Ping.
volt = dolt
When the battery goes it will cost you double or triple what the car is worth to replace it.
0 in a Volt?! Har! We’ll sooner see Hitler on a Segway!
I have but one burnin desire,Let me stand next to your fire
Cluster Motors.
The Chevy Volt fiasco has been one more example of how government should not intrude upon industry and free markets.GM's love affair with the Volt is just one part of a larger problem.
From wikipedia.org:
On July 29, 2011, President Obama announced an agreement with thirteen large automakers to increase fuel economy to 54.5 miles per gallon for cars and light-duty trucks by model year 2025.
Holy depreciation, Batman!
Well, I know that defending the Volt on Free Republic might be like nailing jello to a tree but there are a few facts that NLPC glossed over in this article in order to arrive at the 65% loss-of-value figure.
First of all, that figure does not include the fact that the 2014 Volt’s price was dropped to $35k whereas the previous years were $40k. Any time a new model’s price drops, all the older models’ resale value drops along with it. (For example, if you buy a widescreen TV for $3,000 and then the next day it goes on sale for $2,000, good luck trying to sell it to your neighbor for $2,500.)
Secondly, and more importantly, the figure does not include the $7,500 tax rebate that anyone can get when they buy a new Volt. So to get the true cost for a new Volt you have to take the MSRP and subtract $7,500. That is the number that you can then compare to the used value in order to calculate the true “loss-of-value” percentage. So if you pay full MSRP for a new Volt then your true cost will be $35,000 minus $7,500 which is $27,500.
Using that value you get 46% for your loss-of-value figure, which is pretty good by industry standards. In fact, back in 2012, Kelly Blue Book rated the Chevy Volt as the “Best Electric Car” in its 2012 Best Resale Value Awards. Granted, the Volt didn’t have much competition back then.
@tanknetter, you might not have much success limiting your teenager’s range with a Volt. It gets 38 miles on battery power and then when the battery runs out it switches automatically to gasoline. It basically turns into a normal car whenever the battery runs out. It does it automatically and you might not even notice the switch while you are driving.
Being sentenced to drive one of these for the rest of his life is the least he deserves.
The Nissan Leaf is very popular around Atlanta. 2 year leases are very common, as between state tax credit and gas savings the car is practically free. In 2 years, like the lead article notes, there will be a glut of used ZEVs that nobody will want because technology will have improved and eventual battery replacement cost will be around $14000. Oddly, might be a great time to buy one! The Leaf is a good fun car if it’s limited range matches your lifestyle (does mine).