Life's a Gas! But if Doesn't Have to Be!

LIFE'S A GAS! BUT IT DOESN'T HAVE TO BE! COST COMPARISON BETWEEN GAS, HYBRID & ELECTRIC CARS Gas Electric Hybrid HOW DO THEY WORK? Fueled with gas Fueled with battery Fueled with 1/2 gas & 1/2 battery power power 2013 GAS, ELECTRIC & HYBRID CAR COMPARISON LUXURY CARS NAME OF CAR ENGINE TYPE PRICE MPG RANGE REFUEL TIME City: Hwy: $51,000 20 30 437 miles Minutes MERCEDES BENZ E CLASS on a full tank at a gas station gas City: Hwy: $69,900 208 miles 10 hours 94 97 on a full charge at 240 volts TESLA MODEL S electric City: Hwy: $54,750 27 32 465 miles Minutes on a full tank at a gas station INFINITI M HYBRID hybrid AFFORDABLE MIDSIZE CARS NAME OF CAR ENGINE TYPE PRICE MPG RANGE REFUEL TIME $20,895- $27,595 24 35 City: Hwy: 466 miles Minutes on a full tank at a gas station HYUNDAI SONATA gas 28,800- City: S34,840 129 102 Hwy: 75 miles on a full charge 7 hours at 240 volts NISSAN LEAF electric $27,200- $32,100 47 47 571 miles City: Hwy: Minutes on a full tank at a gas station FORD FUSION HYBRID hybrid TAX BREAKS ELECTRIC CARS Qualified Plug-In Electric Drive Motor Vehicle Tax Credit $2,500-7,500 CREDIT Phases out after an automaker sells based on battery capacity and vehicle weight. 200,000 eligible Different states have various hybrid and electric car tax break incentives including but not limited to: vehicles -HOV carpool lane access for single occupants Alternative Fuel Infrastructure Tax Credit -Tax rebates from $1,000-$20,000 for zero emissions vehicles $1,000 TAX CREDIT Installed prior -Tax rebates from $75 - $2,000 for charging station installation to December for installing Residential alternative fueling equipment -Electricity discounts for residential charging during off-peak hours 31, 2013 -Vehicle purchase is exempt from excise, sales, and use taxes INSURANCE BREAKS > Reasons: State eco-friendly incentives for lower premiums Hybrid/Electric owners are typically more responsible, older, wealthy, safer drivers Some insurance companies provide a 5-10% discount Average Nissan Leaf owner: 45 years old Average income of $125,000 a year Owns one home (bundle potential) for hybrid or electric car owners: Educated to at least college level Farmers | Travelers | The Hartford Drives less than 50 miles per day MAINTENANCE & REPAIR OIL FILTER FLUIDS EMISSIONS CHANGES CHANGES PROS Cons Engines have hundreds of moving parts, and break down relatively often. Most mechanics can fix combustion engines gas Require annual maintenance fees: No oil changes, filter changes or Battery slowly fades with time emissions fees. Tesla battery: 8 year battery warranty $10,000 replacement cost Less moving parts to break means very little maintenance Only 6 to 7 moving engine parts electric Leaf battery: 5 year warranty Battery replacement program - after warranty $100 monthly fee keeps battery fresh In the future, Battery costs will decline with volume and technology Hybrids have no maintenance advantages over gas or electric vehicles Engines have hundreds of moving parts Batteries lose power over time 1.4 kWh Lithium-lon battery approximately $3,500 hybrid TOTAL COST OF OWNERSHIP PRICE FOR CAR + ANNUAL OPERATING COSTS LUXURY CARS 125,000 120,000 115,000 110,000 105,000 100,000 95,000 90,000 85,000 80,000 75,000 70,000 65,000 60,000 55,000 50,000 YEAR 1 10 MERCEDES BENZ E CLASS TESLA MODEL S INFINITI M HYBRID AFFORDABLE MIDSIZE CARS 95,000 90,000 85,000 80,000 75,000 70,000 65,000 60,000 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 YEAR 10 HYUNDAI SONATA NISSAN LEAF FORD FUSION HYBRID Sources: ia insurance QUOTES http://www.afdc.energy.gov/laws/matrix/tech http://www.fueleconomy.gov/feg/findacar.shtml http://www.fhwa.dot.gov/ohim/onh00/bar8.htm http://usnews.rankingsandreviews.com/cars-trucks/rankings/cars http://www.bankrate.com/finance/insurance/car-insurance-discounts.aspx http://www.eia.gov/todayinenergy/detail.cfm?id36050#tabs_AltTransportFuelStations-3 http://green.autoblog.com/2013/06/20/nissan-leaf-battery-replacement-will-cost-100-month http://www.greencarreports.com/news/1049202_just-who-is-a-typical-2011-nissan-leaf-buyer-we-find-out A BANKRATE COMPANY DEVELOPED BY N NOWSOURCING