How much money can you save by switching to a hybrid?
A regular car averaging at 25 mpg will accumulate an expense of $1,600 in fuel costs per year while the annual fuel costs of a hybrid alternative at 42 mpg would be $975. In this scenario, you stand to save $625 with a hybrid vehicle.
What are the best hybrid cars to save money on fuel?
Fuel savings don’t always offset the extra cost Hybrid Gas Years to Recoup Toyota Prius One - $21,035 Toyota Yaris - $18,499 7.4 Hyundai Sonata Hybrid - $26,835 Hyundai Sonata SE - $22,785 11.9 Chevrolet Malibu Hybrid - $28,750 Chevrolet Malibu - $26,000 6.6 Kia Optima Hybrid - $31,885 Kia Optima EX - $29,935 4.5
What is the hybrid fuel consumption calculator?
This calculator can help estimate personalized fuel use and costs for a plug-in hybrid based your driving habits, fuel prices, and charging schedule.
How do you calculate fuel savings between two cars?
See what the savings could add up to between two cars using the inputs below. Let's calculate your annual fuel savings. Enter the estimated gas price per gallon of fuel, the number of miles you expect to drive each year, and the EPA-estimated fuel economy ratings (MPG) of the vehicles you're considering.
How much money do you save with a hybrid on gas?
Save Money, Save the Earth In today's hybrid cars, a battery provides an electric assist to the gas-powered engine, achieving 20–35 percent better gas mileage than conventional cars. The 2017 Toyota Prius, for example, gets 50 mpg overall in real-world driving, and has been the leader in best mpg for hybrids for years.
Do hybrids actually save you money?
Short answer — definitely. Although most hybrids cost on average 20% more than regular cars, experts say that extra cost is recouped several times over if you drive the vehicle for a long period of time. That's because hybrids really do save you money at the pump.
Do you save on gas with a hybrid?
Hybrid cars are typically more fuel-efficient than their gas counterparts since they can switch between their gas and electric motors while being driven. The key reasons to consider buying a hybrid car are to save on gas and help reduce emissions while still getting the range capabilities of a gas car.
Are hybrid cars cheaper on gas?
Assuming all other costs are equal, it's simply cheaper to run electric and hybrid vehicles compared to their gas-only counterparts.
What is the downside of hybrid cars?
Poor handling: Hybrids have more machinery than conventional cars, which adds extra weight and reduces fuel efficiency. So, hybrid car manufacturers have had to make smaller engines and batteries to cut down on weight. But this results in reduced power for the vehicle and support in the body and suspension.
How long does it take for a hybrid to pay for itself?
You'll save about $1,004 a year on gas with the hybrid. This means it'll take about 1.4 years before the gas price makes up for the MSRP. Compared to others, this vehicle pays itself back relatively quickly.
How long does a hybrid battery last?
80,000 to 100,000 milesMost hybrid car manufacturers say a hybrid battery lasts 80,000 to 100,000 miles. However, with the right maintenance and basic auto repair, hybrid owners have reported some batteries lasting up to 150,000 miles and even up to 200,000 miles.
Are hybrid cars good for long distance driving?
Your hybrid can certainly handle long distance trips efficiently. However, there are some things to keep in mind. A hybrid operates more efficiently when kept under 50 miles per hour. So, city driving is a more efficient way to travel.
How much does it cost to fill up a hybrid car?
According to the blog Futurewheels.com, electric cars and plug-in hybrids (those that have been converted by owners) currently average about two cents per mile to recharge (electric rates vary greatly by region), while gasoline-only cars average about 10 cents per mile to refuel.
Is it cheaper to own a hybrid or an electric car?
When it comes to maintenance costs, a hybrid car will most likely cost more to own than an electric car. The reason is simple: a hybrid car has all the moving parts of a gas-powered car.
Is it better to buy a hybrid or gas car?
The main advantages of a hybrid electric motor include comparatively less gas usage and reduced CO2 emission than traditional gas or diesel-engine car or SUV. The most recent types of plug-in hybrid electric-hybrid cars are the most effective green automobiles, featuring a much-improved eco-friendly engine.
What is cheaper electric or hybrid?
One of the most obvious benefits of owning a hybrid is that they're cheaper than an EV. Also, hybrids aren't limited in how far they can travel by needing to find charging stations along the route. You can expect most hybrids to go several hundred miles before needing to refuel.
Do hybrid cars last as long as regular cars?
Hybrids do last a long time They tend to have longer warranties than other cars. For example, the Toyota Prius comes with an eight-year or 100,000-mile warranty (sometimes more in certain states). The fact that hybrids boast a long warranty means they're meant to last longer than your average car—and they do.
Do hybrids cost more to maintain?
Does it cost more to maintain a hybrid car than a conventional gasoline-fueled car? The answer is no -- unless it breaks down, of course. Normally, routine maintenance and minor repairs are no higher on a hybrid than on a regular car. In fact, they may actually be lower.
How much does it cost to replace a hybrid battery?
$2,000 to $8,000Hybrid Battery Replacement Cost How much does a hybrid battery cost? Generally, a hybrid battery replacement cost can range from $2,000 to $8,000. The price can ultimately vary depending on the %%di_make%% model or even the service center.
How long does a hybrid battery last?
80,000 to 100,000 milesMost hybrid car manufacturers say a hybrid battery lasts 80,000 to 100,000 miles. However, with the right maintenance and basic auto repair, hybrid owners have reported some batteries lasting up to 150,000 miles and even up to 200,000 miles.
How much does it cost to replace a hybrid battery?
Battery replacement hovers around a couple thousand for hybrid cars, while most traditional cars you can replace the battery for less than $200. Another cost to think about with any car is insurance. Depending on the state you live in, driving a hybrid car can lower or raise your typical insurance rates. A hybrid may raise your insurance rates ...
How long does it take to drive a hybrid car?
No matter which hybrid car you buy, if your driving habits are about average (15,000 miles per year), it’ll take years of driving until you actually start saving.
What about electric cars?
First, let me start by saying, if you’re looking to buy a car on a budget, there are very few electric cars that are for you.
How long does a Kia Optima hybrid last?
The Kia Optima Hybrid only has a payback period of 4.5 years —so if you drive a lot and have a couple extra thousand initially, opting for the hybrid with 42 mpg might serve you better than a traditional Kia with just 28 mpg.
Why does hybrid insurance increase?
A hybrid may raise your insurance rates because they’re more expensive cars, have costlier repairs when they do need to be fixed, and drivers of hybrid cars are on the road more frequently.
How long is a hybrid warranty?
One of the great things about hybrids is their warranties. They tend to have longer warranties than other cars. For example, the Toyota Prius comes with an eight-year or 100,000-mile warranty (sometimes more in certain states).
What would happen if gas prices doubled?
On the face of it, if gas prices double, the time to break even should be cut in half. But consider also that if we do see an increase in gas prices, demand for hybrids will increase. That likely mean an increase in upfront costs (sales price).
I spent more buying this car than I would have on a gas-only vehicle
Buying a plug-in hybrid can cost more than buying a standard engine car or regular hybrid. The sticker price on my Volt was $39,660 back when it was new in 2015, though I paid around $19,000 since I bought it used .
I've saved quite a bit on fuel since switching to electric
While commuting 33 miles round trip, I spent about $30 a week on gas. The plug-in hybrid helped me save this, for a total savings of $720 in six months.
I save on maintenance
Electric vehicles require less maintenance. In a fully electric car, there's no need for things like oil changes — there's no oil to change. In my plug-in hybrid, I do deal with those charges every once in a while since there is a gas engine. But it's a $50 expense I don't have nearly as often anymore, as most of my miles are driven on electric.
Registration can cost more
When registering an electric vehicle or plug-in hybrid, I have to pay a little bit more in registration costs. It's meant to offset the gas tax that a state loses when a driver isn't buying gas. Here in Washington, it's $150, whether you drive 2,000 miles per year or 20,000 miles. However, not all states charge this.
While I can't say it's paid for itself, I can say I've saved enough to have no regrets
If I had to make a car payment every month and pay for gas on top of it, I don't think I'd be happy with my choice. I think I found a sweet spot with my plug-in hybrid — for me, it's the ideal way to save money while still owning a car.
Let's calculate your annual fuel savings
Enter the estimated gas price per gallon of fuel, the number of miles you expect to drive each year, and the EPA-estimated fuel economy ratings (MPG) of the vehicles you're considering.
Fuel for Thought
Looking to save time at the pump? Here’s our list of some of our best high MPG cars.