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Savings And Incentives Cover Hybrid Car Price Premium

Posted by: Christian Madera

23 August 2006 - 2:00pm

A new study indicates that hybrid car buyers can break even financially, though government tax breaks and not just fuel savings help make up for the more expensive price tag.

"Hybrid cars and trucks, which get improved mileage in city driving by running on a combination of gas and electric power, cost between $1,200 and $7,000 more than traditional versions of the same vehicles, according to auto Web site Edmunds.com.

But a fuel economy study by Edmunds.com showed that the scales were starting to tip in favor of hybrids.

'High gas prices and generous tax credits now offset the high sales prices of some hybrids, assuming owners keep their hybrids for a few years,' said Alex Rosten, an analyst with Edmunds.com.

The shift is significant because analysts have said that higher sticker prices were constraining hybrid sales."

Full Story: Study: Hybrid cars will pay for themselves over time
Source: CNN Money, August 21, 2006
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