Report: Gas savings don't entirely negate the costs of auto manufacturers' advanced technology.
Washington, DC, Jun. 1 (UPI) -- Automobile analysts say the retail price of gas-electric hybrid vehicles will not be offset by savings from lower fuel costs or U.S. tax credits.
A study by Edmunds.com found that in most cases a hybrid vehicle owner would have to drive 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, USA Today reported Wednesday.
"If people go in with the idea they are saving money, they are mistaken," said Jesse Toprak, pricing director for Edmunds.com, an auto research site.
Spc. Jeffrey Hamme and Staff Sgt. Michelangelo Merksamer of HHC, 1/506th Infantry, point out features of the Hybrid Electric Humvee at the AUSA Annual Meeting earlier this month. The two Soldiers participated in a Military Utility Assessment of the prototype vehicle last month at Fort Campbell, Ky.
Ford's 'Hybrid Patrol,' a 10-city initiative this fall that aims to show hybrid drivers how to drive for best fuel economy. EV World photo of Bill and Lisa Hammond on way to first Ford Patrol event in Detroit during stop-over in Omaha.