receive more of an intangible value by going green without the actual cost savings. In terms of total cost of ownership, it is important to do the math.
Although hybrid batteries can be expected to last for up tomiles, they could lose as much as half of their charge over an eight-month to one-year period, and that can affect the operation of the vehicle. Unless you plan to keep your new hybrid vehicle past the break-even point, it may not be the most economical choice.Electric Vehicle vs.
Gas vs. Hybrid Cars: A Comparison of Maintenance, Fuel, Insurance and Other Costs Leaf drivers in Charlotte enjoy the lowest cost of. Note: This tool compares vehicles based on fuel cost and vehicle price only. Other factors, such as insurance, maintenance, or resale value, are not considered since they can vary widely.
Other factors, such as insurance, maintenance, or resale value, are not considered since they can vary widely. Hybrid cars can potentially be more economical to drive than fuel-based cars, but it really depends on the type of hybrid you drive, how much you.
Are Hybrid Cars Really Worth the Extra Cost? (for cars that offer both hybrid and non-hybrid models simultaneously.) 50, or more — yes, a hybrid may be in your best interest. But if you.
Hybrid cars, SUVs and trucks, including the plug-in hybrids that began appearing in the market inoften can cost from several thousand dollars less to. Often hybrid cars are more expensive than other cars.
According to the most recent numbers, the average price of a hybrid is $4, more than a gas powered car. The reason for this is they cost more to build.Download