Hybrid Gas Mileage: Has It Hit a Plateau?
When you look at the historical chart of hybrid gas mileage, you just have to wonder … when are the auto manufacturers going to take things to the next level? The Honda Insight, the earliest hybrid, was rated at 70 miles per gallon on the highway. Granted it was a wee little two seater with a three cylinder engine, but still … where are the OEM advances?
The answer, in short, is that the advances have already been made, but they aren’t for sale by the OEM manufacturers (not yet, at least).
Many folks lack an understanding of how hybrids fit into the big picture going forward. With a million Prius on the road, much of the general (non-hybrid driving) population is still unsure whether hybrid technology is a good bet.
Now if you’re a betting man (or woman) and you like to place a wager or two on the horses, you look to the papers for your research. On your way to the paddock, you’d open up your Daily Racing Form and check the past performances of the ponies in the next race.
If you’re considering whether a hybrid car is a good bet, you’d head over to Kelly’s Blue Book to check used hybrid resale values. If you were new to the game, you might be stunned.
In my area, a 2004 Prius with 60,000 miles has a KBB suggested retail price just one thousand dollars less then the original MSRP sticker. What other car could you have bought in 2004 and driven for four years (with excellent gas mileage) that retained that much value?
It gets even more crazy then that. I searched on AutoTrader to see what the local dealers were asking for 2004 Prius. There were just three Prius available in a 50 mile radius, at $21,900, $21,990, and $21,995, with mileage ranging from 56K to 77.5K.
Does two thousand dollars over the original list price represent irrational exuberance, or something worse?
As the latest generation Prius come off lease, a fantastic opportunity presents itself. We have the chance to dramatically increase the gas mileage of the hybrid fleet by upgrading these vehicles to plug-in hybrids utilizing Lithium battery packs to achieve a remarkable 100 MPG. This technology is here today and quite simply, it works.
How much would you pay for a car that got 100 MPG? Would you be willing to spend $30,000?
What if that car was a completely refurbished and warrantied used car?
Reference: Hybrid Gas Mileage





