Calculating the paypack time for a hybrid and a Plug In compared to a regular car.
Assume $4.50 per gallon of gas. 12,000 miles per year. Hybrid mileage 45 mpg. Plug In Cost per gallon equiv. $1.20. Assume avg. car mileage of 25 mpg. Assume a car costs $20K, Prius $24K, and Plug in $27K.
Payback for a Prius now is 4 years and Plug in 4.5 years.
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