Search

x
Join our whatsapp channel for News Updates

Going Hybrid? We might want you to sit down for this

07:36 PM | 7 Jun, 2022
Going Hybrid? We might want you to sit down for this

Yes, we have heard the age old narrative that hybrid cars are economically feasible, eco-friendly, and give better mileage. However,  the fact remains that it is an expensive decision to the point of being an overpriced decision from the word go. The upfront cost of owning a hybrid car is high as it is but maintenance and the upkeep itself can cost you a fortune.

From the outside, it may seem like the more responsible decision to protect our environment, but in reality, it damages our surroundings in more ways than one by using up a large amount of energy and resources. It is a trend that began with a bang but is about to die its long-awaited death.

In a country such as Pakistan, where the majority of our electricity is produced using fossil fuels and imports exceed $70 billion, it isn’t economically and financially feasible for the government to provide duty or tax concessions for expensive technologies such as hybrids, vehicles whose payback is as high as over 7 years or 200,000 km. Take a look at the table below to understand how that happens.

 

Hybrid cars are usually manufactured with the objective of improving fuel efficiency and reducing carbon emissions. The designers and engineers are required to design each part of the car to meet these requirements. This is why hybrid vehicles are fitted with low friction tires and a more efficient air-conditioning system among other things, which add a lot of extra weight to the car. These affect the overall performance of a hybrid vehicle.

Because of the complexity of their engineering and manufacturing, hybrid vehicles are comparatively more expensive than their ICE counterparts. They come with one or more electric motors, a large battery pack, and an enhanced cooling system. All of this added technology in a hybrid car can greatly impact maintenance costs. This can go even higher if the car is involved in an accident and sustains damage.

That’s not all. Hybrid car insurance is $41 more expensive per month than the average car insurance rate in America. This is because of the increased purchasing price of hybrid vehicles, the nature of most hybrid buyers, and the cost of complex hybrid technology.

Hybrid cars work best in warmer climates and are best suited for city-wide usage. You can’t use it for long-distance travel which defeats the entire purpose of covering more distances using less energy. However, with their level of complexity, extra weight, and high price points, it might not be the most feasible purchase to make. For all we know, it is about to become a myth, a thing of the past, really soon.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

Advertisement

Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter