Political Calculations(TM) has looked at the cost of owning a hybrid versus a standard vehicle previously, but JLP of All Things Financial has asked a good question with respect to the new hybrid versions of larger automobiles now coming into the market (at least with regard to their fuel consumption): "Are Hybrid Vehicles Worth It?"
JLP's launch point for his post is an article written by Sarah Breckenridge of Smart Money magazine, who compared her experience in driving both the standard and hybrid versions of the Ford Escape, the Honda Accord, the Toyota Highlander and the Lexus RX. JLP took the article a step further and ran some numbers comparing the annual fuel and cost savings one might have using the hybrid version of the standard vehicles presented in the article.
But why should JLP have all the fun? Political Calculations has put the following tool together for everyone to be able to do JLP's hybrid versus standard vehicle math!
About the Tool
The default data in the input table above is that for the standard and hybrid models of the Lexus RX, which you may change to compare the vehicles of your choice.
The tool above also only considers the fuel cost of the vehicles. It does not take into account other factors that may influence the lifetime costs of owning or operating a vehicle, including its pricing, insurance costs, maintenance expenses, etc.
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations.com
Thanks in advance!
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