Plug-in Hybrid Cars Might Save Money on Fuel, But Electricity Bill Cost?

Hybrid cars is a growing industry and offer fuel efficiency. While plug-in hybrids are all-electric vehicles, do the savings really add up? We explore the possibilities.

By Penny Gottardi
Hybrid Cars are a growing trend among consumers who want to save money at the pump. It is true that hybrids can extend the mileage for vehicles. However, plug-in options, similar to the upcoming GM Chevy Volt, will soon provide an all-electric automobile which can be charged from home.
What most consumers don't know is that these battery-operated vehicles will run up their electric bill, depending on how often they charge the electric vehicle. Automakers are promoting electric cars as a way to reduce our dependency on foreign oil. Even so, the power companies still have to get the energy from somewhere, and that is often from foreign oil.

Most power companies are upgrading their facilities to burn clean energy. This is a topic that hasn't been covered much in the news. However, what will happen if the power companies decided to price the extra consumption from households that charge their electric car?

While viewing a variety of hybrid cars, the technology uses a gasoline engine and an electric battery to extend mileage. Some of the new hybrid cars are coming out with advanced green technologies that not only protect the environment, but can offer up to 700 miles without refueling. Some of these vehicles include the 2010 Toyota Prius, 2010 Ford Fusion, and the popular 2010 Honda Insight.

Moreover, hybrids are here today and as long as the automakers offer extended mileage, that is the only true solution for fuel economy. However, if gas prices rise due to low demand, are we really saving money from the pump? Only time will tell.