Quick Answer: Are Hybrids Cheaper To Run?

Cost of depreciation

The depreciation value for a hybrid is about the same as most other cars.

But, hybrids are more expensive and have the appeal of being fuel efficient, so a used hybrid still sells for a lot.

If you’re set on buying used, it’s best to buy a cheaper car that’s still in good condition.

Does hybrid really save money?

The average premium for a hybrid is $4,647 more than gas-only counterparts, according to a late 2013 analysis done by Vincentric. The same study reported that five years of ownership at 15,000 miles in a hybrid car will result in an average fuel cost savings of $3,371.

Is a hybrid car cheaper to run?

Are hybrids cheaper to run? One of the main benefits of a hybrid car is the greater fuel economy, with hybrids using up to 30% less fuel per mile than conventional fuel-powered vehicles meaning you’ll be able to save money on your fuel costs.

Is it worth getting a hybrid?

The pros of owning a hybrid car include:

Increased fuel efficiency. Greener than their gasoline-only counterparts. They are great in the city because they don’t emit as much greenhouse gas and generally they run on cleaner electric power. They can accelerate quickly from a stop thanks to their electric motors.

How much does a hybrid battery cost?

Retail price for a new hybrid battery is $2589; with labor, it should be less than $3500 total. You may have to pay to dispose of the old battery too. It’s a big hit to the wallet for a single repair, but still cheaper than a new car.