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What saves more money hybrid or plug-in hybrid vehicles?

by Robert Beas - Posted 1 year ago

When it comes to saving money on fuel costs, both hybrid and plug-in hybrid electric vehicles (PHEVs) can offer significant savings over traditional gasoline-powered vehicles. However, the amount of savings can vary depending on a number of factors, including driving habits and the cost of electricity and gasoline in your area.
In general, PHEVs are designed to operate primarily in electric-only mode for short distances, and then switch to gasoline power once the battery charge is depleted. This can offer significant savings on fuel costs, as electricity is generally cheaper than gasoline. According to the U.S. Department of Energy, the average cost of electricity in the United States is about 13 cents per kilowatt-hour, while the average cost of gasoline is around $3 per gallon. This means that PHEVs can offer significant savings for drivers who frequently travel short distances and have access to charging infrastructure.
On the other hand, hybrid vehicles rely primarily on gasoline power, with the electric motor providing supplemental power to improve fuel efficiency. While hybrids can still offer significant fuel savings over traditional gasoline-powered vehicles, the savings may be less dramatic than those offered by PHEVs. According to the U.S. Department of Energy, the average fuel economy of hybrid vehicles is about 52 miles per gallon, compared to around 24 miles per gallon for traditional gasoline-powered vehicles.
However, it is important to note that the upfront cost of hybrid and PHEV vehicles is generally higher than that of traditional gasoline-powered vehicles. While this cost can be offset by savings on fuel costs over time, it may take several years to recoup the upfront cost difference.
In conclusion, both hybrid and plug-in hybrid electric vehicles can offer significant savings on fuel costs over traditional gasoline-powered vehicles. However, the amount of savings can vary depending on a number of factors, including driving habits and the cost of electricity and gasoline in your area. While PHEVs may offer more dramatic fuel savings for drivers who frequently travel short distances, hybrids may still offer significant savings for drivers who travel longer distances and prioritize fuel efficiency.


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