If it came down 10k I would go for it.
I agree with the common sentiment here...it was too expensive. I travel an average of 2 miles to work and back (ok, 1 mile to the park and ride for the bus, then 1 mile back to my house), so I am very interested in electric cars. The Volt is nice because you can go to the grocery store, do some extra errands, and go home without any worries at all.
But the price...wow.
I knew as soon as they announced the price that it had no chance.
Except it isn't new technology. Toyota has been making the Prius since 1997 and is on the third generation. One of the advantages of coming late to the party is avoiding the cost mistakes of pioneers, allowing you to make a superior product at a lower cost. Instead, Government Motors made an arguably inferior product at a much higher price.Members of a technical forum should be shocked that new technology/early adopters have it expensive before it gradually drops in price.
Very good analysis.I'll give GM some credit because the volt does have some pretty neat technology. However, the fact that people always miss is that there are diminishing returns to improving mileage. For example, a car that gets 20mpg will cost you $2400 a year in gas (@$4/gal) if you drive 12k a year. A 30mpg car will cost you $1600, and a 40mpg will cost you $1200. Considering that there a number of very good ICE cars that get over 30mpg, mileage just isn't that big of a factor once you reach that threshold.
I do understand the appeal of these plugin and series hybrids if you mostly make short trips but the most you can possibly save under optimal conditions is around $1000/year once you factor in the cost of electricity.
Yep, you save more money going from 25 mpg to 50 mpg than you do going from 50 mpg to 1000 mpg 🙂I'll give GM some credit because the volt does have some pretty neat technology. However, the fact that people always miss is that there are diminishing returns to improving mileage. For example, a car that gets 20mpg will cost you $2400 a year in gas (@$4/gal) if you drive 12k a year. A 30mpg car will cost you $1600, and a 40mpg will cost you $1200. Considering that there a number of very good ICE cars that get over 30mpg, mileage just isn't that big of a factor once you reach that threshold.
I do understand the appeal of these plugin and series hybrids if you mostly make short trips but the most you can possibly save under optimal conditions is around $1000/year once you factor in the cost of electricity.
Yep, you save more money going from 25 mpg to 50 mpg than you do going from 50 mpg to 1000 mpg 🙂