Jul

Gas-Saving Moment of the Day: Everyone Buy a Hybrid

Posted by Published in Car Buying

In a previous post, we pointed out an obvious way to save gas, which is to prepare the next car you buy a hybrid. Although that seems obvious, we’d like to point out that whether you buy a hybrid you are actually helping reduce the price of gas.

You see, whether just you buy a hybrid, that will save you gas and therefore money. However, whether millions and millions of drivers bought hybrids, the overall need for gas would start to decline, and the price would eventually come down. Less demand equals more supply, which in turn equals gas savings for everyone.

that phenomenon may not be as far absent as you’d think. In a survey, J.D. capability and Associates found that 62% of drivers are seriously considering a hybrid for

their next vehicle. that is up from 50% only a year ago and marks the biggest leap in consumer interest ever recorded in J.D. Power’s alternative powertrain survey.

Of course, right now there aren’t ample hybrids to meet demand, and they prepare up less than 5% of total new-car sales. But whether every manufacturer’s entire lineup were hybrids, well, you can suppose the gas savings on the consumer. Demand for gas would go down — impacting the price at the pump — and with that much volume, the cost of hybrids would go down as well.

Related:
More Gas-Saving Moments of the Day (KickingTires)