Study: 40 Percent of Hybrids Cost Less To Own

A new report shows that 40 percent of hybrids cost less to own than their gas-powered counterparts despite an average cost premium of $3,722.

The data analysis firm Vincentric studied 65 hybrid trims of 24 models and determined that hybrids are typically a better economic proposition despite an initially higher out-of-pocket cost.

The analysis considered factors such as the current market price of the vehicle along with depreciation, fees and taxes, financing, fuel cost, insurance, maintenance, opportunity cost, and repairs. Fuel costs were estimated on a five-month weighted average (not the latest price, for greater accuracy).

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