Higher Initial Cost
The first obstacle anyone interested in buying a gasoline-electric hybrid vehicle will run up against is the higher cost of the hybrid powertrain versus its gasoline-only equivalent. Hybrid versions generally run several thousand dollars more than conventional versions of the same car.
Much of the extra cost comes from the expense of the gas-saving technology found in hybrids. The price difference is less than it used to be, however, especially in the most popular models. Here are a few examples:
- 2018 Chevy Malibu: $21,680 vs. 2018 Chevy Malibu Hybrid: $27,920
- 2019 Ford Fusion: $22,840 vs. 2019 Ford Fusion Hybrid: $27,555
- 2018 Honda Accord: $23,570 vs. 2018 Honda Accord Hybrid: $25,100
So you're going to pay more for a hybrid version of a conventional car. But that's OK, because you'll recoup the extra cost through all the gasoline you save, right? Maybe not...