Driving a hybrid vehicle has a positive impact on the environment—and it can also benefit you financially. Lots of prospective owners ask, “How much would I save with a hybrid?” We’ve compiled some of our more recent research and findings to help you understand the potential savings.
• You might assume you can’t afford a hybrid but will be surprised by the reality of the costs.
Most hybrids are “reasonably priced starting at $27,100.” (Source: mashable.com)
• An electric battery leads to greater efficiency—and better gas mileage. On average, hybrids achieve a 20-35 percent better gas mileage than conventional cars. (Source: greenamerica.org)
Incentives and Tax Credits
• Many states and local governments offer incentives for buying a hybrid vehicle, in addition to a federal tax credit up to $7,500 per vehicle. (Source: Carfax.com)
• Certain insurance companies will offer discounts to hybrid car owners. For example, Travelers Insurance offers a discount of up to 10% on auto insurance if you own or lease a hybrid or electric car, saying, “You’ve made a conscious decision to have a positive effect on the environment, and now it’s your turn to be rewarded.” (Source: Travelers.com)
• Think any repair costs will be through the roof? Think again: According to Consumer Reports, “Hybrid owners shouldn’t expect any higher or more frequent maintenance or repair costs than owners of conventional cars.(Source: greenamerica.org)
As you can see, it pays to opt hybrid—and it is no more expensive than choosing a conventional vehicle. If you are weighing the decision to buy a hybrid vehicle, feel free to contact the team at Cleveland Hybrid for information about expected maintenance and services.