Chevy Volt to get 230 MPG

[tuckevalastin]

Originally Posted by TLyttle

Yeah, and one better be saving ALL their gas money up for a replacement battery when (not if) it fails: twenty-five grand, last I heard...

With a battery life of >10 years, 150,000 miles I expect that most people would trade the car in for a newer model as opposed to buying a replacement battery.

[coffiend]

Originally Posted by tuckevalastin

With a battery life of >10 years, 150,000 miles I expect that most people would trade the car in for a newer model as opposed to buying a replacement battery.

So assuming the battery lif is about 10 years... And IF a new battery is as expensive as said before, wouldn't this absolutely DESTROY a resale / trade in value? Nobody is going to want to buy a used car and immediately drop the cost of entirely new vehicle into it?

If sonething doesn't change are we gonna see these things piling up in junk yards 10 yrs from now?

[tuckevalastin]

Originally Posted by coffiend

So assuming the battery lif is about 10 years... And IF a new battery is as expensive as said before, wouldn't this absolutely DESTROY a resale / trade in value? Nobody is going to want to buy a used car and immediately drop the cost of entirely new vehicle into it?

If sonething doesn't change are we gonna see these things piling up in junk yards 10 yrs from now?

I'd imagine the resale value of the Volt will be directly related to the cost of batteries at that time. However, I find it hard to believe that a battery would cost nearly as much in 10 years. And from what I have seen the real cost of the battery is more like $5-10K not $25K. If it were $25K I find it hard to believe that GM could build a full midsize sedan around it with a gas engine and still make a profit for only $15K more.