OCTOBER 2023

HYBRID VEHICLES ARE COST EFFECTIVE FOR CONSUMERSHybrids1 are a popular, cost effective, no compromise solution for saving money on fuel. Owning a hybrid
will save the typical driver $4,100 over the life of the vehicle, compared to owning an equivalent
conventional gas-powered vehicle.
• The average hybrid delivers $5 in fuel savings for every $1 spent inincreased purchase price.
• All 10 of the best selling hybrids can save money in the first year ofownership when financed because the fuel savings are greater than
the increase in monthly payment.
• CR’s data on maintenance and reliability shows that hybrids aresecond only to EVs in terms of delivering lower average maintenancecosts.2 For this analysis, maintenance costs were assumed to be
the same for hybrid and non-hybrid vehicles. Over the lifetime ofthe vehicle, lower maintenance costs could add up to significant
additional savings not reflected here.
$8,000First Owner Net Savings$7,000Lifetime Net Savings$6,000$5,000$4,000$3,000$2,000$1,000e
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For the purposes of this fact sheet, hybrid refers to strong hybrid vehicles powered only by gasoline and does not include plug-in hybrid vehicles.

2

 onsumer Reports, Car Brands and Models That Can Save You Money Over Time, April 20, 2023, https://www.consumerreports.org/cars/car-repair-maintenance/carC
brands-and-models-that-can-save-you-money-over-time-a9081677414/

OCTOBER 2023

Comparison Table:Hybrid TrimHybrid FuelEconomy (mpg)

ICE Trim

ICE Fuel
Economy (mpg)2024 CR-V 2WD Sport Hybrid

402024 CR-V 2WD EX

30

2023 Rav4 Hybrid LE

402023 Rav4 LE AWD

30

2024 Accord Sport Hybrid

442024 Accord EX

32

2023 Sienna LE AWD

36

2023 Odyssey EX (FWD)232024 F-150 Supercrew 4WD 3.5L Hybrid

232024 XLT Supercrew 4WD,
3.5L ecoboost

202024 Maverick Hybrid XL-Supercrew

37

2024 Maverick XL-Supercrew

26

2023 Corolla Hybrid LE

502023 Corolla LE

352023 Highlander Hybrid LE AWD

35

2023 Highlander LE AWD

24

2024 Tucson Hybrid Blue38

2024 Tucson SEL AWD

25

2023 Sportage Hybrid LX

432023 Sportage LX

28

ABOUT THE ANALYSIS
Consumer Reports’ analysis of vehicle ownership costs takes fuel, maintenance and repair costs intoaccount, in addition to purchase price, federal tax credits, financing, and resale value. The analysis uses
similar modeling methodology as CR’s 2020 EV ownership cost study3 with the following changes:• Selected vehicles include the 10 best selling hybrids in the US in 2023 through July.
• Comparison vehicles were selected with similar utility and features as the hybrid and, if possible, were thesame model in the same or similar trim.
• Energy costs are updated to the reference case from EIA’s Annual Energy Outlook 2023.4• Maintenance costs were assumed to be the same for the hybrid and non-hybrid version.
• Average loan interest rates were updated to the average June 2023 values of 6.4% for prime buyers
according to NerdWallet.53

 onsumer Reports, Report: Electric Vehicle Ownership Costs, October 8, 2020, https://advocacy.consumerreports.org/press_release/new-analysis-from-cr-finds-thatC
the-most-popular-electric-vehicles-cost-less-to-own-than-the-best-selling-gas-powered-vehicles-in-their-class/

4

US Energy Information Administration, 2023 Annual Energy Outlook, March 16, 2023, https://www.eia.gov/outlooks/aeo/5

NerdWallet, Average Car Loan Interest Rates by Credit Score, June 27, 2023