Hybrid Loyalty Disappearing With Falling Gas Prices

Rising gas prices had everyone running to trade in their big, gas-guzzling vehicles for hybrids. Now that gas prices have come back down (for now), those hybrid fans aren't staying so loyal to their fuel efficient cars. Electrics and hybrids that were touted as the next big thing to save at the pump and help the environment are losing their luster. According to a recent New York Times article, as the time comes to trade-in those hybrids and electrics purchased a few years ago, buyers are replacing them with good old-fashioned gas vehicles. It made more sense to pay for a hybrid when gas prices were high and the savings in gas could make up for higher up front costs quickly. Not so in 2015. RELATED: See More of the 2010 Honda Civic Hybrid It's also a matter of lifestyle. No one is going off-roading in a Prius. Years of driving a car without the capability some drivers craved is pushing them to purchase gas vehicles instead. An Edmunds.com study found 55 percent of hybrid and electric owners were switching back. It's the worst hybrid loyalty they've found since they started tracking it back in 2011. Hybrids have also been challenged by the improved fuel economy that many sedans now feature. A 35 MPG sedan might not be as good as a hybrid, but it is close enough to make the extra cost of a hybrid too much to pay. RELATED: See More of the 2013 Toyota Prius+ ____________________________________ Click Here to Read the Original Article on BoldRide