Hybrid Realities

These days, we're all familiar with the term "hybrid automobiles" and the fact that they supposedly save gallons of gas so you can save some money at the gas pump. While the fact that hybrids save gas remains true, their benefits, after a bit of number crunching, do not look as attractive as it once did. Typically, a hybrid will cost about $2000-$4000 over a similarly equipped gasoline model. That premium would take about 10 years to pay back taking into account only the increased gas mileage. So, while it may look like you are saving money, you could be deceived. This time period could be cut significantly if one takes into account the various tax brakes and refunds the government offers (up to $2000 depending on the vehicle). Cars like the Toyota Prius and Ford Escape Hybrid may save you gas, but in the end, only the most avid tree huggers will appreciate the benefits. And for many that is OK seeing as the line to get a new Prius just seems to get longer and longer every year. Many like the green image owning a car like that gives you. But if you are one for real results, you must look elsewhere. Fortunately, there are many other options currently on the market or on the horizon to help support our transportation needs...

Thanks,
Ben