posted on Jun, 2 2005 @ 11:52 AM
On May 31st, USA Today published an article about hybred cars and the money you save getting them. The results were pretty shocking, I thought! The
hybrid they went into the most detail with was the Toyota Prius. The Toyota Prius is about $5,000 more expensive than its conventional counterpart,
the Toyota Corolla. So what will it take make back that $5,000?
The article assumed an average of 15,000 miles a year put onto the car. This is low for many people, but about what the average lease allows per year
of driving without extra charges.
The only way the Prius would make up the $5,000 extra invested in it with tax credits and gas saved would be if gas cost $10.10 a gallon or you
drove 66,500 miles a year.
So if you're thinking of getting a hybrid car, don't do it for the gas savings, they're not there. Your overhead is higher than what you would save
driving your car over 5 years.