Friday, October 5, 2012

Does $5 gas = buy a hybrid or electric car? A cost/benefit analysis - latimes.com

Does $5 gas = buy a hybrid or electric car? A cost/benefit analysis - latimes.com 

Interesting. Getting closer to a must-do.
And this doesn't even factor in the environmental and pollution costs of gas-only guzzlers.

"Fuel costs for the Leaf come to 22 cents per mile, far lower than any other car on my list (the other models I picked, besides the Prius, were the BMW 328i luxury sedan, Ford Focus compact, Honda Civic compact, Honda CR-V crossover, Mini Cooper subcompact and Toyota Camry sedan). The popular Prius hybrid, no surprise, was the next cheapest to fuel, at 29 cents per mile. Closest behind were the Focus at 33 cents per mile and the Mini at 34 cents. Turning to annual operating cost, the Leaf is again a big winner at $2,629, followed by the Prius at $3,407, the Focus at $3,985 and the Mini at $4,031. The most expensive vehicle on my list to operate was the 328i at $4,998, but I doubt many Beemer owners care."

"As for the Leaf, it does, eventually, make up for its higher upfront cost: Its cumulative cost of ownership finally matches the Focus and the Prius at year 15. Another interesting discovery, for me, was that the CR-V, which gets a fairly unimpressive 22 miles per gallon in city driving and 30 mpg on the highway, has a lower cost of ownership than the Leaf until year eight."

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