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Are hybrids worth the cost?

Hybrids 香蕉视频直播 which have both an electric motor and a gasoline engine 香蕉视频直播 cost $1,200 to $15,000 more than conventional vehicles
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Tim Kuniskis, head of passenger car brands for Fiat Chrysler, poses with the 2017 Chrysler Pacifica Hybrid, at the North American International Auto Show at Cobo Center in Detroit, Michigan, USA, 11 January 2016. Auto manufacturers from around the globe come to show off their latest models and concepts. EPA/TANNEN MAURY

Hybrid cars are taking up a growing share of new auto purchases as options increase and prices come down. But to figure out if a hybrid makes financial sense, consumers need to do some math.

Hybrids 香蕉视频直播 vehicles with both an electric motor and a gasoline engine 香蕉视频直播 cost anywhere from $1,200 to $15,000 more than their internal combustion cousins.

For example, the price difference between the hybrid and the regular 2019 Toyota Rav4 sport utility vehicle is about $1,400. But the 2019 Mitsubishi Outlander plug-in hybrid SUV starts at about $44,000, while the gas-powered version starts at $30,000.

香蕉视频直播淭he number of compromises that you have to make can be very significant. And yet you pay more,香蕉视频直播 said Dennis DesRosiers, an industry analyst and president of DesRosiers Automotive Consultants.

He cited everything from a bigger price tag to smaller trunk space.

Virtually every major update to a given gas-powered model produces an engine with 20 to 40 per cent more fuel economy, he said.

香蕉视频直播淭he new Ford F-Series pickup truck was 35 per cent more fuel-efficient than the old one, so that香蕉视频直播檚 more cash in your wallet.香蕉视频直播

Hybrids also often have higher insurance premiums because they香蕉视频直播檙e worth more than the gas-only versions.

The price of gas is a major factor. If you live in Vancouver, savings with a hybrid may be greater due to an average price of $1.35 per litre, according to GasBuddy.com. Gas costs an average of $1.13 in Ontario and $1.19 in Quebec.

Other key variables include location and driving habits. Hybrids generally save the most money for city drivers, where commuting distances tend to be shorter and stop-and-go traffic would suck up more gas.

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British Columbia and Quebec also offer rebates on plug-in hybrids, making the green option more appealing.

Hybrids come in two basic types: Self-charging 香蕉视频直播渕ild香蕉视频直播 hybrids and plug-in electric vehicles (PHEVs). The self-charging variety draws on an electric motor for some acceleration and recovers energy while braking. Big-battery PHEVs run for 30 to 60 kilometres on electricity and recharge at an electrical outlet.

Matthew Klippenstein, an engineer who assists Electric Mobility Canada with its market analysis, said the longer you own your vehicle, the more you香蕉视频直播檒l drive and the more you香蕉视频直播檒l save.

That香蕉视频直播檚 especially true, he said, for thirsty pickup trucks like the Ford F-150, on track to be Canada香蕉视频直播檚 top-selling vehicle this year and, starting in 2020, one of the roughly 40 models that come in electric form.

香蕉视频直播淵es, the plug-in hybrids or all-electric vehicles do cost more, but typically what the automakers have done is stagger their pricing, so that the high-end, all-gasoline version will be not too much less than the entry-level electric version,香蕉视频直播 Klippenstein said.

香蕉视频直播淎lmost no one really buys the bare-bones combustion version. And realizing that there香蕉视频直播檚 a higher price point, automakers tend to stuff in more features for hybrids.香蕉视频直播

One way to calculate if a hybrid will save money is to divide the purchase price by the estimated difference in annual fuel cost. The final figure is the number of years needed to recoup the higher up-front cost.

The formula includes the kilometres per year, proportion of city driving, gas price and cost of electricity. For example, the Rav4 hybrid SUV could take less than four years to make up its extra cost in gas savings, assuming the buyer drives about 20,000 kilometres per year, with slightly more city driving than highway in Ontario.

To compare vehicles, drivers can head online to Natural Resouces Canada香蕉视频直播檚 fuel consumption ratings search tool.

Consumers may also want to consider benefits outside of price.

A lower carbon footprint, whether your residence has a garage to plug in a PHEV, and access to HOV lanes and priority parking for zero-emissions vehicles might all be considerations.

香蕉视频直播淚f you香蕉视频直播檙e in a two-car family, then 香蕉视频直播 I香蕉视频直播檇 suggest that the main commuting vehicle could become an electric vehicle 香蕉视频直播 because you香蕉视频直播檙e likely not going to use it more than 100 kilometres on a day,香蕉视频直播 Klippenstein said.

Plus, he said, electric vehicles are a better ride.

香蕉视频直播淭hey香蕉视频直播檙e quieter, they香蕉视频直播檙e much torque-ier, they香蕉视频直播檙e a lot more fun, basically.香蕉视频直播

Christopher Reynolds, The Canadian Press

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