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Hybrid Economics

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by enerjazz, Aug 10, 2004.

  1. enerjazz

    enerjazz Energy+Jazz=EnerJazz

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    Scott Burns, the excellent Business columnist for the Dallas Morning News, owns a classic and a 2004 Prius. He has written several favorable columns about the car. This one deals with the economics of good gas mileage. Dallas Morning News online requires a free subscription.

    investment vehicle could burn less money
    Better gas mileage adds up to fewer dollars lost at the pump
    08:00 AM CDT on Tuesday, August 10, 2004
    By SCOTT BURNS / The Dallas Morning News

    Allow me to introduce a new investment vehicle: your car.

    No, I'm not talking about investing in cars that rise in value. We all know that virtually never happens. Cars are a wasting asset. They lose value faster than money. Drive a new car off the lot and it's lost value before you get it into the garage.

    So your car isn't a true investment vehicle.

    But its fuel efficiency can be. Exchange your fuel-inefficient vehicle for one that gets better gas mileage and you'll consume less gasoline. Every gallon not consumed is money not spent.

    . . . more at http://www.dallasnews.com/sharedcontent/dw...urns.166eb.html
     
    #1 enerjazz, Aug 10, 2004
  2. richard schumacher

    richard schumacher shortbus driver

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    His point is that the money saved on gas by buying a more economical car (he's careful not to specify a Prius) can be equivalent to a rather large amount of invested capital, given today's small rates of return. He provides a simple spreadsheet model of the savings.

    Oh ho! Here's the same article on an open (no registration required) website: http://www.uexpress.com/scottburns/
     
    #2 richard schumacher, Aug 11, 2004
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