Study: Hybrid cars will pay for themselves over time
Some hybrid cars will pay for the premium added to their sticker prices because of high gas prices and tax credits from the U.S. government on the more fuel efficient vehicles, a study released on Tuesday shows.
Hybrid cars and trucks, which get improved mileage in city driving by running on a combination of gas and electric power, cost between $1,200 and $7,000 more than traditional versions of the same vehicles, according to auto Web site www.Edmunds.com.
But a fuel economy study by Edmunds.com showed that the scales were starting to tip in favor of hybrids. "High gas prices and generous tax credits now offset the high sales prices of some hybrids, assuming owners keep their hybrids for a few years," said Alex Rosten, an analyst with Edmunds.com.
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Hybrid cars and trucks, which get improved mileage in city driving by running on a combination of gas and electric power, cost between $1,200 and $7,000 more than traditional versions of the same vehicles, according to auto Web site www.Edmunds.com.
But a fuel economy study by Edmunds.com showed that the scales were starting to tip in favor of hybrids. "High gas prices and generous tax credits now offset the high sales prices of some hybrids, assuming owners keep their hybrids for a few years," said Alex Rosten, an analyst with Edmunds.com.
story continued
posted by anthony m, at Wednesday, August 23, 2006
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