Hybrid vehicles have enjoyed high customer satisfaction to this point and hybrid owners will just be smiling all the more now that this study proves the financial sense of their investment. A comparison of the Ford Escape and Honda Civic conventional models versus their hybrid counterparts concluded that even without the benefit of the tax credit, the hybrids have lower Total Ownership Costs over five years.
The Toyota Prius was highlighted as a great example of low total cost of hybrid ownership; no doubt helped by the fact that overall, fifth-year retained value projections show hybrids holding their value 5-10 percent better than gas vehicles, depending on the make and model. Intellichoice calculated that Prius owners save $13,408 over five years compared to a similar-size non-hybrid sedan.
Hopefully such studies will convince more consumers to demand hybrid versions of their favourite vehicles from the car manufacturers and accelerate the drive towards a more fuel efficient future.
- Does it look greener to you? The 2008 Ford Escape hybrid
- Suzuki plans to introduce hybrids to Japan and North America ASAP
- Hybrid sales chained to fuel prices?