Ford Motor Raises Price of Escape Hybrid Model SUV
Ford Motor Co. (Dearborn, MI) reported that the new Escape Hybrid sport utility vehicle (SUV), with an electric motor to help its engine wring twice as many miles from a gallon of gasoline, will cost at least $3,300 more than a standard Escape SUV. The base model of the 2005 Escape Hybrid, which gets an estimated 35 mpg to 40 mpg, and goes on sale this summer, will be $26,970, or $28,595 for the model equipped with four-wheel drive. Both prices include destination and delivery charges of $590.
The vehicle is Ford's first hybrid gasoline-electric model, and the first hybrid SUV on the market. The manufacturers suggested retail price of the Escape Hybrid will be between $3,300 to $3,425 above the price of a comparably equipped Escape XLT model with a V-6 engine. The Escape Hybrid qualifies for various federal and state incentives, including a "clean fuel vehicles" federal tax deduction of $1,500 for 2004 purchases.