Fuel efficiency isn't just a bonus when it comes to buying a new car. It is one of the essential factors in a consumer's decision, according to the latest study. The American Council for an Energy-Efficient Economy, along with some researchers from Simon Fraser University, researched that car buyer are willing to pay extra for better mileage per gallon, even if the initial cost of the vehicle exceeds the savings they could see on the back end.
We've been very lucky to enjoy relatively low gas prices over the past five years. But still, filling up your fuel tank is a significant expanse - especially when you're driving long distances regularly. It's essential to keep in mind that gas prices could easily rise rapidly & unexpectedly at any time, based on a multitude of factors. For these reasons, leasing or buying a car with good fuel economy is a wise choice. Here are some most energy-efficient cars being produced today.
Here are some best energy-efficient cars that you should look to buy in 2020.
- MSRP: $21,600
- Estimated annual operating cost: $888
The Toyota Prius is one of the most affordable vehicles available, though its yearly operating cost is a bit higher than other options. This eco-friendly hybrid gets about 50 MPG. Unlike some of the other new entrants to the energy-efficient automobile market, this car has a proven dependability record.
And since the model has been around for a few years, you can easily find a used Prius at a dealer near you, which could open your options & save you a bundle on the initial cost.
- MSRP: $32,780
- Estimated annual operating cost: $561 for electric supply
Federal & state subsidies can reduce the electric vehicle's cost - and many others - to between $25,000 & $20,000, depending on your state of residence.
While the operating costs are attractively low, one drawback of this car is its range, which is only 100 miles on a single 30-minute charge. It's an excellent option for commuting around town or owning a second vehicle for longer trips.
- MSRP: $109,000
- Estimated annual operating cost: $562
While the steep price tag is prohibitive for most buyers, if you are looking for an energy-efficient sports car, look no further. Although you won't save on the sticker price, this fantastic American-made electric sports car's operating cost is incredibly low.
- MSRP: $42,000
- Estimated annual operating cost: $600-$1,600
The volt is a great practical option because it has an electric motor with a traditional fuel-efficient internal combustion engine. Operating on the electric motor only, Chevy Volt gets the equivalent of 93 MPG. On a long route or operating with the internal combustion engine, it still gets 37 MPG/highway.
Like the other fuel-efficient cars on the list, federal & state subsidies and tax incentives will undoubtedly lower the price considerably.
- MSRP: $29,000
- Estimated annual operating cost: $900
You can get Lexus CT for under $30.000, & this hybrid is even predicted to average 42 MPG. If you are thinking about purchasing an eco-friendly luxury vehicle, then this model is the one. The operating costs are the most affordable and comfortable in the Lexus lineup of cars.
- MSRP: $24,000
- Estimated annual operating cost: $1,100
Another conservative choice for sticker price is the new Honda Civic Hybrid - that averages 41 MPG. This is a significant improvement over the gas-only Honda Civic sedan, which averages 30 MPG. Honda is consistently rated as the top vehicle and car manufacturers in the world by Consumer Reports. Its cars are widely known to be well built, have low maintenance costs, & retain their resale better than most other vehicles.
- MSRP: $15,500
- Estimated annual operating cost: $1,125
This fantastic car averages 40 MPG. It's one of the least expensive vehicles for energy-efficient car lovers. One of the reasons that this car has made quick success in the car industry is its unique design. This car isn't the first choice of most car lovers but at $15,500, who cares?
- MSRP: $18,200
- Estimated annual operating cost: $1,100
It's one of the most affordable cars on the list, both in operating costs and sticker price. This car gets 41 MPG, just like the Honda Civic Hybrid. Like the Civic Hybrid, the new Honda Insight comes with an affordable sticker price as well as the Honda reputation & resale value retention.
This new Chevy Spark can save you almost $1.250 in fuel costs over five years compared to fuel expenses associated with the average new vehicle. Chevrolet Spark gets 33 MPG when factoring in city & highway driving combined. It receives an estimated 38 MPG during freeway driving and about 30 MPG in stop-and-go city driving.
The Corolla Hatchback averages about 36 MPG in city & highway driving. This car gives 42 Miles Per Gallon on the road, and in the town, it averages 32 MPG. As far as features of this car are concerned, it has automatic emergency braking and lane-keeping assistance.
Saving on fuel & other annual costs of owning a car is very attractive, of course. As you consider your next move as a car buyer, however, be sure to consider not just the purchase price & annual operating costs - but also whether the current vehicle you're using will work for few more years or not. And do consider rising gas costs - In the short term that might be your smartest financial move.
If your car is in good shape, gives decent mileage, then you don't need to buy a new car for yourself. But if you're looking for a new car for yourself, then consider the fuel-efficient vehicles and the long-term benefits of - lowering your annual budget for gas and other expenses. You can purchase one of the cars mentioned in the above list to save money.