You might be considering a hybrid car, but may not feel 100% confident if it’s really the best option for you. A hybrid car is truly the best of both worlds: a gasoline engine with an electric motor. There are several factors that you might want to keep into consideration if you’re deciding between a car with a gasoline engine or a hybrid.
1. Reduction in Fuel Costs
The reduction in fuel costs is the most evident benefit of driving a car that runs partially on electricity. Savings in fuel costs can be quite dramatic. If you have a long commute or put a lot of miles on your car each month, a hybrid car can ultimately save you a lot of money. Depending on how much you drive and the type of hybrid car you purchase, the savings could potentially be in the thousands of dollars each year.
An example of a vehicle with stellar fuel efficiency is the Ford C-MAX. The C-MAX is a hybrid car that runs on a 2 liter, four cylinder engine. This enables drivers to get approximately 43 miles per gallon for city driving. Not too shabby if you ask us. This is also pretty good for a car that actually has a large interior cabin and can pack in five passengers. Green Car Reports that there are tips drivers can learn to increase mileage like learning proper acceleration techniques and keeping track of how much the car is charged at certain times. Following these tips can improve fuel economy and reduce the amount of gas you use.
2. Elimination of Idling
Many cities now have no idling zones. One of the best aspects about having a hybrid car is that these cars rarely idle their motors like regular gasoline engines. Once the car has come to a complete stop the combustion engine automatically shuts down and begins to conserve fuel. This doesn’t mean, however, that the car isn’t still running. The electricity takes over at this point to keep things like the climate systems working and the radio on.
The elimination of idling is an especially good benefit if you happen to do a lot of city driving. Sitting in traffic for extended periods of time usually means a lot of idling for drivers with gasoline engines. The amount of fuel that is wasted can be enormous. In most states it’s even illegal to idle gasoline engines to warm them up. Since hybrid vehicles technically don’t idle, you won’t be tempted to warm up your car on a cold day and risk a hefty fine.
3. Increased Tax Credits and Incentives
Buying a hybrid vehicle may also be beneficial when it comes to taxes. According to the U.S. Department of Energy, you may be eligible for up to $7500 in a tax credit, depending on the type of hybrid you purchase. To be eligible for the tax credit you’ll need to make sure your vehicle meets all the necessary requirements, such as the car being made by a manufacturer and being within a certain weight range. It’s also important to make sure you fill out the correct paperwork when filing and that you claim the credit before the phase-out period.
Besides tax credits there may be other incentives available when purchasing a hybrid vehicle and going electric. These are usually available at the state and city level, and will vary depending on where you live. A few incentives might include additional tax credits, reductions in vehicle registration fees, low-cost rates for charging and even vehicle-lane exemptions. There are also utility companies throughout the country that offer discounts for driving an electric or hybrid car.
4. High Resale Value
Hybrid vehicles, in general, have a high resale value. An increasing number of people are investing in hybrids. Because of the increase in interest, resale prices have been climbing. Cars.com states that hybrid cars are depreciating less than non-hybrids. Resale value will be dependent on several factors. A few of those include the brand and type of hybrid car you purchase, and how high gas prices are when you’re trying to sell the vehicle.
There are several specific reasons behind the increased resale value for hybrid cars. For starters, hybrid technology is continuing to improve. Secondly, many people are consciously reducing emissions and see hybrids as a great way to help the environment. Another reason is that consumers are beginning to see fewer cars with gasoline engines and more hybrids on the road. They realize this isn’t just a passing fad, but that hybrid cars are mainstream and here to stay.
5. Environmental Friendly
Driving a hybrid is better for the environment than a traditional car. If you’re using less gasoline, there are obviously going to be less emissions overall. If there were more hybrid cars in urban areas, the air would likely be considerably cleaner. A hybrid also conserves energy, which means less gas is used and it’s better for the environment.
Good Energy points out that making short trips in a hybrid vehicle and completely relying on electric power will make owning and driving a hybrid as environmentally friendly as possible. It’s also important to consider how the vehicle charges the battery. There are different types of electrical batteries, different ways to charge them and ultimately different levels of efficiencies when using electricity.
If you’ve been thinking about trying a hybrid car, these are just a few great reasons to jump on board. The technology is constantly improving, which means they’re comfortable, attractive and can potentially improve fuel economy. With other incentives that make owning a hybrid vehicle a smart economical choice, there has never been a better time to improve your fuel economy, reduce emissions, help the environment and invest in a hybrid car! If you are thinking of using a hybrid car, but don’t necessarily want/need to purchase one, Canvas has a few different hybrid options including the Ford Fusion, Ford C-Max, and Lincoln MKZs.