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Re-thinking Hybrid Cars

June 10, 2008 By Jim

 green-car.jpg

I’ve come across an interesting article from Yahoo.com’s Yahoo Green section.  With the current escalating trend of the price of oil and gasoline (including their bi-products),  the cost of owning a hybrid car is slowly making sense.  People before think that gas cars are cheaper than hybrid (gas/electric) cars, and that hybrid will not pay for itself in the long-run.  This idea is being challenged as oil reaches record-high prices this 2008.

True that you still cannot quickly recover your capital costs for hybrid cars, but its resell value is pretty rock solid.  Hybrids are just holding on to their values quite firmer than gas cars.  Some countries offer cut-backs, awards & special privileges to hybrid car owners.  Ah, this list will slowly grow with oil prices rumored to still rise.

Check out this page as Yahoo makes an in depth analysis of the hard data.

Filed Under: News Features

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