Although hybrids cost more, and can be hard to find due to high demand, it still pays to choose a hybrid. Consider the following reasons to buy a hybrid next time you are in the market for a new car.
Smaller, More Efficient Engines
The hybrid's fuel efficiency is increased by its small size and the use of lightweight materials. Periodic engine shut-off is another fuel saving feature of the hybrid. When it is stopped in traffic, the hybrid's engine temporarily shuts off. The engine restarts automatically when the car is put back in gear.
Hybrids are powered by the combination of an efficient gasoline engine backed by an electric motor for acceleration. The electric motor is powered by batteries that are recharged automatically by recapturing the kinetic energy usually lost during braking, known as regenerative braking. When the car is slowing down, the electric motor runs backwards, acting as a generator to charge the battery.
With this collection of advanced fuel efficiency features, hybrids can outperform conventional cars in several arenas.
Environmental Friendliness
Another reason hybrids are more environmentally friendly than conventional gas engines is that they idle less and use fuel more efficiently. The hybrid not only gets better gas mileage, it produces less pollution than other, non-hybrid cars. Some hybrids are getting 10 to 20 miles per gallon more than a regular gas engine. They are also capable of reducing harmful emissions by 90%.
Many hybrids use aerodynamic design to reduce drag and improve fuel efficiency. Low rolling tires made of special resistant rubber reduce friction on the road. The high capacity, nickel-metal-hydride battery pack is reliable and available to power the hybrid when needed. Hybrids also use the latest in power-train technology, for integrated power management that contributes to fuel efficiency.
Popularity Enhances Styles And Choices
More makes and models are now being offered as the popularity of hybrid cars continues to escalate. Buyers can now purchase the Honda Civic and Accord, Ford Escape, and Toyota Camry in hybrids. GMC and Chevrolet are currently making 2 hybrid pick-up trucks. In the near future, Saturn, Lexus, Honda, and Chevrolet will make hybrid SUVs available to the public. Chevrolet has plans to offer its Malibu in hybrid form in 2007.
You can get a hybrid that looks like a conventional car, such as the Ford Escape. Or you can choose a hybrid that looks completely different from anything else on the road, such as the Toyota Prius. With so many hybrid cars on the market, there is a style to suit almost everyone.
Tax Incentives Available
People who buy hybrids can get significant tax breaks from the US Federal government through 2006. The amount of your tax break is determined by your tax bracket and when you file. Some states are also starting to offer hybrid car tax breaks as well. Tax breaks backed up over the long run by lower fuel costs make hybrid cars a good buy.
Fuel Efficiency Becomes A Reality
Although most people have been aware of hybrids only in recent years, the technology has actually been around for a long time. Ferdinand Porsche built the first successful hybrid car in 1899. But hybrids first began to catch on in the 1990s when Honda introduced the Insight and Toyota introduced the Prius.
It's been a long wait, but fuel-efficient transportation is finally becoming a reality with the hybrid. As more of these cars take to the road, our air will become cleaner, and our country will be less dependent on foreign sources of oil.
Buy A Hybrid Car
Ever thought that 60 miles per gallon would cut your monthly gas bill in half? Me too. The idea of the hybrid is almost too good to be true. And from a financial standpoint, it is too good to be true. The following information is a cost comparison between the Honda Civic Sedan and the Honda Civic Hybrid Sedan. Essentially the same car, except the hybrid uses half electric, and half gas power, thus improving gas mileage.
According to Honda, the Civic gets 40 mpg on the highway, while the Hybrid Civic gets an amazing 51 mpg. This is where the salesman gets you. "It will help protect the environment while saving you tons of money on your gas bill every month", a salesman might say. This is very convincing, as it appeals to both our emotional side in protecting the environment, as well as our wallet. But let's take a closer look at the two:
* Civic Sedan: Starting MSRP - $15,010
* Civic Sedan: Highway MPG - 40
* Civic Hybrid Sedan: Starting MSRP -$22,600
* Civic Hybrid Sedan: Highway MPG - 51
Now, I have compiled a spreadsheet that will aid you in your financial evaluation of the hybrid vs regular car purchase. As always, I have run an initial estimation only, you will need to download the spreadsheet at the bottom of the post, and update the numbers per your circumstances. Let's look at the findings:
Buy a Hybrid Car Financial Comparison
Make/Model Price MPG Hwy Miles Per Yr Price/Gal Gas $/Month
Honda Civic Sedan $15,010.00 40 15,000 $2.75 $85.94
Honda Civic Hybrid Sedan $22,600.00 51 15,000 $2.75 $67.40
Monthly Savings with Hybrid $18.54
Yearly Savings with Hybrid $222.43
Price Difference $7,590.00
Months to Recoup Price Difference 409
Years to Recoup Price Difference 34.1
The results are staggering! Look at how long it will take for the gas savings to pay you back for the difference in price of the car. 34 YEARS!!! Clearly not a wise investment. However, if you still are considering buying a hybrid car, the government does offer some tax advantages. The Energy Policy Act of 2005 allows a tax credit to be applied to an owner of a new hybrid car, as long as it meets the programs requirements (at least until 2009).
The tax credit is derived from statistics run on the particular make/model hybrid car you purchase, but usually will fall somewhere around $1,500-$3,000. This is a deduction however, not a check. Depending on your tax bracket, the actual dollars of tax savings will vary. The nice thing though, is the deduction can be applied on top of the standard deduction!
Having said that, if you are in the 20% tax bracket and got a credit of $2,000, your tax savings would be $400. Not bad, but you will still need to drive that Honda Civic Hybrid Sedan for about 30 years to get the payback. The bottom line is, if you want to buy a hybrid car for the cost savings, forget it. If you have a green thumb and want to help the environment, then it is still an option. Be warned though, the life cycle to obtain and use the additional batteries for the hybrid car puts extra pressure on the environment, not found in regular gasoline cars.
I hope that I did not shun everyone from buying a hybrid car, I still believe in the concept myself. However with the current technology, it just doesn't make sense financially. I look for the day of the fuel cell car, or other concept car, that takes away the need for gasoline...
Both Ron King & Jeffry Evans are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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