July 10th, 2009 · No Comments

From Green Right Now Reports

A survey of eco-friendly vehicles released today from IntelliChoice.com shows that most 2009 hybrid and clean diesel cars, trucks and SUVs deliver a lower cost of ownership compared to standard versions of the same vehicles.

The 2009 IntelliChoice.com Hybrid and Diesel Car survey examined the value of all 2009 model year hybrids and vehicles with clean diesel engines. The company evaluated the major factors that determine a vehicle’s cost of ownership over a five year period or 70,000 miles, including fuel, maintenance and repair, retained value, insurance costs and taxes and fees.

Among the top-line findings from the survey:

• Clean diesel has the potential to be a game changer. “Clean diesel cars like the VW Jetta TDI and Mercedes Benz E320 perform even better than hybrids in saving thousands of dollars in costs and recouping their purchase premium,” James Bell, editor of IntelliChoice.com, said in a statement. “Make no mistake that clean diesel cars are now mainstream. The Obama Administration needs to reexamine the legacy of higher tax rates on diesel fuel, which were set long before the switch to the low sulfur formulation required for general consumer use. The time has come to put diesel on a level playing field with gasoline. The Administration could even promote it with lower taxation as is done in Europe.”
• Small cars, sedans and crossovers perform better than large trucks and SUVs. “No surprise here. The Toyota Prius, Honda Civic Hybrid and even small SUVs like the Ford Escape Hybrid save their owners thousands of dollars over five years. When you begin to move into the larger vehicles, especially big SUVs, you may pay a few thousand dollars more in ownership costs for hybrid cars and clean diesel versions,” said Bell.
• The higher fuel prices go, the greater value hybrids and clean diesels deliver. “The survey uses a six-month running average of $3.20 per gallon in factoring fuel costs. We expect that gas prices will eventually go up, which increases the savings for hybrid car owners.”

IntelliChoice.com’s 2009 Hybrid and Diesel Car Survey pits hybrid and clean diesel vehicles against their gas-powered counterparts in the five most important cost of ownership categories. For instance, the Ford Escape Hybrid is compared against the “regular” or gas-only Ford Escape. The list below is a sample of findings from the survey that demonstrates how cost of ownership can offset higher sticker prices.