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Why you should buy a hybrid car, Part 1
It’s still all about foreign oil dependence
While they say predicting the future is impossible, there are often trends that can be realized ahead of time. Possibly the greatest trend heading into the future is the increasing cost of energy coupled with the increasing dangers of foreign oil dependence.
As a result, foreign oil dependence is probably the number 1 reason to buy a hybrid vehicle.
It’s not that buying hybrid cars is going to end foreign oil dependence. Unfortunately, hybrids offer little short term ammo in the battle against foreign oil dependence, at least as long as gas prices, infrastructure costs and gas guzzler sales remain subsidized by the government. Well, either that or a major breakthrough in battery technology is achieved.
Nonetheless, the potential danger that US foreign oil dependence brings into the mix makes a hybrid purchase an intelligent, risk-averse purchase. When gas prices hit $6.00 or $7.00, as they will in the next decade – even if just temporarily – you’ll quickly recoup huge sums of your hybrid investment. Inevitably, hybrid cars are simply a wise bet against the very real dangers of foreign oil dependence.
Of course, that assumes you will own your hybrid for 10 years or more, and you should.
Don’t be a typical materialistic American-poser trying to stay up with the Joneses – no offense to the Joneses. Constant new car ownership is one of the biggest plagues upon the American consumer, upon America itself and the world. If you have the guts to risk a hybrid investment, then stay in it for the long haul. Even Warren Buffett tries to own a car for 10 years as the savings can be massive.
Therefore, think long term and I’ll bet most hybrids will end up ROI positive.
Plus, if a breakthrough in battery technology is achieved, many hybrid vehicles could quite easily be converted in to plug-in hybrid vehicles, and you’ll be able to take advantage there as well.
Inevitably, buying a hybrid isn’t some obvious, cost-effective decision. In the last 10 years, it hasn’t always been a very cost-effective decision to make, but in the last few years, foreign oil dependence has made hybrid ownership more cost-effective. That foreign oil trend is sure to empty into greater returns on hybrid investments.
If you have any worries about foreign oil dependence, buy a hybrid. It’s not about doing your part, it’s about saving money. Again, when gas hits $7.00 nobody will be laughing at your hybrid purchase.
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(Why you should buy a hybrid car was first posted on Hybridcarblog.)
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