Friday, October 22, 2010

Hybrid Cars

If I believe the press, excise duty for hybrid cars will be removed from next year for cars below 2000cc. Quote from The Star "It is estimated that the Honda Civic Hybrid and Toyota Prius, now costing RM129,000 and RM175,000 respectively, would have a new price tag of RM100,980 and RM128,046 correspondingly following the excise duty exemption." The main question would be the cost of running the car. I looked at only one aspect of "cost of ownership" (operating cost), ie, fuel consumption.
The above report is from a US government website. If we are having the same model in Malaysia, my simple conclusion is that your monthly bill for fuel is reduced by about 30-40%!
So, if you are buying a new car, perhaps you should onsider a hybrid car for the sake of our planet earth.


Update: I was told that every battery cost about RM3,000 and there are seven of them. Battery needs replacement between 5-7 years. That will make you about RM20,000 poorer!

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