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Why do I say almost? Let’s do the math. Initial sticker-price estimates are $40,000; assume it’ll be a bit more than that, then deduct $7,500 for the federal tax credit you’ll get for buying one. Let’s say that leaves us with a cost of $35,000. Figure a new car with standard fuel efficiency will get 20 mpg and run you $18,000. Now assume gas prices of $3 per gallon. Buying the cheaper car will save you enough money to afford 5,667 gallons of gas, which, at 20 mpg, means it would be a better deal than the Volt for the first … 113,000 miles.
Then you have to factor in the cost of maintenance, those batteries are expensive, and I'm guessing that the Volt won't have the same kind of warranty that gas cars do. And, to get anything done to it, you'll have to take it to a dealer because your friendly neighborhood mechanic won't have any idea on how to fix your battery powered 'appliance'.Originally Posted by HoursHore
From Hotair.comWhy do I say almost? Let’s do the math. Initial sticker-price estimates are $40,000; assume it’ll be a bit more than that, then deduct $7,500 for the federal tax credit you’ll get for buying one. Let’s say that leaves us with a cost of $35,000. Figure a new car with standard fuel efficiency will get 20 mpg and run you $18,000. Now assume gas prices of $3 per gallon. Buying the cheaper car will save you enough money to afford 5,667 gallons of gas, which, at 20 mpg, means it would be a better deal than the Volt for the first … 113,000 miles.