Plug-in hybrid electric vehicles (PHEVs) are growing in popularity among those seeking a balance between traditional combustion engines and innovative electric power. However, experts caution that buying a brand-new PHEV might not be the wisest investment.
One significant issue with PHEVs is their reliance on regular charging to function optimally. Many owners neglect to charge their hybrid batteries as frequently as needed. This results in the gasoline engine shouldering most of the workload, undermining the car’s fuel efficiency and environmental benefits.
Over time, the running costs of a PHEV can exceed those of a standard petrol-powered vehicle. Moreover, inconsistent charging can lead to mechanical problems, with potentially expensive repair bills.
Experts suggest delaying the purchase of new PHEVs, as they tend to have a hefty price tag and steep depreciation rates. In just a few years, these vehicles can lose up to half of their original value, making them a less appealing choice for budget-conscious buyers.
If you’re considering a hybrid vehicle, weigh the long-term costs and consider waiting for improvements in the technology or opting for a well-maintained used model instead.
