Hybrid cars are touted as a "green" alternative; however, the financial aspects of hybrid ownership are not as clear. consider the 2018 edsel 550h, which had a list price of $5,100 (including tax consequences) more than the comparable edsel 550. additionally, the annual ownership costs (other than fuel) for the hybrid were expected to be $430 more than the traditional sedan. the epa mileage estimate was 28 mpg for the hybrid and 20 mpg for the traditional sedan.
a. assume that gasoline costs $3.60 per gallon and you plan to keep either car for six years. how many miles per year would you need to drive to make the decision to buy the hybrid worthwhile, ignoring the time value of money? (do not round intermediate calculations and round your answer to nearest whole number, e. g., 32.)
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Hybrid cars are touted as a "green" alternative; however, the financial aspects of hybrid ownership...
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