In this case a Honda Civic Petrol Sedan and a Honda Civic Hybrid.
*This comparison has no intention of putting down any brand/manufacturer. By using Honda as an example is purely a random choice. It is just a use of a real life example for a better visualisation of the situation. Do NOT read on if you disagree with the branding choice. The "X" button is situated on the top right hand corner of your browser window and you are free to place your mouse cursor over it and click on the left button if you are a right handed user or the right hand button if you are a left handed user.
For a start, here are the specifications of a Civic Sedan (PETROL)
I am not going to provide the full specification but just the few that we will be using for this comparison.
RRP: $26,280.00 (Civic VTi base model manual)
Combine cycle fuel consumption: 6.9 l/100kms
Civic Hybrid:
RRP : $ 38,020.00
Combine cycle fuel consumption: 4.6 l/100kms
A few assumptions:
Average kilometers travelled per annum = 25,000 kms
Average fuel price for the next 10 to 20 years will be around $1.25/litre
Maintenance cost for both cars are equal
Price difference : $ 38,020.00 - $ 26,280.00 = $11,740.00
Fuel used by Petrol Civic per annum = $1.25 X 6.9 X (25,000/100) = $ 2,156.25
Fuel used by Hybrid Civic per annum = $1.25 X 4.6 X (25,000/100) = $ 1,437.50
Savings in petrol from using a Hybrid Civic = $2,156.25 - $ 1,437.50 = $ 718.75
Therefore, to make up for the extra cost you paid to get a hybrid (thinking you will save more money on petrol and make back the extra cost) you will need to drive for ($11,740 / $ 718.75) years = 16.3years.
by then, your Hybrid will depreciate more in percentage than the petrol version which means, you need to drive a few more years to get back to losts.
Is it really more economical to drive a hybrid???
NO!....GET a petrol car ffs!
yes some might say save the planet and reduce CO2 emmisions....but the emmisions for the Hybrid and petrol version are 109 g/kms and 164g/km. Difference is 1.1 tonnes of gas per year. Considering the weight of atmosphere is 5x1018kg or 5 pentatonnes, 1.1 tonnes serves no purpose..its like you and me farting in a stadium....u smell within 2metre radius but beyond that...noone feels a thing.
So screw the Hybrid cars!! get Petrol!!!!!
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