Ok, so my friend (who wishes to remain nameless) and I have been emailing each other about hybrid cars. I like the concept of a hybrid and he is about ready to buy one. My problem with them is that they just don’t seem cost effective yet. This is a break down of costs that I did to come to this conclusion. I am not saying that it is 100% so I am sure I will revise this:
Honda Civic Sedan Hybrid starting at $22,150
Honda Civic DX “Regular” starting at $14,760
Civic Hybrid gets a maximum of 51 MPG
Civic “Regular” gets a maximum of 40 MPG
11 MPG difference
The national gasoline per gallon average is $3.03 (Midwest average is actually higher at $3.05) per gallon
The average person drives about 15,000 miles per year
So with that you get an extra 81 miles per year [(15,000/40) - (15,000/51)]
81 x $3.03 = $245.43 in gasoline savings per year with a hybrid. (We will round up to $250 to give it a little extra oomph)
$22,150 – $14,760 = $7390 is the extra cost to buy a Honda Civic Hybrid
$7390/$250 = 29.56. That’s right is will take you 29 years to get your money back from the gasoline savings alone
Now, let’s add in the tax credit you get. Right now you can get $2,100 off of you taxes form buying a Honda Civic Hybrid. So, let’s calculate that savings:
$7390 – $2,100 = $5290
$5290/$250 = 21.16 Years
I don’t know about you but 21 years hardly seems like a savings.
Now, I could be wrong on my figures. I am going to double check them and update this post if I made a mistake, which is most likely the case.
Go here to see the savings you can get with a hybrid:
CNet’s Hybrid Buying Guide
By the way, I was correct in my above calculations. I think it is time the auto manufacturers put their R&D money towards making E85 run better. See my upcoming post on E85.
To be fair I was comparing the lowest model of Civic compared to the Hybrid version. I am sure the hybrid has more bells and whistles and the regular version does not. My point is why can’t you get a hybrid without all of the bells and whistles? I am sure once you start adding options to the basic model you will drive that savings up and potentially getting closer to a break even point. It should also noted that the hybrid does have 25% less emmissions which is something to be happy about.
Where I think the savings becomes better is with the bigger vehicles like the SUVs and larger sedans. Simply because those have a lower MPG and the hybrid helps get that MPG up.




