FWIW, I did a back of the Excel trade study, assuming 15,000 miles driving a year and a 10 year economic life, cost of money at 6%, comparing the Prius and Corolla. The break-even point is gasoline at $6.00 per gallon. Your mileage may vary.
The selling point in the Prius is the feeling of membership in a club, the “social desirability bias” factor. NTTAWWT.
“FWIW, I did a back of the Excel trade study, assuming 15,000 miles driving a year and a 10 year economic life, cost of money at 6%, comparing the Prius and Corolla. The break-even point is gasoline at $6.00 per gallon. “
That’s about right since a Toyota Corolla, which is a better driving car than a Prius, can be had for $7,000 less than a Prius. That’s a lot of gas (about 75,000 miles).
Looks like most any crackerjack box.