Hybrids’ Higher Prices Are Offset, Study Says
From Reuters
Some hybrid cars will pay for the premium added to their sticker prices because of high gasoline prices and tax credits on the more fuel-efficient vehicles, a study by consumer-focused website Edmunds.com showed.
Assuming vehicles were driven 15,000 miles per year and gas was at $3 a gallon, owners of Toyota Motor Corp.’s Prius and Ford Motor Co.’s Escape Hybrid would break even in three years, Edmunds.com found.
Buyers of the Saturn Vue Green Line from General Motors Corp., the Toyota Camry and the Civic Hybrid from Honda Motor Co. would break even in six years, the website said.
