My question to the author: Would you drive an Aveo?
Save With Toyota's Prius? Buy Two Aveos
Dismal Science?
The economics of owning a Prius are worth reviewing.
The vehicle, a modest four-door hatchback, gets an average of about 55 miles a gallon in city and highway driving. It will consume about $696 worth of fuel a year at today's average price of $2.55 a gallon. A Toyota Camry, averaging 28 miles per gallon, consumes about $1,366 worth of fuel a year.
The $670 difference gasoline savings on the Prius over the Camry translates into almost a five-year payback on Prius's $3,000 price premium.
Not too bad for those who are convinced that saving gasoline is a critical national priority.
But if you're crunching numbers, a much better deal might be the conventionally powered Chevrolet Aveo.
The Aveo averages about 30 miles a gallon and thus consumes about $1,275 a year worth of gasoline -- $579 more than the Prius and $91 less than the Camry. But at a purchase price of about $12,000 it represents a price savings of about $12,000 over the Camry and more over the Prius.
The numbers are irrefutable, even if the future is less so: Hybrids are growing more popular and are destined to become a bigger segment of the vehicle market. Economies of scale eventually will help drive the cost of advanced technology down.
And governments probably will keep soaking taxpayers for subsidies in the form of tax-credits. After all, we Americans do love our gadgets, and doubly so those that we hope can save the earth.
Read more.
Save With Toyota's Prius? Buy Two Aveos
Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by jkash, Mar 19, 2007.
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Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by jkash, Mar 19, 2007.
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