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The Volt “Not Cost Effective In Any Scenario”
An article in Bloomberg gives GM a bit of bad news: The Chevy Volt, the company’s savior-in-waiting, isn’t worth it.
According to a study out of Pittsburgh’s Carnegie Mellon University and headed for publication in the journal Energy Policy, an extended range EV like the Volt is “not cost effective in any scenario” and although the 40 mile electric range may manage the driver’s commute, when all is said and done the consumer “will never be repaid in fuel savings.”
The study doesn’t mention the Volt by name.
The chief problem is the weight and cost of the Volt’s battery, which adds 400 pounds to vehicle weight and $16,000 to sticker price. The study argues that extended range vehicles with lighter, less expensive battery packs that have a range of no more than 10 miles, or conventional hybrids, “may provide the best mix of price, faster charge times and efficiency.”
To make matters worse, KG Duleep of Energy & Environmental Analysis doesn’t think heavy battery packs hold much long-term promise, saying that in lab tests “they aren’t lasting more than 7 years.”
The Carnegie Mellon study examined costs related to vehicle battery packs and recharging by plug-in, as well as consumer driving habits and price expectations.
Well fuck it, the Volt had a pretty good ride for a while anyway, didn't it?
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