The Obama Chevy Volt is so expensive hardly anyone will buy one. Obama made a big deal about the car as the future. It should be made in China, shipped to the USA, and sold for 1/3 the price. But the Obama bailout money dictated the car be made in the USA, and so it has failed.
If you're thinking about buying a fuel-efficient hybrid, electric or otherwise eco-friendly vehicle as a way to save money over time, do your homework — or be prepared to wait.
Buyers who choose Nissan's all-electric Leaf ($28,421) over its approximate gas-powered equivalent, Nissan's Versa ($18,640), will likely wait nearly 9 years until they break even, according to a new report by The New York Times that examines the cost of fuel efficiency.
For drivers of the Chevrolet Volt ($31,767), the wait is even longer— 26.6 years.
A few vehicles begin paying off relatively soon after leaving the dealership. Two hybrids— Toyota's Prius ($23,537) and Lincoln's MKZ ($33,887)— as well as Volkswagen's diesel-powered Jetta TDI ($25,242) all take less than two years before they start saving their owners money.
Check out this chart by the Times that breaks down the savings delay for many popular fuel-efficient models.
The high price tag of many fuel-efficient vehicles — including the Nissan Leaf, which will soon be made in Smyrna, Tenn. — is one reason consumers have yet to embrace them with open arms.
Copyright 1999-2018 | AutoRacing1 is an
independent internet online publication and is not affiliated with, sponsored by, or endorsed
by IndyCar, NASCAR, FIA, or any series sponsor.
This material may not be published, broadcast, or redistributed without