At this point, buying a hybrid makes as much economic sense as buying a gas-guzzling SUV did last summer.48 mpg is nice, but hybrids don't add up right now: Financial News - Yahoo! Finance
"The cost-benefit analysis doesn't support the decision to buy one of these higher-priced hybrids today," said Stephen Spivey, senior auto analyst for the consulting firm Frost & Sullivan. "Obviously, if fuel prices go back up, it's going to be more attractive to look at a hybrid."
Automakers are counting on just that. Toyota Motor Corp. on Sunday unveiled its Lexus HS250h hybrid sedan at the North American International Auto Show in Detroit, and the Japanese carmaker plans to introduce a redesigned 2010 Prius on Monday. The Japanese automaker has said gas-electric hybrids are its long-term core powertrain strategy, and by early in the next decade it will launch as many as 10 new hybrid models.
Sunday, January 11, 2009
48 mpg is nice, but hybrids don't add up right now: Financial News - Yahoo! Finance
Auto industry hack? Or just another reason to raise gas taxes?
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