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Consumer Reports Admits Some Hybrids Cars can Save Buyers Toyota Prius and Honda Civic Best Savings Stop and Go Drivers Save Most Money

March 9th 2006

Consumer Reports Admits Some Hybrids Cars can Save Buyers  Toyota Prius and Honda Civic Best Savings  Stop and Go Drivers Save Most Money

Toyota Prius

There has been a big controversy as of late about the economic benefits of hybrid cars after Consumer Reports stated in its April auto issue that no hybrid vehicle can save money compared to a gasoline peer.  The special issue has already been sent out to their subscribers.  Now the magazine says they were wrong. 

Now the magazine says that some hybrids will save you money over a five year period.  The Toyota Prius and Honda Civic Hybrid, will save their owners $406 and $317, respectively.  

Consumer Reports says that the other four hybrids it looked at are still more expensive than their gasoline counterparts, but the estimates were wrong on those as well.  The loss estimates are less than originally reported. 
 

The report included many factors in their calculations including the premiums, a new federal tax credit for hybrids, sales tax, fuel savings, insurance, maintenance, depreciation and financing.  They also claim that most hybrids are still not worth the extra cost.

So who should consider a hybrid?  Since the hybrids run on batteries, not gas when stopped; drivers in city traffic will benefit the most. The car will likely save if drivers are stuck in stop and go traffic to and from work daily as well. 

 

A new survey by KPMG of 140 automotive executives around the world showed that 88 percent believe hybrid cars will make the biggest gains in market share over the next 5 years. If they are right those car manufacturers that are geared towards the larger, high capacity vehicles will suffer.   

 
 
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By Dan Wilson
Best Syndication Staff Writer

Automotive Books

Keywords and misspellings: hibrid car electric pryus acord


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Copyright 2005 Best Syndication                                            Last Updated Saturday, July 10, 2010 09:51 PM