High gas prices make Hybrids worth it

High gas prices now make it worth owning a hybrid. Previously many auto car analyst did make sense when they said “Do not buy a hybrid if you plan on saving money at the pump”. However, times have changed and the auto research gurus are having a change of heart.
Last week, Edmunds analysts reversed their stand on hybrids, saying that some of them now make good financial sense. Consumer Reports said it also is looking into updating its analysis, factoring in today’s higher gasoline prices and more recent sales incentives.
Three major factors have changed in calculating the cost-advantages of hybrids: Gasoline prices are higher, premiums over sticker price have come down, and the federal tax incentive changed this year from a tax deduction to a tax credit.

Source: http://www.dfw.com/mld/dfw/news/15415810.htm

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About g2

Born and brought up in India. Went to St. Xavier's in Calcutta, Richmond University in London & McGill in Canada. Trained in clinical and experimental psychology. I have worked with autistic children and I was the Psychologist at the Adult ADHD Clinic at the Montreal Children's Hospital. Currently we are based in Michigan. I love traveling around the world and cooking.

One thought on “High gas prices make Hybrids worth it

  1. john w

    Rather than spending alot on an expensive hybrid, maybe people could remind the auto manufacturers that they once made simple, fuel efficient cars like the Honda CRX which got better city milage than any of todays hybrids, and 60 MPG on the highway. And that was back in the 80’s.

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