If you’re thinking of purchasing a new car, one of the main factors you’ll need to look into is the fuel type. While electric, petrol, and diesel are the most well-known, it can also be wise to check out hybrid vehicles, which contain both an electric motor and a gasoline engine.
Want to learn more about them? Below we are going to take at the different pros and cons of these cars so that you can determine if they are the right fit for you.
Sound interesting? Let’s get started.
Pros:
There are many options to choose from.
Those who don’t know much about hybrids probably expect there to be a limited range of options available. However, just like all petrol and diesel cars, many different brands offer them, and the numbers are only growing. From a smaller Suzuki electric car hybrid to a larger SUV, there are options for individuals, couples, and families.
As of now, there are currently four different types of hybrid cars on the road, so if you are interested, it’s essential to look into them. They include:
Parallel Hybrid Cars: The most common type in which the electric motor and gasoline engine worth together.
Mild/Light Hybrid Cars: The battery is only used to give an extra boost to the gasoline engine.
Plug-in Hybrid Cars: Must be plugged in to charge fully. The battery is used for short distances while the gasoline kicks in on longer drives.
Series Hybrid Cars: The gasoline engine charges the battery by turning the generator.
You’ll save money on fuel and maintenance.
Fuel can add up to be one of your most significant vehicle expenses, but hybrid cars can really help cut this cost down. The petrol engine only runs when needed, which reduces the amount of time you will spend at the gas pump. In fact, you can save hundreds of dollars, making a significant difference to your bank account.
Alongside saving money on fuel, hybrids also reduce your maintenance costs due to the two different sources of power. Less wear and tear on the engine mean fewer repairs and trips to the mechanic. It really is one of the best advantages to consider, especially if you want to reduce your amount of unexpected yearly costs.
They come with tax incentives.
Hybrid vehicles are classified as “alternative fuel” cars, and because they produce fewer C02 emissions, tax is less than other vehicle types. In the UK, if you purchase a new model with less than 50g/km, it can qualify for a 100% first-year allowance (FYA). Meaning a company can deduct the total cost against the business’s profits.
You’ll have a more comfortable driving experience.
As mentioned above, hybrid vehicles contain an electric motor and a gasoline engine and are also incredibly lightweight. The combination of these provides a unique set of advantages, one of which is a quiet engine. In short, they provide a more comfortable driving experience for you to enjoy.
They have a higher resale value.
Due to their advanced technology, hybrid vehicles are consistently in high demand. If you do happen to want to sell in the future, you are likely to get more back than other car types. For individuals who regularly like to trade in and upgrade, it’s certainly a bonus to take into consideration.
You’ll help protect the environment.
One of the biggest advantages of hybrid vehicles is that they are better for the environment. By making a small change and switching to transport that doesn’t create as much greenhouse gas, you are helping protect our planet. Every step counts, and your actions will make a big difference.
Cons:
They have a higher initial price.
While you will save money on fuel and maintenance, hybrid versions of vehicles do have a higher initial price. It might only be a few extra thousand dollars, but for individuals that are on a strict budget, it can put you over the edge. Before you commit, it’s vital to assess your finances to understand if you truly can afford it (along with all of the other hidden vehicle expenses).
There are performance issues.
While there is nothing wrong with the way that hybrid vehicles run, when compared to other models, they do tend to have lower performance. Since they are built for city environments, they aren’t going to reach high speeds, and there can be a bit of an acceleration lag. Handling can also be an issue due to the placement of the battery and weight distribution. While most drivers won’t notice these disadvantages, others that enjoy a lot of open road driving will.
When maintenance is required, it’s expensive.
It’s true that hybrid vehicles will require less maintenance, and this can save you money in the long run. However, it’s still important to note that when you do need to make a repair, it is going to be more expensive. Something like replacing the battery can set you back a few thousand dollars. If you’re not the type to keep an emergency fund handy, it might not be the best choice for you.
Insurance can cost more.
As hybrid vehicles are designed for city commuting, the price of insurance is raised due to the higher risk of accidents. Other factors such as the maintenance cost and overall initial price also play a part in why a policy may be more expensive. However, it’s still important to remember that every company has different plans, and by researching around, you may be able to find something within your budget.
Conclusion:
There’s no denying that hybrid vehicles certainly are an incredible advancement in the automotive industry. However, while they do have many advantages, it’s clear that they are still in their early stages. As time goes on, we should see more improvements in their performance and capabilities.
When determining whether or not you should buy one now, it ultimately depends on your personal preference. You save money in some areas and lose money in others.
