The Humble Libertarian

Mind your business.

Friday, April 6, 2012

How Long Will it Take to Break Even With Your New Hybrid/Electric Vehicle? (Even With Government Subsidies)

Without the $250,000 per vehicle subsidy, the Chevy Volt still has a break even point of 26 years.
Below is a chart showing how long it will take to break even, fuel wise, on the most popular “green” cars. I am actually pretty encouraged by some of the vehicles on the list. The Prius takes less than 2 years, and at under $24,000 it seems to make more sense with each passing year. I read a few months ago that Toyota is working on an electric-hybrid Prius which will get over 100 miles per gallon. The target price is under $30K. This vehicle might make even more sense than the current Prius. The Volt in contrast is a black hole of a car. For most drivers to break even it will take over 26 years. And this is without factoring the $250,000 in subsidies that go into each new Volt.
Read the rest here