Published on July 3rd, 2013 | by Nicholas Brown
Study: Diesel Vehicles Have Lower Cost Of Ownership Than Gas Vehicles
A study conducted by the University of Michigan Transportation Research Institute has shown that over a lifetime of ownership, diesel-fueled vehicles tend to have a lower cost of ownership than conventional gasoline-fueled vehicles.
Owners of diesel-powered vehicles saved $2,000 to $6,000 after just three to five years of ownership, making up most if not all of the price premium many diesel vehicles carry. In fact, that extra cost is even factored into the study. The study is titled: “Total Cost of Ownership: A Gas Versus Diesel Comparison”, and it was conducted for Robert Bosch LLC.
The results of the study were released at the 2013 Alternative Clean Transportation Expo in Washington D.C., and come to the following conclusion.
“Overall, the results of our analyses show that diesel vehicles provide owners with a TCO (total cost of ownership) that is less than that of the gas versions of the same vehicles. The estimates of savings for three and five years of ownership vary from a low of $67 in three years to a high of $15,619 in five years, but most of the savings are in the $2,000 to $6,000 range, which also include the extra cost that is usually added to the diesel version of a vehicle.”
Some people are understandably concerned that diesel-powered vehicles won’t save much money, if any due to high diesel prices. With cars like the Chevy Cruze Diesel carrying a $6,000 premium over a comparable gas model, it is understandable that some people are skeptical of diesel cars. Then again, a diesel-powered Volkswagen Passat TDI just accomplished nearly 78 mpg on an 8,000 mile, cross country trip, something your average gas-powered car can only dream of. No wonder diesel sales are up.
Yhanks to superior fuel economy and lower maintenance costs, diesel vehicles can prove to be real money-savers, especially for anyone who does a lot of driving, and this study backs up what diesel owners have known for decades.
Source: Autoblog Green