U.S. Government Launches Hybrid Payback Site
May 21, 2012 5:08 PM
comment(s) - last by
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.
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RE: What about insurance?
Dr of crap
Dr of crap
5/22/2012 8:26:43 AM
NO, NO NO.
You won't keep the car that long.
After 5-6 years you fork over another chuck of money for another over priced hybrid.
You have to keep in current styling and with the NEW technology! PLEASE!
RE: What about insurance?
5/23/2012 11:14:52 AM
I guess I will never get a hybrid then, I like to keep my vehicles at least 10 years. Current one I have been driving for 16 years, drive it long enough and maybe like cloths it will come back into styling fashion.
"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad
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