Monday, January 19, 2015

Lower Fuel Prices Mean More Savings On Green Vehicle Purchases

2014-kia-optima-hybrid-front-three-quarters-02

Just like when high fuel prices knocked down the sale price of many a truck and SUV, the current drop in price at the pump is pulling down the prices for many a hybrid, PHEV and EV.

Per TrueCar, the No. 1 green vehicle in January to leave more money in its buyer's wallet is the Ford Focus Electric, which is leaving the lot with 16 percent off of its $29,995 MSRP. The market average for the EV comes out to $25,168.

Taking silver and bronze on the podium are the Ram 1500 Tradesman 4×2 with regular cab and standard bed, and the Toyota Venza XLE, coming with an average of around 11 percent savings off MSRP. Both vehicles are the only ones in the top five that aren't green vehicles, though the 1500 can be had in EcoDiesel and EcoDiesel HFE trims.

Rounding out the quintet are the Kia Optima Hybrid and Toyota Prius Two, both saving their fans around 10 percent off MSRP for a total of $29,411 and $22,498, respectively.

President John Krafcik said that with automakers "heavily discounting their most fuel-efficient cars to clear inventories," as well as the majority of consumers becoming more focused on the fuel pump over fuel economy, now is the time to buy a hybrid or EV. He added that "when the pendulum swings the other way," such vehicles would become more attractive, with pricing to match.

The post Lower Fuel Prices Mean More Savings On Green Vehicle Purchases appeared first on The Truth About Cars.



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