Hybrid Cars Easier on Conscience Than Pocketbook

Report: Gas savings don't entirely negate the costs of auto manufacturers' advanced technology.

Published: 02-Jun-2005

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.

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