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April 22, 2015 04:18 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/1SVc_Yygl_s/cheap-gas-fuels-switch-from-electric-cars-for-suvs
Cheap Gas Fuels Switch From Electric Cars For SUVs
schwit1 points out news that's sure to clash with Earth Day narratives: drivers who bought hybrid and electric cars are switching back to SUVs at a higher rate than ever. Quoting:According to Edmunds.com, about 22 percent of people who have traded in their hybrids and EVs in 2015 bought a new SUV. The number represents a sharp increase from 18.8 percent last year, and it is nearly double the rate of 11.9 percent just three years ago. Overall, only 45 percent of this year's hybrid and EV trade-ins have gone toward the purchase of another alternative fuel vehicle, down from just over 60 percent in 2012. Never before have loyalty rates for alt-fuel vehicles fallen below 50 percent. ... Edmunds calculates that at the peak average national gas price of $4.67/gallon in October 2012, it would take five years to break even on the $3,770 price difference between a Toyota Camry LE Hybrid ($28,230) and a Toyota Camry LE ($24,460). At today's national average gas price of $2.27/gallon, it would take twice as much time (10.5 years) to close the same gap.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/1SVc_Yygl_s/cheap-gas-fuels-switch-from-electric-cars-for-suvs
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