The Difference Between A Hybrid and a Normal Car
There is an incredibly vast amount of hybrid cars out on the market these days. These cars are developed with the U.S. market in mind, as they have compact cars as well as sedans and pick-up trucks. Hybrids save you an incredible amount of money on gas, the typical fuel economy figures range from a high of 51 city/48 highway miles per every gallon, and a low of 17 city/21 highway miles per gallon. Cars like the 2012 Toyota Prius and the 2012 Honda Civic try to maximize their fuel efficiency. The money you could save on fuel depends on which model you select, but by comparing the cost of the car and the fuel savings; you can see if the hybrid you fancy is truly better than the standard car equivalent.
The suggested retail price of the manufacturer (the MSRP) for a vehicle is the number you need to be looking at when you are comparing cars. If you are considering purchasing a hybrid pick-up truck, make sure you compare it with the standard, fuel powered version of the truck. Most companies develop regular cars into hybrids, so always compare it with the original. If it is possible, compare the base price of each truck or car. For example, say the base model of a GMC Sierra (fuel powered) is priced at $36,775; and the same model integrated with a hybrid engine has a base cost of $42,999. The hybrid is almost $7000 dollars more than the standard fuel powered truck.
Everybody who purchased a hybrid vehicle from December 31st, 2005 and March 31st, 2010 were eligible to redeem up to $3,400 in federal tax credits. This is a good initiative because this encourages buyers to invest in a hybrid, saving themselves money, and saving the earth in the process. The amount of credit that the consumer would receive was based solely upon how many hybrid cars the maker produced and sold. Once the makers hybrid car sales had exceeded 60,000, the government subsided the amount of credit that would be received by the consumer. The credit was subsided by 50%, and then another 25% after; eventually the sales had sky rocketed so much that the incentive was cancelled all together. Now in the present day, most automakers still offer rebates for most of their cars, and the rebates are still a sensible amount. For instance, Toyota offers hybrid rebates of up to $5000, if the base cost of a hybrid is $42,999, and the standard model costs $36,755, you are almost paying as much for a regular car as you are the hybrid.
Consumers purchase hybrids expecting to save thousands on gas since the vehicle has a complex system that powers it with electricity occasionally; even if you do not get the full rebate like stated above you still save money on gas. If you plan on keeping your hybrid for a long time, the savings can only stack up and eventually compensate you for the high base price you initially paid for the car. With the rising prices in gas these days, hybrids are becoming a more consistent choice on the roads. Recent cars like the 2012 Chevrolet Volt have drawn a lot more consumers back towards hybrids.
The Mathematics of Saving
Nobody can pinpoint how much you are going to save if you switch to a hybrid, there are so many variables to life now a days that it's nearly impossible to calculate the outcome of any of it. For example, you could purchase a hybrid and drive it into the ground, forcing yourself to buy another car; this could also be the case even if you had purchase a regular car. The fact that you save over a period of time is the benefit of hybrids. For example, say you have a 2011 Toyota Prius hybrid that is 51 city miles per gallon, and a regular Prius that is 50 miles per gallon. You drive each car for three years before it dies, in the end you wonder which one was best. The hybrid didn't have the power that the standard car did, but it saved you money on gas, and if you got the full rebate you have already knocked off a bit more money from the high sticker price. The standard car goes faster, but doesn't do as well with gas, causing you to constantly fill it up. Hybrids don't eliminate the need for fuel completely, but over several years they save you so much money that the high base price doesn't even matter. Cars like the Toyota Camry, the Honda Insight, and the Lexus CT200 allow you to be fuel efficient without sacrificing looks. This being said, hybrid cars are more suited for people who like to stick to their vehicles, and the people who invest in one usually come out on top in the end.