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Mar 9, 2006

Toyota Hybrids Do Save Money

Just days after my first story, Consumer Reports sent out a retraction, revising its cost analysis on the ownership costs of purchasing a hybrid car. This "calculation error" involved a comparison between the six available hybrid models and conventionally-powered cars. Consumer Reports' original story, titled "The Dollars and Sense of Hybrids," showed that none of the six hybrids "recovered their price premium in the first five years....of ownership." However, Consumer Reports has revised its original estimates and concluded that the Toyota Prius and Honda Civic Hybrid "provide a savings of about $400 and $300, respectively." So, while the savings isn't huge, this report does show that certain hybrid cars do save on fuel consumption in the long run.

http://www.consumerreports.org/cro/cars/new-cars/high-cost-of-hybrid-vehicles-406/overview.htm