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Old 09-04-2008, 02:27 PM   #7 (permalink)
crooner214
2.8 Liter Turbocharged V6
 
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Join Date: Jun 2005
Location: Seattle
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Re: 2011 Chevy Volt: Can GM get it done?

Quote:
Originally Posted by zete View Post
Interesting article. Thanks for posting it!

Also interesting, operating costs for the Volt at $0.02, which translates into $200/year vs. a 30mpg car's cost of $1300. Across the full 10 year battery warranty, and assuming 100,000 miles (160,000 kms) the Volt would cost $3200 vs. $20,800. That's an appreciable difference. Even across 6 years you'd end up saving $6,600 vs. a 30mpg car.

Is that sufficient to erase the initial premium the Volt will command? Across 10 years, it just might, especially with government credits.
It does look very promising, but I don't know anyone who buys new cars anymore that keep them for 10 years. Especially cars priced over 30k. That being said, even the savings over 6 years is impressive. If the 30mpg car you're buying is half the price of a Volt, though, is it still worth it? I guess it is going to come down to the price of the car.
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