Consumer Reports: "Mea Culpa" on hybrids

Consumer Reports is admitting to a miscalculation that indicated a higher cost of ownership for hybrid vehicles than may actually be the case. The publication's new analysis shows a reversal of something that many hybrid critics have been pointing out from the start -- hybrids, at least the Toyota Prius and Honda Civic Hybrid, can be more cost-effective than their gasoline-only counterparts.  After 5 years/75,000 miles, assuming federal tax credits still apply, the Prius provides a savings of $400 and the Civic a savings of $300. The other hybrids CR looked at still had higher ownership costs than their all-gas siblings, ranging from $1,900 to $5,500. CR's initial report showed that none of the hybrids ended up being cheaper than their gas counterparts.

(Thanks to Michael for the tip)


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