
How quickly you realize your gas savings is the ubiquitous debate over buying a hybrid versus gas-powered vehicle – among the average consumer, that is. With the price tag of hybrids higher than gas vehicles, it can take quite awhile. However, when you factor in the high prices we’re paying at the pump, hybrids are quickly becoming the better deal.
The Wall Street Journal posted an article analyzing hybrids against their gas-powered counterparts, and declared hybrids the winner for financial efficiency. For example, the Prius beat out the Camry after only 3 years of ownership, though the Camry has a few selling points the Prius doesn’t have in that it is a larger and somewhat more luxurious car. But still.
Quick-payback hybrids are in the 4-5 year range for seeing the fuel savings pay off the premium spent on the hybrid version versus the gas powered version. They include the Nissan Altima (taking about four years), GM Yukon, and the Mercury Mariner (each taking about five years), according to Edmunds.com.
Conversely, the Toyota Highlander, Chevy Malibu, Saturn Aura and Lexus LS60H have big price tags with relatively low mileage improvements. In fact, Edmunds calculated the Highlander takes about 18 years to see a payback, and – I about choked on this one – the Lexus LS600H would take about a century to break even! And because the gas-powered versions of the
Edmunds uses the sticker prices of the vehicles, a $4.02 average gas price per gallon (which is ridiculously cheap gas for my neck of the woods), and federal tax credits to make the comparison calculations. Not factored in are insurance costs, repair costs, and replacement part costs. Those are some significant features that need to be weighed in when doing your own comparisons, along with how and where you’ll drive your car.
With how rapidly gas prices are rising, improved technology, and wider selection thanks to the growing competition among hybrid makers to make affordable vehicles, hybrids are sure to have nearly instant payback rates in the next few years. But until that point, and probably long after, I’ll stick with my zero emissions bike that costs me $0.00 0/10 per mile.
Via WSJ; Header photo via CanadaCow
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written by Rob, June 16, 2008
written by nicster, June 16, 2008
written by nicster, June 16, 2008
written by Papa Hotel, June 16, 2008
I don't know where you got that 3-year number, (maybe The Heartland Institute?
), but what I've read from numerous sources, is that the batteries are generally comfortably outlasting their warranties.
written by Doug, June 16, 2008
I'm not sure where they got the $5000 Hybrid premium for a Saturn Aura - that would imply that a basic aura starts at $18Gs. I've never seen one that cheap.
I also don't see how the Yukon and Tahoe hybrids have a 2X difference in hybrid premiums when they're pretty much the same vehicle.
These numbers don't add up.
written by Teetor, June 16, 2008
written by EV, June 17, 2008
written by Mortgage, June 17, 2008
written by Chris, June 17, 2008
For that reason alone I think the whole conversation about how many years till it pays off is fairly silly.....
written by bRaD, June 17, 2008
written by Mike, June 17, 2008
Also around Chicago my car gets 39 in the summer, 33 in the winter.
written by Rob, June 17, 2008
http://www.google.org/recharge/
written by Peter, June 17, 2008
It goes up and down in weekly cycles so when the price does rise we don't notice it as much.
There was a huge out cry when our fuel prices rose to the amount it is over in the US. The government said a lot of things. An fuel prices dropped for a few months but then crept up again and haven't gone down again since.
The affect it has on the car industry here is obvious though. Small car prices seem to stay the same even though they depreciate in value, large car sales have plummeted much like they are now in the US. Car manufacturing plants here are looking at closing up costing jobs. Australia primarily produces large cars with 6 or 8 cylinder engines and they aren't selling anymore.
I sold my car and got a scooter. I went from spending $50 a week on petrol to $3.
Best saving I've ever made to my pocket and the environment.
I'm kinda glad out government doesn't give us extra cash to spend on fuel...?!?!
written by Michael, June 17, 2008
Put in other words, discounted at the rate of my car's loan, the choice to run a hybrid, in the case of the Prius, I effectively gained $3,845.75 in free money for choosing a hybrid. (6.74% APR, paid monthly = 6.95% effective annual rate, 6.95=I/Y, PMT=-1073, FV=0, N=10, CPT PV gives $7553.75, less the premium of $370
written by Curious Reader, June 17, 2008
I have not ridden in a Prius and hence my question. If the answer is the latter is there a way to make the graph show you a greater duration than only the last 30 minutes?
written by Michael, June 17, 2008
written by Daniel Staudigel, June 17, 2008
That said, I love my bike, and I'd rather ride anyday, and if you count the health benefits and life benefits of riding, you're way better off biking. Pedal!
written by MattieShoes, June 17, 2008
Obviously how much you drive affects things. If you're financing, you'll be paying interest on the premium for several years, and for those with bad credit, that could be 20% a year. The future price of gasoline will obviously affect things, but I'm guessing it's not going to get any cheaper any time soon. This information is making the assumption that you'll drive the same amount in either car, which may not be true. I'm guessing that once people feel they have a "cheaper" car, they may use it more, feeling good they're saving money when they're actually spending it (kind of like using coupons to "save money" on things you wouldn't normally buy). Toyota also requires you to run the car at least half an hour every two weeks or run the risk of voiding the warranty. This may impact your decision. Also, this assumes you are GOING to buy a new car -- the economics are very different if you currently have a perfectly suitable car. And all new cars depriciate a lot in the first few years, so a four or five year old used car is almost certainly a better deal financially. Also, I keep hearing from hybrid touters that the batteries last for years and years, but from what I know of NiMH batteries, they typically operate at reduced capacity over time and many charge cycles. I don't know how much this would affect mileage and whatnot over time, perhaps very little. I'm guessing it depends somewhat on your driving habits. I'm sure the car makers have worked hard to have the cars treat the batteries well, but it's something I'd research further before investing in a hybrid. Temperature extremes will affect battery life as well, so I'd be especially careful to research further if I lived in Phoenix or North Daktota, etc.
I'm not saying the article is misleading or anything like that, and I'm not suggesting hybrid cars are bad. I'm just saying that everybody's situation is different and one should really do a lot of research before investing so much money. :-) For instance, I bought a used 1997 honda civic in 2002 that gets fairly good gas mileage, and I've only put 35,000 miles on it, so it'd be insane for me to buy a hybrid right now. :-)
And a minor tangent -- I'm curious how well a more traditional gasoline car with some sort of energy reclaiming brake system would do. That's where a lot of the savings in hybrid cars is from. I'm sure the car makers have looked at it, but I love seeing the numbers myself.
written by Buck, June 17, 2008
written by Sick of Trolls, June 17, 2008
The batteries used in hybrids dont fully discharge- this extends there life, unlike in regular NiMH batteries that you might recharge yourself (ie in a flashlight). Unfortunately this means bigger, heavier batteries than what you should need- but again, if they only lasted a year or two- no one would buy them.
As for regenerative braking- it produces electricity- which on a regular gas engine would be useless, its only with a 2nd motor- an electric one- that the reclaimed energy is used. Thats what makes it a 'hybrid'.
There are companies looking into having the brakes pump fluid and then using that built up pressure to then propel the car from a stop, supposedly these systems would be much simpler,cheaper and regain a larger % of energy back-but.... hydraulics can be finicky, not as reliable as electric motors, and as of yet no system has been brought to market (atleast that im aware of).
written by adam, June 17, 2008
i'm somewhat surprised to not see less cars (trucks, suvs, etc) on the road. i bike, walk, and take transit most places. partly because i don't own a car.
now, are hybrids the answer? tough to say but they're certainly a decent choice, especially for city driving.
written by The Food Monster, June 17, 2008
Has a Green Gas Station in Los Angeles. I saw a Prius filling up there. Wish I could afford a hybrid even if it only broke even in 10 years.
written by oOFooi, June 17, 2008
written by Europe Gas, June 17, 2008
written by WORLDSEEKER, June 17, 2008
written by JOhn Blueman, June 17, 2008
JT
www.an0n.mirrorz.com
written by .Greg .Salter, June 17, 2008
written by maple, June 17, 2008
written by Antonio, June 17, 2008
A Kawasaki ninja 250 is around $3500 gets 70mpg, and is quicker and more fun than any of those cars.
written by Paco, June 17, 2008
written by tate, June 17, 2008
written by CNCMike, June 17, 2008
written by Steve2, June 17, 2008
Bicycle riding is not an option for everyone. Some people have physical infirmities. Other people can't show up to work sweaty. Some people need to haul things. Some people need to go places that are too far to drive and they can't move closer.
Yes, by all means use a bike when you can, but STFU already about ramming it as a universal option down people's throats
written by nicster, June 17, 2008
written by Ken Roberts, June 17, 2008
I thought Steve2 made a decent point. Bikes are heavily promoted here, and are not practical for most of us.
written by audguy, June 17, 2008
written by boohoo, June 17, 2008
Other people can't show up to work sweaty. Some people need to haul things. Some people need to go places that are too far to drive and they can't move closer
Not coming to work sweaty is a HUGE issue. I would guess a large portion of office workers could never use a bike based on this one fact. Some people will never understand this point because they think being green is just as important as earning a living.
On a side note, a few of my coworkers also have early civic hybrids and battery replacement at 100,000 is a guaranteed cost. Some were able to negotiate a free replacement and others talked down the price. As more people buy hybrids there will be no way to waive or lower the $3000 replacement cost. So, just go ahead and tack on another $3000 to the MSRP.
written by Save the Earth, June 17, 2008
written by kBob, June 17, 2008
written by Stewart, June 17, 2008
written by Stewart, June 17, 2008
http://www.aptera.com
written by boohoo, June 18, 2008
I bought a Prius in May of 2007 and it came with a 15 year warranty on the battery. The 3 year figure is incorrect.
I said CIVIC HYBRID. It is possible that Toyota has a bette policy on battery replacement/service than some of the other brands, but please note the article make reference to 9 brands and 14 hybrid models. The policy for battery replacement/service WILL NOT be the same for all of them. Also, as I said earlier just becuase repairs are not so bad today does not guarantee down the road that they will remain the same. I'll certainly be able to estimate future repair cost on a standard Civic or Camry than any with a hybrid can.
written by Nate, June 19, 2008
Nate
Trade Show Handbook
written by paulzee, June 21, 2008
written by joshua, June 21, 2008
written by tom, June 25, 2008
or more after the cost of the product, tested
and used worldwide over last 10 years.
use it in my dodge caravan and went from 23mpg
to 27mpg,money back gaurantee ------
www.forearthonline.com/talkwithtom
written by When To Go Green, June 26, 2008
www.whentogogreen.net
written by Ray Kabigting, July 01, 2008
written by Alex Ziady, July 05, 2008
THE OTHER HYBRID
I drove a 2007 Mercury Marquis that ran for about $2.00 a gallon. I'm converting my car into a Gasoline/Natural gas hybrid.
It's clean, cheap to convert, and drives for about $2.00 a gallon.
30 year old technology that needs no development, it works NOW 130,000 vehicle use it now in the USA
Natural Gas vehicles. Ultra low emissions vehicle, is ready to move from fleet use to public use. watch this video
written by us history, September 23, 2008
:-
you need to figure out how much money the government makes on a gallon of gas
written by John Simpson, November 23, 2008
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