We are car shopping and are considering Electric Vehicles, Plug-In Hybrids, and straight up Hybrids. I wanted to know the smartest choice to make financially over the course of, say, 10+ years... and as it turns out, there's more to consider then the initial fuel savings (which are significant!).
Each of the car technologies has pros and cons over each other The hybrids (like Toyota has really invested in) has proven to be incredibly reliable and hold their value very well... but the newer flashier EV's (Tesla) offer incredibly fuel savings over those Hybrids, but completely fall off the map when it comes to resale. Does that higher sticker price and terrible resale make it worth it in the long run?
And what about the Plug-In's? Are they the sweet spot offering a bit of both technologies OR do they represent the worst of both worlds.
In this video I'm going to share what I've learned to help you figure out what the smartest choice is for you or your family so that if you DO decide to purchase a new vehicle this year, you are truly happy with your choice.
Let the battle of the HEV, PHEV, and straight up EV begin!
0:00 EV vs. HEV vs. PHEV
2:18 Hybrids
3:18 Plug-in Hybrids
5:51 EVs
8:52 Fuel costs over 10 years
14:38 What is the smartest choice?
16:16 Final thoughts
