11 Hybrids Cost Less To Own Than Gas Equivalents

Vincentric unveiled today its 2012 Hybrid Analysis, in which 11 of 25 hybrid vehicles were identified as having a lower total cost-of-ownership than their all-gasoline counterparts.

The 11 hybrids with lower ownership costs included the Lincoln MKZ Hybrid, which had the largest (over $7,000) advantage in comparison to its gasoline alternative, with additional hybrids from Mercedes-Benz, Lexus, Toyota, Ford, Kia, Porsche, Honda and Hyundai also showing cost advantages.

However, when the costs to own and operate all 25 hybrid vehicles were taken into account, the average five-year cost-of-ownership for hybrids was $1,223 more than their all-gasoline powered counterparts, assuming an annual mileage of 15,000. Fuel prices used in this report is based on a weighted average over the previous five months.

“With a large number of hybrid vehicles now on the market from numerous manufacturers, consumers have many options to reduce fuel consumption using hybrid technology,” stated David Wurster, president of Vincentric. “Our research shows that certain hybrids provide the benefits of hybrid technology, while also providing overall cost savings. However, it is important to remember that this isn’t the case for all hybrids, with low ownership costs and associated cost savings being specific to certain vehicles.”

Vincentric measures eight cost elements for over 2,000 vehicle configurations (including all models and trim levels) per model year, including depreciation, financing, fees and taxes, fuel, insurance, maintenance, opportunity cost and repairs. For this study, Vincentric compared hybrid vehicles to their all-gas counterpart based on a similar trim level. Cost differentials may differ if other trims are analyzed.

Hybrids with a lower total cost-of-ownership:

2012 Lincoln MKZ Hybrid (-$7,001)

2012 Mercedes-Benz S Class Hybrid (-$4,242)

2012 Lexus HS 250h (-$3,747)

2012 Toyota Prius V (-$1,804)

2012 Toyota Prius C (-$1,469)

2012 Ford Fusion Hybrid (-$1,202)

2012 Kia Optima Hybrid (-$779)

2012 Porsche Cayenne Hybrid (-$672)

2012 Honda Insight (-$656)

2012 Hyundai Sonata Hybrid (-$319)

2012 Lexus RX 450h (-$17)

Hybrids with a higher total cost-of-ownership:

2012 Honda Insight ($52)

2012 Toyota Camry Hybrid ($233)

2012 Honda Civic Hybrid ($911)

2012 Toyota Prius ($1,293)

2012 BMW 5-Series Hybrid ($1,296)

2012 Porsche Panamera Hybrid ($1,772)

2012 Toyota Highlander Hybrid ($1,896)

2012 Kia Optima Hybrid ($1,949)

For those who are looking to minimize fuel purchases, it is important to know the hybrid vehicles with the lowest overall fuel costs.

According to Vincentric, they are:

2012 Toyota Prius ($5,836)

2012 Toyota Prius C ($5,837)

2012 Honda Civic Hybrid ($6,580)

2012 Honda Insight ($6,845)

2012 Toyota Prius V ($6,876)

Over the long term, Vincentric expects hybrids to provide greater value to consumers as fuel prices increase.

Ultimately, it’s important for consumers to look at their needs and the specific models available to them because depending on the current deals, driving patterns and intended length of ownership.

  • YegorT

    Thank you for the article!

    Original article has a nice table. They compared Toyota Prius V against Matrix which is not a fair comparison – I think RAV4 is a closer one. In that case Prius V would save much more.

  • Max Reid

    Comparing Prius v with Matrix is outrageous and weird.

    Prius Liftback has EPA interior volume: 115.3 cu.ft.

    while Matrix has EPA interior volume: 114.0 cu.ft.

    And comparing Prius with Corolla is another horrible thing, Corolla has only 108 cu. ft. Prius is very close to Camry in Interior Volume.

    An Prius v is much bigger than Prius Liftback. I dont know why companies are producing such false comparisons.

    Also, read this news guys. A nuclear power plant is going to install Battery for power backup in addition to Diesel Generator. Slowly power plants are using battery for backup.


  • alex777

    camry hybrid LE v.s. camry LE, from their table….. camry LE (not hybrid) costs amazing $ 21468 o_O ……maybe 22600$!!! 25990$-22600$=3390$ !! NOT 4204$!!! funny articles, funny figures….What about the price of the replacement of brake pads? non-hybrid toyota will replace them twice, before hybrid!

  • alex777

    prius v.s. corolla o_O !!!!! corolla LE 4 AT costs 18180!!! not 17044!
    Another attempt to underestimate Toyota compared to other! :) Whose custom article?


    A better comparo would be costs of diesels vs their gasoline counterparts. Especially the MB SUV’s where the diesel blue tec engines are the base packages!

  • fetish cams

    Your style is very unique compared to other people I’ve read stuff from. I appreciate you for posting when you have the opportunity, Guess I will just bookmark this page.

  • FamilyGuy

    How are the 2012 Honda Insight and the 2012 Kia Optima Hybrid on both the higher and lower list? What am I missing?

    And what is the Honda Insight being compared to? Honda doesn’t make an ICE Insight, it’s hybrid only.

    I thought that this would be an interesting article comparing Ford Fusion Hybrid vs Ford Fusion ICE and other examples like that, but to have hybrid only cars and cars on both the higher and lower list has left me very confused.

  • Matt Crook

    Interesting article, but my red-flag goes up since I see something screwy with the numbers.

    The 2012 Hyundai Sonata Hybrid (in the positive) and the 2012 Kia Optima Hybrid (in the negative) are essentially the same car (Hyundai owns both Kia and Hyundai)

    Although they have different bodies and styling, otherwise, same engine, same hybrid batteries and system, and almost exactly the same price. The efficeciency numbers are nearly identical too – so why is there such a big difference in the cost to own?

    I would enjoy an explaination on that. I wouldn’t expect depreciation to explain it since they are both Korean by the same manufacturer with a similar reliability history.