Monday, September 26, 2005

To buy a hybrid or not?

CNN reported Monday that hybrid automobiles may not be the best solution to our rising cost of gasoline blues.

Driving a hybrid may make a statement of social and environmental awareness, but may not make a lot of sense- financial sense, at least. In comparing three hybrids to their non-hybrid counterparts, experts believe that the hybrids will actually cost more in the long run. In order to reach the actual cost of a hybrid, the price of gasoline for a non-hybrid would have to raise dramatically and remain that high for a substantial period of time.

There are other suggestions for saving gas:
1- Drive more gently. By simply driving the way a person drives, he/she may improve their gasoline usage.
2- Consider buying diesel. Diesel cars are more expensive initially; but diesel cars get better gas milage, the engines are more durable, and diesel cars have better resale value than gasoline-powered automobiles.
3- Shop smarter. Check out the actual fuel economy numbers. Some non-hybrids cost less than their hybrid counterparts, get equal or better gas mileage and provide more interior room.

Will this new report create a decrease in sales of hybrid vehicles? Or will the hybrid remain strong contender in the fight against high gas prices?

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