As with all economics related to energy, we're not factoring any of the environmental costs in. So a hybrid might cost more, or it might be saving thousands of dollars. Without factoring in things like pollution, and destructive weather caused by climate change it's really hard to know.
On a per car basis, the economic impact due to environmental externalities would be so incomprehensibly small that it is a moot point anyway. Think about it: * Cars are not the only source of C02, they are not even the biggest source of ANTHROPOGENIC CO2. * Hybrids still produce CO2, they just marginally less. * Climate change could have a lot of negative economic impact, but no one really knows for sure. Despite what "The Day after Tomorrow" tried to tell us, climate change doesn't necessarily equate to global super storms. On a global scale, some regions will benefit from additional rainfall and climates conducive to increased agriculture. * Those impacts are not even a given. climate modeling is extremely complex and involves an extreme number of variables. If some others shift unpredictably (and they will) it could negate or exacerbate warming in ways that make your extra 10MPG kinda seem pointless. For example, a minor change in solar output or volcanic activity over a prolonged period of time. Given the uncertainty, you'd need to assign a % probability to the costs of various scenarios in your model and certainly wouldn't assign 100% of any future climate externalities to the cost of a car. * Depending on who you ask, the major costs of climate change are probably around 100 years out. $1 spent on a car today is very likely going to be a heck of a lot more valuable than $1 in property damage from a hurricane in 2110. This all ignores the reality that the cost/benefit calculation of the original article is based on a consumer buying a car today, who will very unlikely be around to incur the cost of climate change, if there even is a measurable amount of cost.
There's a reason that gas cars are cheaper. The oil companies are not stupid. They know the price point at which alternative fuels become competitive with gas and they keep the price a little below that. The price of oil is not high enough for anything else to compete....and it'll stay that way barring government interference. It's good for oil companies, they're rolling in the dough. It's good for consumers, gas is cheap and plentiful. It's good for politicians, their voters are happy with them. When glitches happen to the fuel supply and price drives high then all sorts of alternative power supply comes out of the woodwork. The price never stays high for long though. No one wants expensive fuel.
Dragging out the tired old oil company conspiracy again huh? So the car companies co-operate with this evil plan despite an overwhelming demand for a product that they could profitably sell, to prop up another industry? I suppose that works under the assumption that all big companies are evil, and thus colluding to screw the planet like some evil super-villain alliance. In the real world, I severely doubt that type of cartel-esque arrangement would hold up long. Forgive me, but I only see the Quid, but the pro quo seems to be missing in that arrangement. Gas never stays expensive long because it is still extremely plentiful, and so far the most efficient way to produce mechanical energy for mass consumption.
BYTE editors are people who separate the wheat from the chaff, and then carefully print the chaff.