So why buy a Volt and not a conventional hybrid vehicle such as the Toyota Prius or Honda Insight? Well, the Chevy Volt will offer far superior fuel economy, consuming less than half of the amount of gasoline the typical hybrid uses. In addition, when operating in electric-only mode, the Volt will emit zero emissions, something no hybrid can claim.
Certainly, the $41,000 price tag will limit the number of people willing to give the Volt a try. But, that price tag is reduced by $7,500 for people eligible to take the federal rebate. In addition, in some states, such as California, a $5,000 rebate is also available. That means your Volt, which will come with all of the amenities you want, will cost you about $28,500 plus license, taxes and tags.
Lastly, fuel savings should amount to about 500 gallons annually for the person who drives her Volt 15,000 miles annually. With gas prices averaging $3 per gallon that is an additional savings of $1500 per year or $15,000 for ten years.
