Hybrid cars will pay for themselves over time: study

Iria · Aug 23, 2006, 12:11 AM

Source: Reuters
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DETROIT (Reuters) - Some hybrid cars will pay for the premium added to their sticker prices because of high gas prices and tax credits from the U.S. government on the more fuel efficient vehicles, a study released on Tuesday shows.

Hybrid cars and trucks, which get improved mileage in city driving by running on a combination of gas and electric power, cost between $1,200 and $7,000 more than traditional versions of the same vehicles, according to auto Web site www.Edmunds.com.

But a fuel economy study by Edmunds.com showed that the scales were starting to tip in favor of hybrids. "High gas prices and generous tax credits now offset the high sales prices of some hybrids, assuming owners keep their hybrids for a few years," said Alex Rosten, an analyst with Edmunds.com.

EfrainMan · Aug 23, 2006, 05:33 AM

Selfishness is what's wrong with this country. The reason you should buy a hybrid isn't because it saves you money at the pump. It's because it uses less gasoline therefore 1) it reduces our dependencies on foreign oil, 2) it means less greenhouse gases and 3) it helps allay the depletion of a limited natural resource. Those are the important things.

Aug 23, 2006, 12:11 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Hybrid cars will pay for themselves over time: study Source: Reuters _________ DETROIT (Reuters) - Some hybrid cars will pay for the premium added to their sticker prices because of high gas prices and tax credits from the U.S. government on the more fuel efficient vehicles, a study released on Tuesday shows. Hybrid cars and trucks, which get improved mileage in city driving by running on a combination of gas and electric power, cost between $1,200 and $7,000 more than traditional versions of the same vehicles, according to auto Web site www.Edmunds.com. But a fuel economy study by Edmunds.com showed that the scales were starting to tip in favor of hybrids. "High gas prices and generous tax credits now offset the high sales prices of some hybrids, assuming owners keep their hybrids for a few years," said Alex Rosten, an analyst with Edmunds.com.

Aug 23, 2006, 05:33 AM	#2
EfrainMan HardwareHeaven Lover Join Date: Sep 2004 Location: Los Angeles Posts: 198 Rep Power: 49 System Specs	Selfishness is what's wrong with this country. The reason you should buy a hybrid isn't because it saves you money at the pump. It's because it uses less gasoline therefore 1) it reduces our dependencies on foreign oil, 2) it means less greenhouse gases and 3) it helps allay the depletion of a limited natural resource. Those are the important things. __________________ My modest video card history: S3 Virge, 3DLabs Permedia 2, 3dfx Voodoo3 2000, 3dfx Voodoo5 5500, GeForce 3 Ti500, GeForce 4 Ti4600, Radeon 9700 Pro, Radeon X800XT, Radeon X1900XT+Crossfire, GeForce 8800GTX, Radeon HD4870x2, Radeon HD5870, 2x Radeon HD6970