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.
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5/22/2012 1:37:23 PM
Here is a comparison between a Prius and a Honda Fit. They are similar class but after owning a Prius and riding in my buddies Fit I will say that the Prius is roomier and has a nicer interior. None the less here is a rate of return calculation between the two. Oh an the mileage I am using is based off how much I drive so it certainly wont apply to everyone.
Prius - Avg: 50 mpg
Fit - Avg: 30 mpg
25,000 Miles per year
Fuel cost: $3.75/gal
Calculation = 25,000/avg mpg * cost/gal
Prius = 25000/50 * 3.75 = 1875
Fit = 25000/30 * 3.75 = 3125
Prius cost = 24000
Fit cost = 15325
Price dif = 8675
Years to recoup = 8675/(3125-1875) = ~7
RE: Sample return
5/22/2012 4:13:30 PM
A Honda Civic would be a better comparison to the Prius. The Fit is much smaller. The Civic actualy has less interior room.
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