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Cost Considerations

While hybrid vehicles may have a higher upfront cost compared to their gasoline-only counterparts, the long-term savings on fuel and potential tax benefits can offset this difference. For instance, the average cost of a hybrid vehicle ranges from $25,000 to $40,000, depending on the make and model³. However, the reduced fuel expenses and maintenance costs—thanks to less wear on the engine and brakes—can make hybrids a financially sound investment over time.