Yesterday (27 April ‘08) the New York Times had two stories about hybrid vehicles.
The first was about Chevy Tahoe SVUVs. The hybrid version cost about $10,000 more than the standard and got 4-5 mpg better mileage. At $3.50/gal this amounted to a gas saving of about $4,300 over 100,000 mi. For this vehicle, buying a hybrid has a net cost of about $5,700. Of course, if you buy an SUV, you’re not serious about saving the planet.
The second story was about New York City cabs, which will be required to get 30 mpg by 2012. Replacing the standard Ford Victoria with a Ford Escape hybrid saves the cabbie $175/week in gas but raises the rent that he has to pay for the cab by $135/week. So the annual savings are about $2,000. Since the Escape is ten percent lighter than the Victoria, the gas savings have two causes.
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