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What are the Benefits of Hybrid Cars?

Consumers interested in buying a new car are faced with many options. One factor that is changing consumer perceptions as well as trends towards alternative energy is the price of gas. Cost of gas has become a major factor for consumers buying a car. Car manufacturers have analysed this trend and found a demand for hybrid cars. Hybrid vehicles are cars that combine electric power and gas power as a fuel-efficient alternative. Today, these cars are being manufactured and sold to consumers who are cognizant of their finances, buyers who want to help the planet and people who want a unique style of vehicle.

Vehicle Style

The hybrid car is in a class of its own. Compared to large style SUVs such as the Dodge Durango, Cadillac Escalade or GMC Yukon's, the hybrid cars are relatively small, compact cars. The style of the cars is simplistic, but do come with the latest features such as navigation systems, air bags and customizations as needed. Two hybrid brands include the Toyota Prius and Honda Insight.

Cost Savings

Purchasing a hybrid car will yield substantial cost savings in the long run. When there is financial unrest in the world, especially in countries that produce and sell oil to other countries, the price of gas can quickly rise and effect your pocket. The Toyota Prius hybrid vehicle can go approximately 550 miles before having to refuel. The vehicle offers a 12 gallon fuel tank.

Tax Credits

United Kingdom Vehicle owners will benefit from lower car taxes. Consumers who are purchasing a hybrid electric vehicle (HEV) are exempt from the London congestion charge. Vehicles that receive this eligibility must be listed on the Power Shift Register. Cars after December 2010 complies with the Greener Vehicle Discount (GVD) policy, which has replace the Power Shift Register. Cars that meet the standard of 100g/km carbon emission or less will qualify for the Greener Vehicle Discount.  Although there is significant demand, many people do not have the funds for a high priced car. However, economic conditions will drive more people to be aware as well as consider different options to save financially.

 

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