Hybrid Car Buyers Still Paying a High Premium
Car buyers are sometimes disappointed when they compare the long-term savings (or lack thereof) from owning a hybrid compared with a traditional car.
Below is the (estimated) cost of owning a standard Camry, compared with Camry Hybrid, over 6 years.
The hybrid is still $5k more expensive after 6 years. So let's say two guys bought Camrys on the same day. They've both saved up $25k for a car. One buys a hybrid ($25k), the other a standard model ($18k).
The standard owner has $7k left over, which he can invest or spend as he sees fit. The hybrid buyer pays an "opportunity cost", as they cannot invest or spend that money.
The hybrid will emit about 1/3rd less CO2 over the period. That's good, environmentally (although hybrid batteries are costly to produce, hard to dispose of, and likely expensive to replace).
From a financial perspective, buying a hybrid is still a hard case to make. Plug-ins may offer a better alternative within a few years.
Note: I used the calculator from this site, and plugged in an average expected gas price of $3.50. If gas prices hit $5, even $7 or more over the next few years, the hybrid owner may win or at least break-even, money-wise.+2
More like this...6 Myths Every Investor Should Know About Electric Cars
Much of the criticisms on electric cars are based on inaccurate or false information. Here are six myths from the electric car department, and what the facts actually point to.
Google Wants To Turn Your Phone Into A Wallet
Google's latest project aims to create what can only be described as a Paypal-Groupon-Visa hybrid app that runs on your smart phone.
5 Reasons Google (GOOG) is Dirt Cheap
5 quick reasons why Google shares are cheap (starting with its $35 billion in cash...)
Volkswagen's 261 MPG XL1
VW's XL1 will see commercial production, according to reports. It's a diesel hybrid which can run on full-electric mode.