Friday, December 3, 2010

Kia Forte - Last of the Straight-Up "People's Choice" Cars


At the recently held 'Car of the Year Carnival' by Cars, Bikes & Trucks (CBT), the Kia Forte was voted as the "People's Choice" by visitors. This was probably due to the Forte's design appeal and affordability.

A close second was the Hyundai Sonata, which missed winning the award by a small but substantial margin, according to CBT.

I predict that, next year, the "People's Choice" would be a hybrid car.

Why? This is because, in Malaysia, hybrid cars are beginning to be priced at the mid-range car level, if not less.

Yes, the cost of replacement batteries for a hybrid car is a factor to be reckoned with, especially when their replacement price could be about the same as that of replacing an automatic transmission (brand new). Nonetheless, with petrol and diesel prices steadily going up, the ability to cut back on the use of transportation fuel would result in tremendous savings - the hybrid car driver would pay far less for fuel, resulting from driving in the city and suburbs in full-electric mode.

And since the Malaysian Government won't have to dish out higher fuel subsidies (in total) due to reduced fuel consumption, the hybrid car driver enjoys substantial tax breaks, thereby making the hybrid car a value-for-money proposition.

That is to say, as a result of tax breaks given by the Malaysian Government, a hybrid car would cost about as much as its non-hybrid equivalent, if not less.

For example, the Honda Civic Hybrid, which reportedly performs like a Honda Civic 1.8L, is being sold for about RM109,000, which is cheaper than the Honda Civic 1.8L, thanks to the tax breaks provided by the Malaysian Government.

What's more, with the launching of the new Honda Insight Hybrid, prices of hybrid cars could go down even more.

Then there's the Proton Exora Extended Range Electric Vehicle, which is expected to go into production soon. When it does, it might be even cheaper than hybrid cars or cheaper than mid-range cars.

These are exciting times for Malaysian motorists. While the steady increase in oil prices is continuing to put pressure on the cost of living, the standard of living of many Malaysians who rely heavily on private transport can be sustained thanks to the timely affordability of hybrid and electric cars.

2 comments:

  1. KIA...Kill In Action car.

    ReplyDelete
  2. Haaa! Sour grapes.

    Can't even get your grammar right, Anonymous.

    ReplyDelete