Jessica Wong
Tue, March 17, 2026 at 10:00 AM EDT 5 min read
Electric and hybrid cars are taking over Consumer Reports’ 2026 Top Picks list for the first time in the list's history (1).
From compact hatchbacks to full-size trucks, CR’s Top Picks all scored high on safety, reliability, performance, and owner satisfaction.
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And being eco-friendly may be trendy, but it’s also a money-smart move. With high car prices, stubbornly expensive insurance, and rising gas costs, choosing the right vehicle can save you money in the long run.
In 2026, getting a good deal on a car isn’t just about the sticker price.
Average new vehicle ownership costs in the U.S. are topping $11,500 a year when you factor in depreciation, fuel, insurance, maintenance, financing and taxes, so the type of vehicle you choose can end up making a big impact on your finances in the long term (2).
That’s where electrified vehicles, including hybrids and EVs, can make a difference. Consumer Reports research shows that considering the total cost of ownership, including fuel savings, lower maintenance expenses and strong resale value, electrified vehicles save consumers $6,000 to $10,000 over the life of the car (3). EV owners can save thousands on fuel alone, and hybrids reduce gasoline spending without making you fully dependent on charging infrastructure (4).
In a Consumer Reports study from 2020, Chris Harto, the organization’s senior policy analyst for transportation and energy, said, "No matter how you look at it, the massive lifetime savings potential of EVs could be a game changer for consumers. As battery prices and technology improve, prices come down, and more attractive models hit the market, it's only going to get better" (3).
Federal and state incentives can add to the savings. For 2026, qualifying EVs could be eligible for a federal tax credit of up to $7,500, and some states offer additional rebates, reduced registration fees, or perks like discounted charging or access to High-Occupancy Vehicle (HOV) lanes (5). These incentives can make hybrids or EVs even more appealing, especially when combined with fuel and maintenance savings.
