Kelley Blue Book Says 2012 Chevy Volt is Cheaper to Own Than Nissan LEAF
The 2012 Chevrolet Volt costs a lofty $39,995, but according to Kelley Blue Book (KBB), it’s still the 2012 Total Cost of Ownership award winner in the Electric Car category.
Despite its lower price tag, at $35,200 for the base-level SV trim, the 2012 Nissan LEAF was trumped by the Chevy Volt in KBB inaugural cost of ownership analysis. According to KBB, the 2012 Volt’s expected five-year ownerships costs ring in at $40,629, compared to $42,089 for the 2012 LEAF.
“Notable wins include the Chevrolet Volt, which was neck and neck with the Nissan LEAF. The Volt’s slightly lower maintenance and insurance costs gives it the competitive advantage, making it the 2012 Total Cost of Ownership Award winner in the Electric Car category. The Chevrolet Volt has a five-year ownership cost expected to total $40,629, while the Nissan LEAF’s five-year expected total is $42,089 with all key costs to own a vehicle considered.” - Kelley Blue Book
KBB didn’t disclose exact details on how it calculated ownership costs, including how it determined what percentage of the Volt’s miles were powered by electricity. Without this vital info, it’s difficult to assess the legitimacy and context for KBB’s results.
It will be interesting to note how other future pure electric cars introduced into the market stack up against upcoming plug-in hybrids in future KBB cost-of-ownership studies.
Read More / Source : Plug In Cars