Inside autos: Hybrid break-even costs studied
Gas prices would have to top $7 per gallon in order for some hybrids to pay for themselves, an automotive Web site says.
An analysis of 43 hybrid models from model years 2003 to 2010 by CarGurus.com showed on average, they cost 17%, or $6,400, more than conventional models.
"There are some good reasons to buy a hybrid, but saving money is not one of them," said Langley Steinert, CEO of CarGurus. "Consumers should know that the premiums they will pay to purchase most hybrids far exceed any costs saved at the pump, even as gas prices climb."
Some extra costs for a hybrid were more out of whack than others. For example, the break-even point for the Cadillac Escalade Hybrid was found to be on average $15 per gallon. For the Nissan Altima Hybrid, it was $9.50 per gallon, CarGurus.com says.
There were some winners, too. Toyota Camry Hybrid showed a break-even point of $4 a gallon. It sells for an average of $3,300 more than its gas-powered counterpart. Likewise, the Ford Escape Hybrid showed a break-even point of $2.50 per gallon. It is $3,500 more than the conventional model.
More at LINK