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IS A HYBRID CAR RIGHT FOR YOU?

Kiplinger's Personal Finance

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July 2024

Hybrids offer a fuel-saving option for drivers who have reservations about all-electric vehicles. But there are trade-offs.

- DAVID MUHLBAUM

IS A HYBRID CAR RIGHT FOR YOU?

AT A TIME WHEN many consumers want to save on gas but aren't ready to buy a fully electric car, hybrid vehicles-which use both gasoline and electric motors to make them go-are having a moment. The Kiplinger Letter forecasts that hybrids will account for 14% of vehicle sales in 2024, up from 9% in 2023.

That growth is taking place despite another round of buzzy product launches last year for fully electric cars, also known as battery electric vehicles (BEVs). Some went well; some were glitchy. Carmakers around the world threw money into electricvehicle development, even as prospective car shoppers continued to fret about recharging availability, among other concerns. Amid all the hubbub, what Americans actually went out and bought was, increasingly, hybrids.

Carmakers are reacting, changing their model lineups to accommodate this trend. But is it a trend to follow? We'll take a look at the motivations of some hybrid buyers and the merits of the vehicles-and recommend a few as well.

But first, a review of how hybrids work. The car that started it all almost 25 years ago is the Toyota Prius, now in its fifth generation. The basic premise of a hybrid remains the same: A gas-burning engine is paired with an electric motor and a battery pack. The gas engine and the electric motor either take turns or work together to move the vehicle, depending on conditions. And the battery pack gets charged up either through regenerative braking (the electric motor runs in reverse as a generator when the car is slowing down) or by the gas engine. You can't charge an ordinary hybrid vehicle by plugging it in.

FLERE HISTORIER FRA Kiplinger's Personal Finance

Kiplinger's Personal Finance

Kiplinger's Personal Finance

Ciao, Italia! Eight Ways to Save on a Trip to the 2026 Olympics

WHETHER you're looking to experience breathtaking natural beauty in the Dolomite mountains or the urban buzz of a global design capital, northern Italy may already be high on your list of vacation destinations. Add in the chance to attend the Winter Olympics, taking place from February 6 to 22 in Milan and the Cortina d'Ampezzo ski resort, and you may be looking at a once-in-a-lifetime vacation.

time to read

4 mins

November 2025

Kiplinger's Personal Finance

Kiplinger's Personal Finance

My Quest for Higher Yields

MARKET action along with recent readings on employment and inflation imply the onset of a troublesome cycle: shrinking cash yields with negative pressure on returns for long-term high-grade corporate and Treasury bonds. Despite the knee-jerk Treasury-bond rally sparked by the dismal early-September jobs report, I expect interest rates to ascend sharply along the outer years of the yield curve—regardless of the Federal Reserve's imminent campaign to ease short-term rates.

time to read

2 mins

November 2025

Kiplinger's Personal Finance

WE ADD A NEW MID-CAP FUND

KIPLINGER 25 UPDATE

time to read

1 mins

November 2025

Kiplinger's Personal Finance

Kiplinger's Personal Finance

Smart Strategies for Paying Your Child an Allowance

By giving your kids money to spend and save, you'll help them sharpen their financial skills at an early age.

time to read

5 mins

November 2025

Kiplinger's Personal Finance

Kiplinger's Personal Finance

Take a Bite Out of Dental Costs

Many Medicare Advantage plans include dental care, but there are restrictions.

time to read

3 mins

November 2025

Kiplinger's Personal Finance

Kiplinger's Personal Finance

CHOOSE THE BEST CHARITIES FOR YOUR DONATIONS

While you set your giving strategy, think about your values, and select organizations that will put your contributions to good use.

time to read

10 mins

November 2025

Kiplinger's Personal Finance

A BROAD APPROACH TO INNOVATIVE TRENDS

KIPLINGER ETF 20 UPDATE

time to read

1 mins

November 2025

Kiplinger's Personal Finance

Kiplinger's Personal Finance

MANAGING MONEY FOR A LOVED ONE WHO CAN'T

Becoming a financial caregiver for an aging or ill relative will go more smoothly if you plan for the possibility in advance.

time to read

3 mins

November 2025

Kiplinger's Personal Finance

Kiplinger's Personal Finance

Guiding Families Through Life's Final Chapter

An end-of-life doula offers support to people who are dying as well as their loved ones.

time to read

2 mins

November 2025

Kiplinger's Personal Finance

Kiplinger's Personal Finance

RETIRING ON YOUR OWN? A GUIDE FOR SOLO AGERS

If you're single without adult children to rely on for help, planning for your older years requires an added layer of intention and urgency.

time to read

12 mins

November 2025

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