Hybrid cars are taking up a growing share of new auto purchases as options increase and prices come down. But to figure out if a hybrid makes financial sense, consumers need to do some math.

Hybrids sa国际传媒� vehicles with both an electric motor and a gasoline engine sa国际传媒� cost anywhere from $1,200 to $15,000 more than their internal combustion cousins.

For example, the price difference between the hybrid and the regular 2019 Toyota Rav4 sport utility vehicle is about $1,400. But the 2019 Mitsubishi Outlander plug-in hybrid SUV starts at about $44,000, while the gas-powered version starts at $30,000.

sa国际传媒淭he number of compromises that you have to make can be very significant. And yet you pay more,sa国际传媒� said Dennis DesRosiers, an industry analyst and president of DesRosiers Automotive Consultants.

He cited everything from a bigger price tag to smaller trunk space.

Virtually every major update to a given gas-powered model produces an engine with 20 to 40 per cent more fuel economy, he said.

sa国际传媒淭he new Ford F-Series pickup truck was 35 per cent more fuel-efficient than the old one, so thatsa国际传媒檚 more cash in your wallet.sa国际传媒�

Hybrids also often have higher insurance premiums because theysa国际传媒檙e worth more than the gas-only versions.

The price of gas is a major factor. If you live in Vancouver, savings with a hybrid may be greater due to an average price of $1.35 per litre, according to GasBuddy.com. Gas costs an average of $1.13 in Ontario and $1.19 in Quebec.

Other key variables include location and driving habits. Hybrids generally save the most money for city drivers, where commuting distances tend to be shorter and stop-and-go traffic would suck up more gas.

ALSO READ:

British Columbia and Quebec also offer rebates on plug-in hybrids, making the green option more appealing.

Hybrids come in two basic types: Self-charging sa国际传媒渕ildsa国际传媒� hybrids and plug-in electric vehicles (PHEVs). The self-charging variety draws on an electric motor for some acceleration and recovers energy while braking. Big-battery PHEVs run for 30 to 60 kilometres on electricity and recharge at an electrical outlet.

Matthew Klippenstein, an engineer who assists Electric Mobility Canada with its market analysis, said the longer you own your vehicle, the more yousa国际传媒檒l drive and the more yousa国际传媒檒l save.

Thatsa国际传媒檚 especially true, he said, for thirsty pickup trucks like the Ford F-150, on track to be Canadasa国际传媒檚 top-selling vehicle this year and, starting in 2020, one of the roughly 40 models that come in electric form.

sa国际传媒淵es, the plug-in hybrids or all-electric vehicles do cost more, but typically what the automakers have done is stagger their pricing, so that the high-end, all-gasoline version will be not too much less than the entry-level electric version,sa国际传媒� Klippenstein said.

sa国际传媒淎lmost no one really buys the bare-bones combustion version. And realizing that theresa国际传媒檚 a higher price point, automakers tend to stuff in more features for hybrids.sa国际传媒�

One way to calculate if a hybrid will save money is to divide the purchase price by the estimated difference in annual fuel cost. The final figure is the number of years needed to recoup the higher up-front cost.

The formula includes the kilometres per year, proportion of city driving, gas price and cost of electricity. For example, the Rav4 hybrid SUV could take less than four years to make up its extra cost in gas savings, assuming the buyer drives about 20,000 kilometres per year, with slightly more city driving than highway in Ontario.

To compare vehicles, drivers can head online to Natural Resouces Canadasa国际传媒檚 fuel consumption ratings search tool.

Consumers may also want to consider benefits outside of price.

A lower carbon footprint, whether your residence has a garage to plug in a PHEV, and access to HOV lanes and priority parking for zero-emissions vehicles might all be considerations.

sa国际传媒淚f yousa国际传媒檙e in a two-car family, then sa国际传媒� Isa国际传媒檇 suggest that the main commuting vehicle could become an electric vehicle sa国际传媒� because yousa国际传媒檙e likely not going to use it more than 100 kilometres on a day,sa国际传媒� Klippenstein said.

Plus, he said, electric vehicles are a better ride.

sa国际传媒淭heysa国际传媒檙e quieter, theysa国际传媒檙e much torque-ier, theysa国际传媒檙e a lot more fun, basically.sa国际传媒�

Christopher Reynolds, The Canadian Press

Like us on and follow us on .