Almost every car brands are offering sort form of electrification of their lineups nowadays and I'm trying to understand the pros and cons. The hybrid or PHEV version specifically almost always come at a premium price. Just an FYI this doesn't include full EV as I believe the differences comparing to regular cars are quite significant. (i.e. handling, charging stations, range…etc)
The number one argument I often see in car reviews or forums that's against buying a hybrid/PHEV is that "It'll take years to cover the cost premium since the fuel savings aren't that great. Unless you travel lots of kms each year, it's not worth it".
I'm baffled by this argument. My question is: since you're already paying a premium when you purchase the car. Assuming both cars depreciate at the same rate, wouldn't you technically be able to sell it at a higher price too, if you were to sell it say after 5 - 7 years? Therefore the fuel savings that you receive are actually the additional benefit for driving a more fuel efficient car? Even if you weren't going to sell it and want to drive it to the ground, over extremely long period you should also be able to recover the cost of the premium?
I've found that there are no significant price difference between servicing a standard petrol/diesel engine car compare to hybrid/PHEV cars.
The only other con that I can think of is: when there are more parts in the car, there's always a higher probability of something goes wrong or fail which is fair enough. I also notice that the regenerative braking in some of these hybrid cars can feel a bit jerky at times and therefore are not as smooth.
What are the other pros or cons that people can think of? Given that heaps of new cars coming in 2021 are gonna be electrified I hope this will be a useful discussion for many new potential car buyers.
Thanks for everyone's input in advance. Cheers!