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PHOTO CAPTION: 2012 Chevy Volt is now $1,000 less than 2011 model

Can't Bring Back $2 Gas? Then Bring On the Hybrids

Kiplinger Money Power's Jessica Anderson explains that while the purchase price of Volts and Leaf's are high, 'both have super-low five-year ownership costs.'

Published: 24-Aug-2011

Setting aside their environmental cred, are hybrids, diesels and electric vehicles actually wallet-friendly? Prices on hybrids run about $3,300 higher on average than stickers on their gas-engine siblings.

The diesel difference is about $2,800 more. And the two electric vehicles on the market -- the Chevrolet Volt and Nissan Leaf -- are each more than $18,000 pricier than their closest gas-engine match.

But the long-term ownership costs are the real measure of whether buying green is worth it.

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