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Pricing Wars: Plug-in Hybrid, EV Prices Dropping

Makers cutting lease payments on vehicles.

by on Mar.26, 2015

BMW recently cut the lease price on its electric i3 model to $239 a month. The maker isn't alone in reducing prices.

Gas prices aren’t the only prices dropping these days. Automakers are cutting prices on their electric vehicles.

Despite strong sales early on, BMW recently announced buyers can lease an i3 for as low as $239 a month. However, just after that, Honda put out a new $199 lease for its Fit EV subcompact. The new lease price is a $60 a month cut from its previous offer of $259 a month.


It’s not just the leases prices. Heading into this year, Ford announced it was cutting the price of its Focus battery electric vehicle as well: by $6,000. The new starting price is $29,995 before any federal, state or local incentives are applied, which can cut the final price as much as $7,500. It was the second time the automaker cut the price on the Focus. It cut it $4,000 in 2013 hoping to drive sales then. (more…)

California Unplugs $5,000 Battery Car Rebate Program

Buyers still get access to car pool lanes, however.

by on Jul.21, 2011

California has run out of cash for its electric vehicle incentive program.

Cash-starved California has pulled the plug on a program that provided a significant financial incentive for buyers of approved electric cars, such as the Nissan Leaf.

California was one of more than a dozen states that have enacted some form of cash incentives meant to spur the sale of high-mileage advanced-propulsion vehicles.  But the program was limited by the Golden State’s financial problems.  Nonetheless, buyers will still get at least one other much sought-after perk: stickers providing access to the HOV, or High Occupancy Vehicle, lanes, which can mean a significantly faster commute for those traveling alone.

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The federal government’s $7,500 tax credit for battery car buyers will remain in effect and, in fact, covers a broader range of products, including the Chevrolet Volt. The General Motors plug-in hybrid did not qualify in California because it did not meet the narrow definition of a so-called partial-zero-emission vehicle, or P-ZEV.


A Less Expensive Chevrolet Volt?

GM says costs are coming down, so it begs the question.

by on Jun.22, 2010

Two high-mileage vehicles, the Chevrolet Volt and the Chevrolet Cruze.

General Motors still has not announced pricing for the Chevrolet Volt, but there are indications that cost might come in lower than originally anticipated.

Micky Bly, director of electric vehicle programs at GM, told an audience at last week’s Green Car Conference that prices for some of the Volt’s key components might be lower than expected.

“We’re seeing significant downward cost pressure on these suppliers,” Bly said. He added that in some cases, the price reductions are about three to five years ahead of GM’s expectations.

Still, to make the Volt and other battery-electric vehicles viable, Bly said the industry needs to do more.

“We have to drive the technology costs down,” Bly said.

No Subsidies!

Prabhakar Patel, CEO of Compact Power, agreed, saying at the conference that the fledgling battery electric vehicle industry should not count on government incentives for more than four to five years.

Already there are signs of a taxpayer revolt. See Ken Zino’s Taxpayers to Subsidize EVs and Charging Stations. (more…)