Seriously, this may be the worst report I have ever seen on a hybrid.
The Detroit News ran an article about how not only are hybrids holding their value, but in some cases, appreciating rather than depreciating.
My insurance went down when I changed from a '95 Ford Explorer to the 2005 Escape Hybrid.
And of couse, we all know how atrocious that milage is, and what a joke the idea of not making your money back is, but seriously, I get over double the MPG that a regular Escape does, and they're going to say that I won't make the price difference up or end up with a profit in the long run?
Like I said, perhaps the worst reporting ever on a hybrid.
EDIT: I wrote a letter to the Editor, I couldn't help it.
Hello,
I am writing in response to the nightly news article,
http://msnbc.msn.com/id/8975473/ about hybrid cars. Frankly, I wonder how this can be called journalism, as there's no research and no facts being reported.
The article first mentions how hybrids don't perform up to EPA standards in real-world driving, and in fact, come up far short. Really? I'm a member of
www.greenhybrid.com, a hybrid community where people share their fuel economy one tank at a time, and while not everyone is getting terrific MPGs and/or beating the EPA, it's a far cry from the giant gap the article reports. Even ignoring that, having one person give their results, probably after one afternoon of driving as your source when there's entire communities of people own and drive the vehicles in question, who could be easily reached and eager to share information about the hybrid is just plain lazy. (And for the record, my lifetime Fuel Economy is above the EPA numbers.)
The article goes on to mention that the vehicles depreciate faster and cost more to insure. Strange, you would think that if this were true, newspapers like the Detroit Free Press wouldn't run articles about how demand for them has been soaring causing them to not only minimally depreciate, but in some cases increase in value.
http://www.detnews.com/2005/autosins...A01-197580.htm
As for the insurance, well, I can't really quote anything other than my own experience. I traded in my '95 Ford Explorer and got a 2006 4WD Escape Hybrid. My insurance went down, nearly $300 a year.
The article talks about not saving money with a hybrid. Well, that also seems just as absurd. Comparing, say the Escape Hybrid against an Escape, a far more direct comparison than a Prius against a Camry, the Escape Hybrid gets around 263% the Fuel Economy that a conventional Escape does. With gas prices on the rise, let alone at some static statistic price, the price difference between the two vehicles for anyone who comes even close to the miles the average American drives will not only make up the price difference, but will come out several thousand dollars ahead after a decade of driving.
I apologize for sounding so adversarial, but frankly, reporting opinions and outright falsehoods as news is far worse.
Anne Thompson should be ashamed of herself.
Thank you for your time,
-Richard Krueger