There is a point that I love to repeat, yet few car owners listen (even present Volt owners), and that point is "much cheaper to run". I include maintenence cost in that point. Some complain about prices up front, such as the Volt, with a MSRP of $35,000 now (and with no tax rebate), is too "expensive". But they forget that in ten years that Volt will be as good as a two-year old ICE because the range extender is used much less (up to 80% less), and the motor wear is negligleble (the 100,000 mile Volt is proof). So I see the purchase as an investment to long term transportation, while the purchase of an ICE vehicle is a loss since it depreciates the moment it leaves the dealer.
New technology cost money, so the initial prices for EVs will be much higher than expected. My experiences has proven this, as my first PC (a Radio Shack TRS-80 Model III) cost me $900 in 1979 yet it had a monochrome screen, 16 kB of RAM, and a cassette interface for programs (no disk or even a floppy). My first VCR cost me $549 also in 1979 yet I bought a used one for just $30 last year (I still have VHS tapes). EVen my first color TV was a 19-inch Magnavox CRT for $400 in 1981, and now for $400 I can get a LCD 55-inch Vizio with many wireless features. This same situation may have happened to many others and with different items including smartphones, laptops, and tablets.
The best part? I learned from all these devices and enjoyed them FULLY until they were replaced (I still have the TRS-80 Model III), and was able to buy a much better version for less. So this is waht will happen to the first EV buyers, including the first Volt buyers who paid over $40,000 each. The newer Volt may cost $35,000 but will have better features and last even longer, yet some here still complain about that price?
If the public wants new technology they have to pay for it. If they expect the new Volt to drop in price, they will be either frustrated or left behind. GM will take in their profit first, and if this new Volt is successful, GM can drop prices much later, probably by 2020. But not now when it was just announced!
Low gas prices will not help lower prices on the new EVs, just delay their purchasing. The competition of more EV producers is what will lower prices, and hgh gas prices is what will achieve that. So the potential EV buyer will not think about vehicle prices, but more on gas prices. And when gas prices do climb, the first EV owners will get the most benefit of their initial investments and enjoy them the most.
Last edited by Raymondjram; 6 Days Ago at 09:01 PM.
No Volt or Bolt yet
2009 Chevrolet Equinox 2LT
1995 Buick Regal Limited sedan
Level 2 JuiceBox EVSE installed at 7.2 kW
Registered EVSE at PlugShare