Cost savings may not offset higher price for hybrids: Gas-electric hybrids are expensive, but you get all that money back in gas savings, right? Well, probably not.
The study, the latest on break-even points of hybrid cars, shows that in most cases, an owner would have to drive a hybrid tens of thousands of extra miles a year or gasoline would have to hit stratospheric levels to reach a break-even point with a comparable gas-powered model.
[…] When compared with the smaller, gas-thrifty conventional Corolla, the Prius wouldn’t equal the five-year costs unless it were driven 66,500 miles a year or gas reached $10.10 a gallon.
Depressing. But the prices will come down, I’m sure.