Purchasing a hybrid vehicle, such as a car, truck, or SUV, has many benefits. They will lessen your carbon footprint compared to gas-only vehicles, frequently get more miles per tank, and occasionally even perform better. But would buying a hybrid end up saving you money over time?
It would be obvious that purchasing a hybrid is less expensive on the budget if we were only discussing fuel expenditures. But it’s not quite that easy. As long as the manufacturer has sold fewer than 200,000 PHEVs and EVs, plug-in hybrids may also be eligible for tax credits up to $7,500. Hybrids and their conventional counterparts may have differing maintenance costs and depreciation curves.
To determine whether hybrids will truly save you money over the course of five years compared to their gas-only equivalents, we collaborated with the people at IntelliChoice. We analyzed the Toyota RAV4, Jeep Wrangler, Ford F-150, BMW 5 Series, and Ford Explorer among other hybrid and non-hybrid vehicles.
In This Article...
Toyota, are hybrids worthwhile?
You should rethink your decision to purchase a hybrid vehicle if you believe it will enable you to save money. The majority of people probably won’t find hybrid cars to be worthwhile. The truth is that purchasing a hybrid car will typically wind up costing you more money than a gas-powered vehicle.
What are the drawbacks of a hybrid vehicle?
Hybrids are less heavily built, more financially advantageous, and have a greater resale value. They also charge themselves through regenerative braking. Although they have drawbacks, their benefits sometimes outweigh them.
Eco-friendly: Because hybrids have both an electric motor and a gasoline engine, they utilize less fossil fuel and emit less greenhouse gases as a result. Additionally, they get better gas mileage than regular cars do.
Financial advantages: Tax credits and incentives for hybrid vehicle owners and buyers have been implemented by numerous governments throughout the world. Additionally, they are not subject to environmental fees.
Higher resale value: People are becoming more inclined to switch to hybrids as they become weary of gas price swings and care about the environment. As a result, these automobiles’ resale value keeps rising.
Lighter cars: Because hybrids are made of lightweight materials, they use less energy to operate. Their lighter weight and smaller engines also aid in energy conservation.
Regenerative braking: Hybrid vehicles use a mechanism known as regenerative braking that allows the battery to somewhat recharge whenever the driver applies the brakes. The method extends the amount of time between manual recharges for the driver.
Less power: Hybrid vehicles combine an electric motor with a gasoline engine, with the gasoline engine acting as the primary source of power. As a result, neither the gasoline engine nor the electric motor operate as effectively as they do in standard gasoline or electric cars. But regular drivers who often navigate the city do just fine with hybrid vehicles.
Hybrids are generally more expensive to purchase than regular vehicles at first.
Higher operating costs: Due to their engine and the constant advancement of technology, it may be difficult to locate a technician with the necessary skills. Additionally, they might charge you a little bit more for upkeep and repairs. Moreover, replacing the battery has the highest running cost.
Poor handling: Compared to normal vehicles, hybrids have additional machinery, which adds weight and lowers fuel economy. In order to save weight, hybrid car makers had to create smaller engines and batteries. However, the vehicle’s power and body and suspension support are reduced as a result.
Risk of electrocution: Because hybrid batteries have a high voltage, there is a higher chance that accident victims and first responders will be electrocuted.
A hybrid vehicle combines an electric motor with a gas or diesel engine. When the car is moving at a slower pace, the electric motor drives the wheels. As the speed of the car increases, the gas engine takes over. The batteries are also charged by the motor, and each time the driver applies the brakes, regenerative braking charges the batteries.
Can a hybrid vehicle really save money?
Our analysis reveals that even if gas prices decline from their current levels, the majority of hybrid vehicles will save you more money in the first two to three years of ownership, despite the fact that they typically cost more to purchase initially than their gas-only equivalents.
Is a hybrid car worth the extra cost?
If you drive a lot, the fuel savings from a hybrid automobile might offset its higher price. even if a gallon of petrol continues at $2.50. If you travel 10,000 miles annually, which is the low end of the average, switching from an SUV to a hybrid hatchback can save you around $625 year, or $7,187 over the course of the car’s 11.5 years.
The math works even better if you contrast an EV to a regular automobile. The least costly item costs $22,995. Charges during off-peak times range from $3 to “swell up. That EV can achieve more than 100 miles per gallon in comparison. In order to save on gas, Brendan Flynn, vice president of communications and strategic alliances for CarLabs, leases a Fiat 500e electric car for $190 per month. The impact on his electric bill, he claims, is little. “Flynn claims that even if it has increased by $25, I haven’t noticed because the change is so small.
What is the main issue with hybrid vehicles?
Battery Problems The battery systems are a hybrid car’s main flaw. Almost all hybrid vehicles employ powertrain-integrated batteries. That means that the automobile occasionally runs on battery power, which is wonderful news when you’re driving. Better gas mileage is the end outcome.
How durable are Toyota hybrid vehicles?
The majority of hybrid car manufacturers claim that a battery pack will typically last 80,000 to 100,000 kilometers. Toyota went one step further prior to 2020 by providing a warranty that covered its hybrid batteries for eight years or 100,000 miles, whichever came first.
Do hybrids experience more issues?
A hybrid car typically experiences more maintenance concerns with the hybrid battery than a gas-powered vehicle. The life of the hybrid battery is not always consistent and can end earlier than anticipated. Hybrid batteries typically have very high replacement costs, including both maintenance and replacement. On our blog, we have already talked about a number of hybrid battery-related concerns, as seen here (P3030 or P3009) and here (P0A80).
Do hybrids degrade more quickly?
Hybrid autos must first be explained in order for us to discuss maintenance expenses. A hybrid car runs on two engines. Traditional internal combustion engines make up one engine, while an electric motor and battery power the other.
The same level of maintenance is required for every engine, including your conventional combustion engine. However, your hybrid doesn’t always use the combustion engine, unlike regular automobiles. The combustion engine is turned off when the car uses its electric motor.
Your hybrid reduces the normal engine wear and tear since your combustion engine isn’t always running. You can save money by using this approach to lower the amount of maintenance required.
Are hybrid vehicles suitable for long-distance travel?
Certainly, your hybrid is capable of handling long travels with ease. There are several things to remember, though. A hybrid performs better when driven at speeds under 50 mph. So driving in cities is a more effective form of transportation. The EPA fuel economy will be less than if you opt to go in the city if you decide to take the highway. Simply keep this in mind while you make travel arrangements. Nevertheless, even if your hybrid is fully charged and the tank is full, it might still be worthwhile to drive it. Why not use your hybrid as long as you can fit all of your supplies and your passengers are comfortable?
How long does it take a hybrid to make its money back?
Is the extra cost justifiable when compared to gas-only vehicles’ prices? Compare a few well-known gas-only 2022 models with their hybrid equivalents to ascertain this:
- Sonata Hyundai SEL
- Highlander Toyota LE AWD
- AWD Lexus NX 350
- Sport/Touring Sport Honda Accord
These cars all feature different gas and hybrid versions, which gives them all something in common.
Hyundai Sonata SEL
The time it would take to offset the difference in gasoline expenses makes this car stand out. Given the $3,850 price difference between the gas-only and hybrid models’ sticker prices and the $740 annual difference in gas savings, it would take 5.2 years for the gas savings to catch up.
The Hyundai Sonata SEL achieves 31 MPG on average, and its hybrid model achieves 47 MPG. In comparison to other hybrid vehicles, the hybrid Hyundai Sonata SEL performs comparatively poorly in terms of covering its cost.
Lexus NX 350 AWD
On the other end of the scale is the Lexus NX. Due to the hybrid model’s $500 price difference from the gas-only model, this vehicle quickly recovers its cost. You can expect to save an average of $1,129 a year at the gas pump thanks to the hybrid’s average MPG of 39 and the gas-only version’s average MPG of 25.
Making up the price difference between these two cars virtually ever makes sense because you’ll save more money by purchasing the hybrid model soon after you drive the conventional car off the lot.
Honda Accord Sport/Touring Sport
Examine something that is a little more in the middle. The Honda Accord Sport gas-only model has a $2,090 price advantage over the hybrid model right away. There is a 26 to 43 MPG difference in mileage, resulting in a $1,024 annual gas cost savings.
According to the calculations, it will take around two years to break even on the cost differential between the vehicle and gas.
Toyota Highlander AWD LE
The Toyota Highlander’s gas-only model does not have a significant sticker price advantage with a $1,450 MSRP differential. Although the MPG for the gas-only kind is 23 MPG and the hybrid gets 35 MPG, they are noticeably different. With the hybrid, you may save roughly $1,004 a year on petrol.
This indicates that it will take roughly 1.4 years for the gas price to equal the MSRP. This vehicle pays for itself relatively rapidly in comparison to others. Additionally, Toyota Highlander insurance costs are lower than normal, thus increasing your savings.
What is the lifespan of a hybrid battery?
You will save tens of thousands of dollars annually on fuel thanks to a hybrid battery. Others rush to fill up at the petrol stations. You use the garage outlet to charge your car and go to the gas stations half as often as your neighbor.
However, you will eventually need to pay money to either fix or replace the pricey hybrid battery that has been so helpful to you for thousands of miles.
The majority of hybrid vehicle producers claim that a battery will last 80,000 to 100,000 kilometers. However, hybrid owners have reported that some batteries live up to 150,000 miles and even up to 200,000 miles with the proper maintenance and fundamental vehicle repairs.
An owner typically keeps a hybrid vehicle for 5 to 15 years when the battery mileage is high.
How durable are hybrid vehicles?
Even though you may save thousands on fuel costs thanks to hybrid car batteries, nothing lasts forever. You will eventually have to pay for a repair or a new battery.
Leading hybrid automakers like Honda and Toyota often claim that the lifespan of a hybrid battery is between 80,000 and 100,000 miles. However, some hybrid car owners claim their batteries have lasted up to 200,000 miles with appropriate maintenance and repair!
However, just as with any car, how you drive with it greatly affects the battery lifespan. Frequent town driving with frequent starts and stops results in more cycles in a shorter amount of time, which has the effect of hastening battery deterioration. There is wear and tear, much like with tires. Your battery will last longer if you use it less frequently while commuting.
Like a regular automobile battery, the health of a hybrid battery is impacted by age and mileage. In some circumstances, you can need a new battery in as soon as 5 years. However, if you avoid long drives and high mileage, your battery may last up to 11 years.