Save Money on Fuel Costs in Illinois With a Honda Accord Hybrid Vs. A Gas-Powered Model

Published: 03-24-2023

Honda Dealers Blog Post

Save Money on Fuel Costs in Illinois With a Honda Accord Hybrid Vs. A Gas-Powered Model

One of the most significant considerations when owning a car is fuel cost. With gas prices constantly fluctuating, choosing a vehicle that can help you save money in the long run, is essential. That's where hybrid cars come in. Hybrid vehicles use a combination of an electric motor and a traditional gas engine to provide better fuel efficiency, which means you'll spend less money at the pump. In this blog post, we'll compare the cost of owning a Honda Accord Hybrid to its gas-powered counterpart to see how much money you could save.

The Honda Accord Hybrid is a popular midsize sedan that combines style, comfort, and efficiency. It has a 2.0-liter four-cylinder engine paired with an electric motor that produces 212 horsepower. The hybrid powertrain is paired with a continuously variable automatic transmission (CVT) and has an estimated fuel economy rating of 44 miles per gallon in combined city/highway driving*.

On the other hand, the gas-powered Honda Accord has a 1.5-liter four-cylinder engine that produces 192 horsepower. It is also paired with a CVT and has an estimated fuel economy rating of 32 miles per gallon in combined city/highway driving*.

Now, let's compare the costs of owning these two vehicles.

Purchase Price:

The base price of the 2023 Honda Accord Hybrid is $31,895**, while the base price of the gas-powered Honda Accord is $27,295**. The hybrid version is about $4,600 more expensive, but it has more standard features such as remote start, dual-zone automatic climate control, and a power-adjustable driver's seat.

Fuel Costs:

Assuming an average gas price of $3.00 per gallon and driving 15,000 miles per year, the hybrid version would save you approximately $550 per year in fuel costs compared to the gas-powered Accord. Over five years, that would be a savings of $2,750.

Maintenance Costs:

According to Kelley Blue Book, the maintenance cost for the Honda Accord Hybrid is about the same as the gas-powered Accord. However, the hybrid version does come with an 8-year/100,000-mile warranty on the battery, which could save you money in the long run.

Resale Value:

Finally, let's look at the resale value of these two vehicles. According to Kelley Blue Book, the Honda Accord Hybrid retains about 51% of its value after five years, while the gas-powered Accord maintains about 47%. This means the hybrid version would have a higher resale value, potentially saving you money when selling or trading in your car.

Overall, while the Honda Accord Hybrid may have a higher purchase price, it can save you money in the long run with its better fuel efficiency, potential savings on battery maintenance, and higher resale value. Plus, with the added features that come standard on the hybrid version, the extra cost is worth it for the added comfort and convenience. If you have any questions or want to test drive the new Honda Accord Hybrid, visit your local Central Illinois Honda Dealers in Peoria, Springfield, Champaign, and nearby Honda dealerships.

*29 city/37 highway/32 combined mpg rating for LX and EX. 51 city/44 highway/48 combined mpg rating for EX-L Hybrid. 46 city/41 highway/44 combined mpg rating for Sport Hybrid, Sport-L Hybrid, and Touring Hybrid. Based on 2023 EPA mileage ratings. Use for comparison purposes only. Your mileage will vary depending on how you drive and maintain your vehicle, driving conditions, battery-pack age/condition, and other factors.

**MSRP excluding tax, license, registration, $1,095 destination charge, and accessories. Dealer prices may vary. MSRP does not include $455 premium color charge for vehicles.

Posted in: Honda Models