Thinking about buying electric car?

Too rich for your blood? Or the right move at the right price?

GM is pricing its new electric car, the Chevy Volt, at $41,000. But wait a minute before you say, “No way.”

While the Volt costs $8,000 more than the base price of Nissan’s Leaf electric hatchback, GM is matching the $349-per-month lease deal that Nissan is offering on its car, Associated Press is reporting.

And Nissan countered by matching the Volt’s eight-year, 100,000-mile battery warranty, AP writes.

What’s more, you don’t pay for gas. General Motors said it would cost about $1.50 worth of electricity to fully recharge the Volt each night, AP reports.

For those who buy the Leaf or Volt, the two cars also are eligible for a federal tax credit that will cut their prices by $7,500. The Volt’s price would fall to $33,500, while the Leaf’s would drop to $25,280, AP reports. Some states, including Georgia, offer additional tax breaks that will lower the price further.

Interested? Still too expensive? Good way to go for the environment and to reduce our oil dependency? What do you think?

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27 comments Add your comment

nativeson71

July 28th, 2010
8:06 am

Interested ..yes.
Affordable …not really.
I can afford a 20,000 dollare brand new Honda…including ‘cost of ownership.’ I can not afford a $25,000 dollar car…
Who are they building these cars ‘for?’
Who is their target market/customer profile?

Road Scholar

July 28th, 2010
8:34 am

Is it so expensive due to the length of the extension cord needed for it to operate?

shaggy

July 28th, 2010
8:36 am

It will be interesting to see what happens after 100,000 miles and the expensive batteries, that qualify as hazardous waste, go dead. Plus, I can just imagine the problems associated with breaking down somewhere that is not familiar to the driver or near a dealer. Earl the Mechanic: “I ain’t ne’er heared or see’ed this, ‘cept on one o’ dem radio shack cars”

Dave

July 28th, 2010
9:17 am

There is a definite consumer driven green movement erupting with the main goal of saving resources and saving money. In addition to electric powered cars, people are constantly abuzz about alternative sources of energy like wind, geothermal, and most of all solar.

Solar is a great idea to save $ on energy costs…. if you can afford it.

Another great option (and more affordable) is to consider changing your roof. A roof can be the leading cause of temperature absorption on a home.

There is a great company located here in metro Atl called Energy Roofing Systems that offers an energy efficient Energy Star rated metal roof that is also tax credit eligible. Their roof is designed to reduce the overall temperature of your home, thereby requiring you to use less a/c, which results in a cheaper energy bill by 30-40%. Best of all, it is made from 100% recyclable metal which is installed ON TOP of existing shingles, keeping them our of our landfills and waterways.

Their website is http://www.energyroofingsystems.net for more information.

The Economy

July 28th, 2010
9:25 am

Everyone better get used to this GREEN movememnt, or start liking the idea of OIL coated beaches,lakes,streams,marshes,forest, and calling your boss Prince Abdul I Own American Bidloden.

common sense

July 28th, 2010
10:30 am

yes, the cars are priced just outside the average consumer’s price range. the tax credits help, although maybe not enough to get these cars into the mainstream or mass consumer markets. but, like with any new tech, the more generations of the product that go by and the more efficient manufacturing batteries becomes, prices will come down. the more consumer demand there is, the harder the industry will try to make this technology affordable for everyone. even if you’re not doing this to be “green”, reducing dependence on oil has to be a national defense priority, considering where a lot of our oil comes from.

Natural Power Specialists

July 28th, 2010
10:42 am

When the first car was produced it was way too expensive for the average family. The government subsidized the auto industry directly for 20 years. They still do (gasoline tax). The first cars were unreliable, slow and inefficient. To go up a hill it had to be done in reverse as first gear was not strong enough. But as oil was drilled and refined, our system was built around it – filling stations on every corner. Technology has not yet made its impact on EV’s – but when it does, watch out.

There will be battery exchange stations on every corner (google “Better Place”). There will be wireless induction chargers that will charge your battery as you drive. The technology for that has been around for over 100 years. Range will be comparable to gas vehicle and you will charge at home or work or Costco in the same time it takes to fill your gas tank.

The corporate and political interests in oil are DEEP. It will take time for this to occur – but believe it.

I would own an electric car today – and will in fact get one in the next couple of years as we become empty nesters and not chauffeurs for my children!

Turkey Slayer

July 28th, 2010
10:50 am

That all sounds pretty good to me but,,,,,,,Where does the electricity come from? Coal? Whats clean about coal?

P F

July 28th, 2010
10:50 am

Wait a minute. The Spark (I mean Volt) is not even a true electric car. It is a hybrid. And, it only gets 40 miles on a charge before the moped engine kicks in for another 300 mile range. 40 mile charge won’t get me to work and home and my boss ain’t gonna let me recharge. But the Leaf gets 100 miles on one charge, though it takes twice as long, and it is a true electric car. Isn’t this what US car mfg’s are suppose to be striving for? Plus, it costs 8k less? Seems ‘Gov’t Motors’ have shown why they are going the to the way side like the horse and buggy. If I had a choice, it would be the Leaf. IF I go electric, I’ll go all the way, not half/a–.

Natural Power Specialists

July 28th, 2010
10:56 am

Ideally, the power would come from renewwables; wind, solar or others. Certain states have enough alternative energy in place that the power produced could be routed to charging stations etc…We believe alternative energy plants will be developed specifically for this purpose. The cost of power will stay level (other than maint costs) over 20 years, as opposed to GAS which always rises.

Even if you EV is charged by conventional fossil fuel produced sources, you are still emitting zero pollution, saving trees etc…AND saving lot’s of money with the cost per mile EV being 20-30% the cost of fuel driven.

Just a thought

July 28th, 2010
11:00 am

I mean both cars are a great idea. Lets say you spend $40-$50 a week on gas. YOu would save that much at least towards the car payment itself.

JeffyW

July 28th, 2010
11:01 am

349 a month? Heck I already pay that in GM bailout taxes from that POS in the Whitehouse. He ought to give me one.

John

July 28th, 2010
11:01 am

Lets see how long it takes some retard to repeat that false study that a hummer is more environmentally friendly than a Prius.

Electric cars are the future and I would love to have one. When the Tesla S comes out, many people who scoff at the idea of electric cars will be converted hopefully.

David S

July 28th, 2010
11:27 am

First, it is completely inappropriate to take tax money from one person to subsidize the spending of another. Yes, that is the foundation of how our government works, but it is still immoral and wrong. If these products can’t stand on their own, then let them fail.

As for me, I want to know what the battery life is on these. What is the cost for replacement? What will battery disposal cost? What will be the environmental impact of that? And why isn’t a home solar recharging system a part of the deal. If you really want to be environmental, make an impact on the energy source too.

Sounds like a great car for rich folks to spend their money on so that more R&D info can be generated and improvements made. Once the bugs are worked out and the price comes down to earth, maybe. I am not wealhty enough to help Nissan with their R&D. As for Government Motors, they already have enough of my money courtesy of Mr. Obama. They can go screw themselves if they every think I will buy one of their cars.

Speed Racer

July 28th, 2010
11:27 am

Don’t forget: ALL vehicles have some type of emission. EV’s require more electricity thus more electric plants which means more coal, more dams on rivers, or more nuclear. And then one day they will “emit” old batteries. I’m for exploring various means of propulsion but don’t think EV’s are the environmental end-all be-all.

Pazzo

July 28th, 2010
11:30 am

Just like any technology you will have early adopters that can afford the price, hassles, and benefits of that technology. My opinion is that the price is definitely out of the range of most consumers. Those that can afford it need think of it as more than buying a new car. It is new way of life.
If the car companies see that there is a market for electric cars (Leaf, and Tesla) beyond hybrids (Prius, Volt) then there will be more investment, technology will improve, and costs will decline just like any other products (similar to home electronics). This will make electric cars more affordable for everyone.
Just think, once you get your electric vehicle you can then begin to think about how to reduce your power costs at home. Maybe it leads to adding solar panel shingles to your house? Again, expensive now, but with strong early adoption – costs will decrease. I like the trend that this innovation can potentially spark. Great chance it adds jobs too! If we can produce a superior product the global markets will be calling.

RG

July 28th, 2010
11:36 am

$25k is a car for rich folks?!? I knew folks in GA were broke, but this is extreme, isn’t it?

Also let’s not forget that the $200 billion or so we spend each year in Iraq, Afghanistan, and the broader Middle East wouldn’t be strategic if we didn’t need oil at all.

Finally, folks complaining that Generation 1 of modern electric cars aren’t perfect: did you wait until now to get on the Internet, or did you use it a few years ago when it still sucked (dial-up, slow, poor graphics, etc.)? Did you ever use a mobile phone before it had texting, email, voice mail, Internet? These things improve, and the cars will be no different.

Oil is over. You can only decide whether you want to be a part of the problem (tarballs) or the solution (electric).

Junior Samples

July 28th, 2010
11:38 am

David,

By your definition, tithing is immoral too.

RG

July 28th, 2010
11:41 am

Forgot to include the Volt pricing. Seriously, are people really saying that cars that cost $25k and $33k are for rich people?!? Heck, the Mustang starts at $22k!

What about SUVs? They must be strictly for millionaires.

Personally, I think people who spend $50/week on gas are rich — certainly rich enough to throw money away!

John

July 28th, 2010
12:03 pm

Junior, tithing is by choice…

RG

July 28th, 2010
12:18 pm

John –

So is government of the people. That’s why we had that whole Revolution thing.

Natural Power Specialists

July 28th, 2010
1:29 pm

“Finally, folks complaining that Generation 1 of modern electric cars aren’t perfect: did you wait until now to get on the Internet, or did you use it a few years ago when it still sucked (dial-up, slow, poor graphics, etc.)? Did you ever use a mobile phone before it had texting, email, voice mail, Internet? These things improve, and the cars will be no different. ”

Amen RG – my point exactly.

John

July 28th, 2010
1:32 pm

You choose to give a tithe. The government takes taxes.

A.S.Mathew

July 28th, 2010
4:34 pm

Even though it is high priced, the overall advantages are greater as a second car for shorter
trip. It will reduce pollution, less expensive to operate and less dependency on foreign oil.
One day, we all will be forced to own an electric car because the oil producing countries on
many occasions intimidated and kept us hostages. Can we imgagine the billions of dollars
being kept in the U.S. economy for our growth by driving electric cars!

Chris Hrubesh

July 29th, 2010
6:53 am

I am really disappointed that none of the articles in the AJC talking about the Volt and Leaf mention the $5000 GA Tax incentive and the fact that EVs can use the HOV lane with only one passenger. Between the Federal and State Tax rebates, these cars make economic sense. Mr. Unger and the AJC, please do your readers a service and write more about EVs in Georgia. Oh yeah, when is GM going to be selling the Volt in Georgia? You’ve got some work to do my man.

nativeson71

July 29th, 2010
8:15 am

@ Chris – WOW – you should be a reporter for the AJC – well done and sharing additional information on the subject. (serious)

Car Man

July 30th, 2010
8:42 am

$41,000 for a mediocre electric GM car?? YES!!!!! Where I can I buy one of these—it sounds like a great deal!!! The UAW needs some more money to pad their pensions—so I need to “buy american!”