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On Is the Chevy Volt's payback period really 26 years?

From the Times article: "The Volt, which cost nearly $40,000 before a $7,500 federal tax credit." But regardless of how one feels about the subsidy, the point was to compare the end cost for consumers.

April 16, 2012    View Comment    

On Is the Chevy Volt's payback period really 26 years?

That's a really good point, and something I touched on in a post last year (I really don't write that much about the Volt, but sometimes the media narratives get so stupid I can't help myself). Buying a new car is rarely, if ever, a decision that makes purely economic sense - if saving money were the only objective, we'd spend our money on used Corollas or bus passes.

April 13, 2012    View Comment    

On Is the Chevy Volt's payback period really 26 years?

From what I can tell, the Times analysis relied strictly on fuel costs. But GM says the Volt battery is designed to last at least 10 years or 150,000 miles, so it wouldn't be reasonable to assume that the average owner would have to replace a battery within the life of the car any more than we'd assume the have to replace the engine or transmission.

 

April 13, 2012    View Comment