My Calculations
Ok, I don't necessarily disagree with you guys, because the repairs of hybrids can be more expensive, although on the most popular hybrid, the Prius -a Toyota too- most batteries last at least 150,000 miles and owners have reported excellent reliability, especially because you have a gas engine and an electric motor dividing up the load, which means both share the burden over time. But if you do have the bad luck of needing a mayor repair over 7 years my numbers won't matter at all, and that is the big unknown I admit. But, because this forum is all about exchange and debate of ideas, please read this carefully and comment
I did some calculations for the Rav4, first of all I tend to keep cars for at least 7 years, and drive at least 12k miles a year too, so those will be the numbers I will use
We don't know the cost of the Rav4, but Camry hybrid is about 4k USD higher than the standard Camry of a traditional trim, so I’ll use that number as a theoretical price increase
We don't know the MPG of the hybrid Rav4, but, we do know the lexus RX hybrid is 28 city, 32 highway/ 30 average, so I’ll use the 30 average number, the standard Rav 24 is 22/29 so I will use 25.5 mpg for my calculations, I must note that the more you drive city traffic the more a hybrid makes sense, we live in long island and my wife works in queens, so she catches A LOT of traffic, making the purchase of her prius C a no-brainer compared to a gas only car of similar size and accessories
If you drive 12000 miles a year, depending on gas prices, you will save yearly using the equation
money_saved_yearly = [ (milesDriven/MPGgas)-(milesDriven/MPGhybrid) ] x gas_price$
Were (miles driven / MPG) gives the total number of gallons used
I can't copy paste an excel sheet but for the numbers I used on the Rav4 I calculate annual savings on gas of
1$/gal: 494$
2$/gal: 988$
3$/gal: 1976$
4$/gal: 2471$
4000 dollars on a 5 year loan at a 3% interest rate is 862$ a year, so at 2 dollars a gallon you are saving enough on gas to cover the purchase price over the first 5 years, not to mention that the remaining years are pure savings, if gas goes back to 3 -which is very likely- or you own your cars for 10 years, or you drive more than 15k miles, the numbers are even more on the hybrid favor as long as you don't have mayor repairs
Now, I admit, there is the three-huger factor of liking to emit less CO2 which of course weights my decision too, some of you might think this is complete B.S, no need to digress here on politics, I'll just say that I rather trust the majority of the scientific community and I feel I need to put my grain of salt towards a better world
Now, because this is a
HR-V (Vezel) forum and not a Rav4 forum, I will give some numbers also on a theoretical US version of the Vezel hybrid existing in Japan or a HR-V hybrid, but you've got to bear with me for a little.
First, I know you can't just translate prices or fuel economies from one market to another, testing standards and components can differ, but I will just create "theoretical conversion rates" from what we know of the Japanese market and the US market, for example, the lower trim of Vezel in Japan has advertised numbers of Fuel economy of 20.6 km/L and a price of 1,923,429円 (
http://www.honda.co.jp/VEZEL/)
For the US I will use a combined fuel economy of 31 MPG which is now official and a theoretical price of 21,000 $ (which is my best guess for the low trim CVT version of the Vezel)
Then, the theoretical conversion factors would be
1.505 [MPG]/[km/l], note that this is different than the real and direct factor of 2.35 that a conversion table would give you. this 1.505 is comparing Honda Vezel Japan with Honda HR-V US
For price we get 0.01016 USD/JPY, which also is different to today’s exchange rate of 0.0083
If we use those "theoretical" conversion factors to convert the existing lower trim of Honda Vezel hybrid to US numbers, which costs 2,417,143 円 in Japan and has a published fuel ec of 26 km/l in the front wheel drive version we get a theoretical HR-V hybrid that costs 26390 USD in its lower trim and has a mileage of 39.12 MPG combined!!! Not as good as a Prius but a great deal for the amount of cargo it carries
If we go back to the same calculations of before, driving 12000 miles a year, and assuming based on my previous calc that the HR-V hybrid will cost 5390 more than the gas one,.
1$/gal: 562$
2$/gal: 1125$
3$/gal: 1687$
4$/gal: 2250$
This savings are the 8 mpg increase of going for gas to hybrid, a loan of 5390$ will only be 1162$ the first 5 years based on an interest rate of 3%, after 5 years is all gas savings minus repairs, and other factors could make this savings even better, with the numbers I used the hybrid is on the break-even point at gas on 2.1$/gal gas prices
You might disagree with me and that's fine, especially based on the cost of repair side of the discussion, but, you can't simply claim that from a fuel consumption point of view hybrids don't make sense just because the car is more expensive, or if you do, feel free to back it up with numbers just like I backed up my position, the one person who can prove me wrong would be the one who can pinpoint to a quantified increase of repair cost over the life of hybrids, not of a single horror story but a statistically sound study over a large population of owners.
Thanks for reading this long thread if you had the patience