While the Volt is more expensive than the Leaf, it also has a gas-powered engine that may add value, depending on the customer. It is also more expensive than other options like a hybrid, but you have to factor in the amount you would be saving on gas. From the research I’ve done, it seems that many people consider the Volt a good deal, but you might have a different definition of a “good deal.”
The MSRP (manufacturer’s suggested retail price) for the Volt is $40,289, with the actual retail price averaging $40,950 according to US News and World Report. This price rivals that of several luxury cars currently on the market. Given that most estimates set the average individual American income at just over $30,000, it seems the Volt is priced well out of the reach of Average Joe, even if you consider what he would save on gas.
In my opinion, the electric car won’t be a truly “good deal” financially until it is priced more in the neighborhood of economy cars (roughly $10,000- $18,000). At this point, you are probably better off buying a sturdy road bike. New ones generally top out around $5,000 and have the obvious benefits of requiring no fuel, producing no emissions, and are a great way to stay in shape.
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