Electric vehicles have been getting a lot of attention lately. Not only are these vehicles friendlier to the planet than traditional cars, but they also help keep more money in your wallet because you don't have to fill them with gas.
While an EV can be a way to lower your car costs and a good choice for many people, don't overlook the option of buying a hybrid vehicle instead.
Check out some reasons why a hybrid can be a good option instead of an all-electric or gas-powered vehicle.
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You don't have to always worry about recharging
A hybrid vehicle allows you to use an electric motor until you run out of battery power. At that point, you switch to the gas-powered engine in your vehicle.
That means you won't have to constantly worry about having a charged-up motor when you are out and about.
You won't have to deal with 'range anxiety'
Range anxiety is the worry that the battery in an electric vehicle might run out of charge before you can find a charging station. After all, the infrastructure to charge electric vehicles is not yet fully built up.
However, you don't have to worry about range anxiety with a hybrid. The gas engine will kick in when you run out of an electric charge.
Resolve $10,000 or more of your debt
National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.4 <p>Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes. Clients who are able to stay with the program and get all their debt settled realize approximate savings of 45% before fees, or 20% including our fees, over 24 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating. "Debt-Free" applies only to enrolled credit cards, personal loans, and medical bills. Not mortgages, car loans, or other debts. Results vary.</p>
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You can refuel in minutes instead of recharging in hours
Recharging is a convenient option if you have easy access to a charging station or can charge the car in your garage. But charging can take some time.
On the other hand, refueling takes only minutes at a gas station.
Resolve $10,000 or more of your debt
National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.4 <p>Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes. Clients who are able to stay with the program and get all their debt settled realize approximate savings of 45% before fees, or 20% including our fees, over 24 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating. "Debt-Free" applies only to enrolled credit cards, personal loans, and medical bills. Not mortgages, car loans, or other debts. Results vary.</p>
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You get the best of both worlds
A gas engine might be your best option for a road trip. Meanwhile, an electric engine is perfect for those local trips to the grocery store or picking up the kids at school.
In other words, a hybrid gives you the best of both worlds. You won't have to worry about whether you have the right vehicle for the job.
The sticker price is often lower
Typically, a hybrid will cost you less than an all-electric vehicle.
However, hybrids usually qualify for fewer tax incentives than electric vehicles. So, be sure to compare all costs before making a choice.
They cost less over the long run
It's important to not only consider the cost of a vehicle at the time you purchase it but also the ongoing costs throughout your ownership of the car.
Hybrids cost less to own over the first five years compared to an electric vehicle, according to auto website Kelley Blue Book.
It's a good transition to an EV
If you are not quite ready to buy an electric vehicle, a hybrid can be a good transition in that direction.
With the hybrid, you can keep one foot in the world of traditional gas cars as you boldly step with the other foot into the future.
You can save money on powering it
Gas prices fluctuate based on market factors. If you have a traditional car, you are stuck paying that price.
But with a hybrid, you can lean toward using electric power when gas prices are high. Once costs come back down, you can start using gas again without having to worry about the range anxiety that comes with EVs.
The flexibility of two power sources means you can pick and choose the source at any point.
Bottom line
Hybrid cars may be a good option to consider if you're not sure you want a gas vehicle or EV.
However, remember to think about more than just the initial purchase price when calculating the cost of your next car.
For example, you should consider repair and maintenance costs and shop around for the best deal on car insurance.
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