Hybrid vs. Electric Vehicles: A Cost Comparison

Electronic car having it's battery recharged

Hybrid cars and all-electric vehicles have batteries that operate more efficiently than conventional fuel-powered cars. They are also kinder to the environment because they run on sustainable energy sources, such as solar and wind power. Additionally, they leave a smaller carbon footprint because they do not burn fossil fuel.

For some, it is a big step to take. If you are planning to buy a hybrid or electric car in the future, but would rather enjoy the power of a well-maintained used pickup truck for sale in the meantime, there are some things you might want to think about.

Consider the cost differences between these two eco-friendly vehicles. Let us take a closer look.

Maintenance Costs

Electric vehicles (EVs) do not need any petrol or diesel fuel associated with combustion engine vehicles. However, they still have maintenance expenditures and other expenses like insurance and tire changes.

Since hybrids can depend on an electric motor to get rid of the strain on the combustion engine, they do not cost too much in terms of maintenance. In time, and with use, the batteries may degrade.

However, battery degradation is expected to occur much later than the warranty period. When degradation does happen, the batteries will have to be replaced. Degradation is a slow process, and it will take some time before the batteries are no longer able to charge.

Fuel Costs

The distinction between EVs and hybrid cars lies in their energy source. Both vehicles have a battery that can be recharged with the aid of electricity. Electricity can come from various sources, like renewable sources such as wind, hydropower and solar. With such options, eco-friendly users can choose to invest in these renewable options like solar panels as a way to minimise their carbon footprint.

The hybrids have fuel flexibility and can also operate on gasoline. Depending on the driving habits of the owner, some hybrids can be switched between a gasoline-powered or electric as they travel. When it comes to fuel, all EVs make less of a dent in your pocket. Instead of paying for a full tank of gas when you travel, you simply charge your electric battery, which adds to the home electricity bill.

Overall, the prices of electricity is much lower compared to gasoline on a per mile rate. The price of electricity is more stable and has fewer fluctuations.

Rebates and Other Incentives

Electric cars use a different way of getting energy to make it's motors work.

One reason to go electric or hybrid is that the state and federal government offer incentives for their use. Check the online guide to EV car tax credits to know more about state and federal electric vehicle incentives.

Different incentives are associated with EV and hybrid vehicles. These are meant to help ease the burden of going electric by making EVs more affordable for car owners. The incentives and rebates are often changing and vary from one state to another. It is vital that you confirm the options available to you before you purchase or use your first electric vehicle or hybrid car.

Share on facebook
Share on twitter
Share on tumblr
Share on pinterest

Related Articles