The credit, which buyers must claim when filing their tax return, begins to phase out after the manufacturer produces 200,000 qualifying vehicles.
In the case of leases, the leasing company is eligible to claim the credit. Nissan plans to lease the base model of the Leaf for $349 a month for three years with $1,999 because of delivery. The Volts $350-a-month lease is also for three years, with $2,500 due at delivery.
At those rates, lessees would pay $14,563 over three years for the Leaf and $15,100 for the Volt.
G.M. plans to build 10,000 Volts by the end of 2011 and 30,000 in 2012. The company has said it does not expect to earn a profit from early generations of the vehicle.
Not only would I not buy one of these useless things, I would not accept one as a gift.
No Volt for me. Stupid Idea anyway. Wonder what happens to the power bill when you plug it in.
Let me get this straight. It runs 40 miles, and costs $40k ??? Who, in their right mind, in this economy, would spend that money on that !??
I doubt that it will pull the boat or make it through a Minnesota winter......
Considering the price of electricity I think I’ll just keep my gasoline powered vehicle.
A fool and his money...
Nope, I wouldn’t buy one. I’m going to drive my paid for 2005 Jeep Liberty for as many years as it will hold up and judging by how great a vehicle it’s been so far - I won’t need a new car for many years. :o) (knock on wood).
Even if this thing ran on nothing but air, it would still take 200,000 miles to make up the extra $20,000 it will cost you.
I’ll stick with my 2002 Z-28 convertible.
Would I buy a Volt? The answer is either “No” or “Hell No.”
The Volt is GM’s answer to a stupid question no one has asked.
During the winter time, a battery’s life drops substancially, add to that the power for electical heat - so when the battery is nearly dead during my commute, and I dare to heat my frozen toes - now what?
This does not even consider the world-famous reputation for Low Quality that GM leads the world in. How many of these cars are being sold are defective, with a re-call just a matter of weeks away?
Drive across country in it? I’ve never been to a motel or rest area that had outlets available to the public. I would not want to leave the door cracked overnite at a motel so I could run an extension cord out to the parking lot.
Wouldn’t buy any EV/car where there was even the slightest chance I was going to have to pay to replace the batteries in it, even far down the road Heck, I worry about the cost of the four AGM batteries in my electric scooter ($350).
Not a chance in .... 0bama’s final resting spot.
If I was buying a car right now it would be a Ford Focus at 35MPG starting at around $16,000.
I had a 2010 Focus on rental back in December. The giddy up and maneuverability along with the interior set up was outstanding.
Best car I drove all year.
40 miles wouldn’t even get me to work every day.
Twice as much for the purchase of an electric car, and here in Colorado, we now have two-tier electricity pricing in the summer (anything over bare minimum electricity use is billed at a higher rate), so twice as much to buy the car and twice as much to power the car to go 40 miles at a time. No thanks.
Now we taxpayers not only get to fund 52 year old UAW retirees at 3 grand a month pension and silver plated bennnies, but pay a $7500 subsidy for each one of the cars the UAW members build.