With both an internal combustion gasoline engine and an electric motor for propulsion, hybrids were seemingly the manna from heaven a few years ago. But that was when fuel prices were soaring and did not show any signs of a slowdown. The scenario is different today, with much lower gas prices and plenty of fuel-efficient options to choose from.
The best part about hybrids is that the reduced range does not limit you as it does in EVs. This means you can worry less about charging points along your way. Besides, the improved fuel economy offered by these cars pales when compared to their gasoline-only powered counterparts. Another great thing about hybrids is that experts agree their more extended warranties mean that they outlast your average vehicle. However, with many versatile options that promise the best of two worlds, there are also drawbacks.
An electric motor and battery pack’s weight can impact performance levels and hike the base price. Besides, fuel economy depends on many factors, including how and where you drive. Yet, perhaps the biggest consideration for most Americans is the price of gas. With prices fluctuating every year, you might break even faster than you expect or be stuck recovering if gas prices drop.
Driving around in a hybrid car these days is more about being environmentally conscious than saving money or having a thrilling ride. If you’re not getting one for its almost negligible maintenance, fuel economy, or the attached value of using a cleaner power source, this might be an expensive trend to buy into as none of them offer the most exhilarating acceleration or performance. While a few people might love the quiet hum of a hybrid over the roar of a traditional, gas-fueled vehicle, there’s no escaping the fact that hybrids are not the flashiest or stylish.
The depreciation value for a hybrid is about the same as most other cars though initial costs are much higher. So, if you plan to keep your vehicle for the long term, a hybrid makes sense. But, being able to pay that massive initial investment will probably be your most important deciding factor either way.