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.


Electric carmaker Reva is now owned by Mahindra & Mahindra

The government is planning on exempting taxes and introducing incentive schemes for customers.

Halo IPT demonstrates wireless charging of a Citroen electric car.

IDTech sees half the money spent on EVs in the next ten years won't be on cars.

EV Cup iRacer debuted in January 2010.

Series of electrically powered car races are scheduled for the UK and further afield.


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