Tuesday, January 09, 2007

Hybrids Are Economical

ELECTRIC PIGGY BANK: Detail shot of the engine of the 2007 Toyota Camry hybrid, a popular new hybrid model.
(Beatrice de Gea / LAT)

Despite previous studies to the contrary, a new study reported in today's LATimes says hybrid cars save their owners significant amounts of money over five years. Here's my favorite part of the article:

There is no better example, the study says, than Toyota Motor Corp.'s Prius. The study concludes that a Prius owner over five years will save $13,408 over a similar-size sedan that is not a hybrid.

This makes sense to me, especially when you factor in resale value. I saw a 2005 Prius with 39,000 miles advertised in the local paper this weekend for $20,000, which is pretty much the price of a brand new 2006 Prius if you got the $3,150 tax credit.

No comments: