5 Little-Known Perks of Owning a Hybrid Car
Image source: Getty Images
Electric vehicles (EVs) are soaring in popularity, but it's going to be a while before they're the dominant cars on the streets. Even with federal tax credits, their price tags are still averaging over $40,000, and used EVs remain rare.
That doesn't mean you're stuck with a gas guzzler, though. Hybrid vehicles are a great alternative for those who want to save on gas and help the environment without going all in on an EV. Here are five reasons to consider a hybrid this year.
1. They're cheaper than EVs
Hybrid vehicles are significantly cheaper than all-electric vehicles. Four of Kelley Blue Book's seven top hybrid vehicles for 2024 have list prices starting at less than $30,000. Pricing depends on the model you're interested in, where you buy, and what kinds of upgrades you want. But chances are, you can find a hybrid option that's not too much more expensive than a gas-powered vehicle.
Over the long term, you'll save a ton compared to owning a gas-powered vehicle. Some of these cars get up to 57 miles per gallon combined fuel economy. That means fewer gas station stops for you. Even skipping one could save you $40 to $50.
2. There are more used options out there
Hybrids have been popular for a while now. But it’s only in the last few years that EVs have started garnering a lot of mainstream attention.
Read more: check out our picks for the best car insurance companies
As a result, it's easier for many to find used hybrid vehicles than used EVs. This forces many aspiring EV owners to purchase new cars at much higher price tags. But when opting for a hybrid, you'll have more choices. If you're able to find a used hybrid you like, you could save even more compared to drivers of new EVs.
3. They're cheaper to insure than EVs
Generally, the more expensive a car is, the more drivers pay for car insurance. We see this play out with hybrids and EVs as well. These vehicles have more expensive components and fewer mechanics know how to replace them. This drives up repair costs, which in turn increases insurance costs.
Since hybrids are generally cheaper than EVs, it's usually easier to find cheap car insurance for them as well. However, hybrid drivers may still pay more for their insurance than drivers of gas-powered vehicles.
4. They work better in cold weather
Last winter, EVs made headlines for leaving people stranded after their batteries quickly died in cold snaps. This isn't a problem for hybrids. Drivers can rely upon their car's battery when the weather is good and, when it's cold, switch immediately to gas.
5. They're better for road trips
Similarly, hybrids are a better option than EVs for those who plan to take long trips. EV charging infrastructure in the U.S. is growing, but it can be tough to know where you'll be able to find available charging stations along your route or if they'll even be working. Hybrids give you the freedom to go electric when you're able to without worry that you could wind up stranded somewhere.
There's more than just the environmental impact to consider when choosing a vehicle. You also have to think about your budget, your desired features, and how you use your car most often. But it's worth adding a hybrid or two to your list of contenders if you think you can swing it. It might raise your upfront costs slightly compared to a traditional vehicle, but it could save you quite a bit over the long term.
Alert: highest cash back card we've seen now has 0% intro APR until 2025
This credit card is not just good – it's so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.
