This tax credit is for all EV’s that qualify and includes the Chevy Volt and Nissan Leaf.
Ping.
So, General Electric will once again benefit from being a major Obama donor.
The only flaw in this article is the assumption of saving $3.75 a day.
Electricty is not free; and, I estimate the average charge up to cost $1.50...based on 12-14 kwh, @ 12 cents a charge.
So the ‘savings’ on gas, over a 3 year lease is less than $2,500.
Also, since the Volt costs literally twice as much as a comparable compact, collision insurance coverage will cost more. And, I’m not sure who pays the personal property taxes on a lease...but somebody does...and those will literally be double, in those states with personal property taxes.
Good article. I just don’t want anyone getting the idea this thing will pay for itself in 5 years...it would take over a decade, assuming the battery holds out.
Which leads to another question on these leases - after 36 months, how much value will be left in these cars?
Interest info, http://gm-volt.com/2008/12/30/how-will-air-conditioning-affect-the-chevy-volts-electric-range/
I recently had the chance to ask Frank Weber who is the Volt vehicle line executive.
Would you say running air conditioning at high capacity will reduce your electric range in the Volt?
“It will.”
Can you say how much?
“It is so dependent on the ambient temperature and what your setting is.” (trying to dodge question)
How about maximum A/C on a hot day?
“We haven’t discussed that (publicly).” (oh, really. Why not?)
Will it be less than 40 miles?
“Absolutely. Physics are physics. Its like the electricity bill at your house. The moment you decide to switch the air conditioning on, it is a conscious choice that you will pay for it”
These cars are lemons. Who, in their right mind, would buy one of these abortions?
More insanity