Wednesday, June 10, 2015
The cost of the volt
When the Volt first came out I think Chevy was criticized for the price. Let's face it--no one wanted to pay $40,000 and up for a small Chevy car. You could get a luxury car for that price, right?! I honestly think the actual value of owning an EV was not known at the time. It was just a matter of sticker shock. But Chevy learned the lesson that when something is new and very different you have to sweeten the deal to get people to try it. So they lowered the price. My volt was $31,900 and I will get a $7,500 tax credit for the 2015 tax year and I'll also get incentives from my state including a cash rebate! Oh, and my registration fees will be only 20% of what I paid to register my SUV. There is also a program that will cover 50% of the cost of purchase and installation of a hard wired level 2 charger. Soon, I'll talk about why you MUST get a level 2 charger if you own an EV. Especially if you live in an area where there are few public level 2 chargers available.
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