Reasons to buy a hybrid — or not

(AOL Autos) — OK, it’s official: Hybrid vehicles are definitely the wave of the future or at least one of them. With gas prices remaining over $3 a gallon and oil prices up around $100 a barrel, the need to save on fuel — and fuel costs — is clearly not just a passing trend. And, of course, concerns about air quality and global warming seem to mount every day.

So, it would seem that this is the right time to take the plunge and buy a hybrid. But first there are some questions you need to ask yourself. One key question is this: Why are you buying a hybrid? Is it to save on gas costs — or is it to do your part when it comes to cutting back on fossil-fuel emissions, which foul the air and contribute to rapid climate change?


That question has been a valid one the last few years, because hybrid vehicles can be more expensive than their non-hybrid counterparts, if you’re comparing apples to apples. (That is, if you’re comparing two cars of the same size, same equipment levels, etc.)

One school of thought that was advanced a year or two ago is that you pay such a high up-front “premium” for a hybrid that it could take many years before you “break even” on the amount you would save in fuel costs. In that scenario, your incentive for buying a hybrid vehicle would have to be largely driven by a concern for the environment. Which, of course, is not a bad thing. If we’re going to clean up the air and reverse the effects of rapid climate change, perhaps that’s just the premium we’ll all have to pay as we do our part.

But more recently, with gas prices rising even further and hybrid car prices getting closer to non-hybrid counterparts, it is likely that you will recoup that up-front premium in just a few short years.

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