That seems like a lot of money to pay for a PHEV. How long is the payback period?
Right now, the payback period for this specially retrofitted PHEV is long (approximately 6 to 8 years compared to a traditional gasoline powered car). When PHEVs start to become mass produced and the battery cost is lowered, the payback period will be shortened. If the price of gas remains high and tax credits are granted for the purchase of these PHEVs, then the payback period will be reduced even further. The type of driving (in-city vs. highway) and the amount of miles traveled during a typical commute and yearly must be considered in any payback calculation.
