Fuel Frenzy

Futuristic Fourwheeler or Carbon-Burning Car

By Yathin
One of the most controversial topic in lifestyle is whether or not to buy an electric/hybrid car. The pros are obvious; such a vehicle with small fuel consumption would save money and the environment. However, such a vehicle would also be very expensive.


So I have compared two basic models (hybrid and normal) of the same vehicle (2015 Toyota Camry) and how much one may pay over a 10 year course in respect to gas. For this comparison we will assume that the "driver" drives 25,000 kilometers per year and that gas prices are $1.10 per liter. The "average fuel economy is equal to %75 of the city and %25 of the highway fuel economy ratings.

2015 Toyota Camry

Starting Price: $23,450

Average Fuel Economy: 9.0L/100km

Money invested per year into this car with respect to gas can be calculated with equation:


C = 2475n + 23 450


[C=money invested, n=number of years]


The rate of change ($1540/year) is calculated by dividing (25 000 / 100 ) and multiplying the quotient by the fuel economy rating. This product is then multiplied by the price per liter ($1.10), giving us the estimated cost of gas per year.




For more information regarding the 2015 Toyota Camry, click link below:

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2015 Toyota Camry Hybrid

Starting Price: 28,410

Average Fuel Economy: 5.6L/100km

Money invested per year into this car with respect to gas can be calculated with equation:


C = 1540n + 28 410


[C=money invested, n=number of years]


The rate of change ($1540/year) is calculated by dividing (25 000 / 100 ) and multiplying the quotient by the fuel economy rating. This product is then multiplied by the price per liter ($1.10), giving us the estimated cost of gas per year.


For more information regarding the 2015 Toyota Camry Hybrid, click link below:

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Comparison

This comparison shows an approximate of how much a driver may pay if he/she drives 25,000 km every year and gas prices are always $1.10/L. This is displayed by values in the chart and also visually using a graph.
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Break Even Point

The driver would have invested about the same amount of money for both cars sometime early in the 5th year.

To be exact, we can use the two equations.


=> C=C

=> 2475n + 23450 = 1540n + 28410

=> 2475n - 1540n = 28410 - 23450

= 935n = 4960

=> n = 4960/935

= n = 5.3 (rounded)


So during the March of the 5th year, the driver would have invested about the same amounts of money into each car.

Conclusion

So both of these vehicles can be good choices. If you expect to own your car for less than 5 years and/or drive less than 25,000km a year, the 2015 Toyota Camry is practical. However if you want to keep your car for more than 5 years and/or drive it more that 25,000 km annually, the Toyota Camry Hybrid is an excellent choice. If one expects to drive about 25,000 km a year and own the car for about 5 years, both vehicles are good choices.