Since there are so many hybrid vehicles on the road these days, you might be wondering if spending the extra cash up front will save you money on gas in the long run.
Hybrids can cost anywhere from $1,000 to $3,000 more than their non-hybrid counterparts. Because gas is not extremely high at this point, it can take 4-8 years to start seeing the savings.
Saving on gas, though, is only part of the equation. Here are some other reasons to consider buying a hybrid vehicle:
- Hybrids cost less to run than standard gas-powered vehicles.
- Hybrids have lower carbon dioxide emissions. While emissions vary by vehicle, they can be up to 55% less in hybrids than conventional vehicles.
- The government offers tax breaks for purchasing certain hybrids and electric vehicles which can make the extra cost more bearable.
