Recovering the Purchase Price of Hybrid Vehicles in Fuel Savings
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Adjust the controls to determine how long it will take to recover the extra purchase price (in fuel savings) of an environmentally friendly hybrid vehicle over a more traditional gasoline vehicle.
Contributed by: Todd D. Allen (March 2011)
Open content licensed under CC BY-NC-SA
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While hybrid vehicles may make sense for environmentally conscious consumers, is it simultaneously true that consumers are making a sound economic investment when purchasing one? This Demonstration allows you to answer the question of how long a consumer must own a hybrid vehicle to recover the extra purchase price in expected fuel savings.
Snapshot 1: comparison of a 2010 Toyota Prius versus a 2010 Toyota Corolla
Snapshot 2: comparison of a 2010 Honda Civic (hybrid) versus a 2010 Honda Civic
Snapshot 3: comparison of a 2010 Chevy Tahoe (hybrid) versus a 2010 Chevy Tahoe