Tom Drennen, associate professor of economics, was featured in the July 12 issue of American Medical News in the article “Experts examine value of buying a hybrid car.” Drennen is on a waiting list to get a Toyota Prius hybrid car.
“I think it's the right thing to do for the environment. I think global climate change is a real issue, and it bothers me to be driving a car that's spewing carbon dioxide and other pollutants into the air,” he said.
Drennen compared Honda's traditional Civic model and its hybrid Civic. He said there was a $3,000 difference in initial cost. He found that the fuel savings for the hybrid over the standard Civic was about $220 per year assuming $2 per gallon and driving 12,000 miles per year.
“From an economic standpoint, it would take over 10 years to pay for the difference and recoup your money in fuel savings. The average person does not want to wait 10 years,” he said.