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An analysis by "Consumer's
Reports'" magazine reveals purchase and operational costs and facts. |
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An
article in "Consumer Reports"
evaluated significant projected
costs of hybrids compared to their
gasoline counterparts over 5 years and
75,000 miles. |
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Within
the
group of six models the magazine examined,
the total 5-year cost of hybrids ranged
from somewhat better than break-even to
costing over $5,500
extra.
The following points were identified. |
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A
federal tax credit could be eliminated for
some models as soon as summer, 2006. Only a
portion of all qualifying vehicles is
eligible. The tax credit applies to only two hybrids
-- the Toyota Prius and Honda Civic Hybrid
-- over five years of ownership. |
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Higher
purchase cost -- This most
important factor affects
other cost calculations.
Those include higher tax charges at purchase and higher interest
costs over the life of a loan. The
sticker price for a Honda Civic Hybrid
is about $4,000 more than the
gasoline-only version Civic. The Toyota
Highlander Hybrid costs $7,200 more than the
gasoline-only version Highlander. |
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Mileage
exaggerations -- For decades the mileage
figures claimed and posted on window
stickers and sanctioned by the
Environmental Protection Agency, have been known
to exaggerate what real drivers can
achieve. The most fuel-efficient hybrid is
the Toyota Prius. Its advertised 55 mpg
is not the actual 44 mpg achieved in the "Consumer
Reports'" real-world tests.
A Honda Accord Hybrid gets 2 mpg more
than the regular Accord which gets 23 mpg.
However the hybrid version costs
$5,700 more. |
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Depreciation
-- Hybrids often depreciate slightly faster than gasoline vehicles.
The Prius and Lexus RX400h would take a $2,500 larger depreciation
drop than their
gasoline versions after five years.
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Insurance & maintenance --
Insurance
rates are expected to be higher for hybrids than for gasoline-only
vehicles. As an example, a Lexus RX400h is estimated to cost
$467 more to insure and $70 more in maintenance over five years. |
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And what about those omni-present
laws of physics? How about that Law of Conservation of Energy?
Remember that each time energy is converted, the process results in
a loss of energy. In this application, using gasoline to create
electricity creates an amount of energy equal to the total energy in
the gasoline minus conversion losses. No matter how efficient the
electric motor is in moving the hybrid vehicles, potentially useful
energy has been lost during conversion into electricity. Don't
forget the energy expended carrying that 150 pound battery around in
the trunk. |
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Gasoline prices will need to go
much beyond today's and the smuggies will need to drive many, many
more miles to justify buying a hybrid to save money. |
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So, they cost more, generate a
whole lot of smugness, may eliminate some amount of pollution, and
surely must be little fun to drive. (NOTE: No one here has test
driven a hybrid. We enjoy every day of life too much.) |
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