U.S. Government Launches Hybrid Payback Site
May 21, 2012 5:08 PM
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The website offers fuel costs and MSRP of 18 2012-2013 vehicles
The U.S. government just introduced a new section to its FuelEconomy.gov website that allows consumers to compare the payback of
and their traditional gasoline counterpart.
The website offers fuel costs and MSRP of
vehicles. Consumers simply choose a hybrid model and move the sliders appropriately to see the payback period and fuel savings for that particular vehicle. The calculations are based on fuel prices, city-highway driving percentage and annual miles.
"Based on MSRP and fuel costs alone, hybrid vehicles can save you money versus a comparably equipped conventional vehicle," said fueleconomy.gov.
Some of the vehicles available on fueleconomy.gov are the 2012 Ford Fusion Hybrid, 2012 Toyota Prius C One, and 2013 Chevrolet Malibu Eco.
An example of the information that the website offers is a comparison of the 2012 Hyundai Sonata Hybrid and the gasoline-powered 2012 Hyundai Sonata SE. According to fueleconomy.gov, the hybrid Sonata costs $2,655 more than the conventional version and takes about 5.1 years to pay back.
The government is certainly looking to push consumers toward more fuel efficient vehicles, especially with the White House's recent
proposed 54.5 MPG CAFE requirement
for 2017-2025 model year vehicles. This standard would save customers $6,600 at the gas pump for the lifetime of a 2025 vehicle.
This article is over a month old, voting and posting comments is disabled
5/21/2012 6:51:20 PM
I believe the battery should last about 12-15 years so its hard to determine that since battery prices are fluctuating so wildly. You can get a Prius pack now from the junk yard for around $400-600, while its around $2500 new from Toyota. Toyota will accept your old pack and pay you $200 for recycling it.
"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation
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