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    Electric Cars Selling Like Hotcakes

    Chevy Volt, Nissan Leaf post small December sales - Omaha.com

    GM sold between 250 and 350 Chevy Volts this month and Nissan's sales totaled less than 10 Leaf sedans in the past two weeks. Production for both is slowly ramping up.
    It will be well into 2012 before both the Volt and Leaf are available nationwide. And if you're interested in buying one, you'll need to get behind the 50,000 people already on waiting lists.
    It's still unclear just how large the market for electric cars will be once those early adopters are supplied. The base sticker price is $40,280 for the Volt and $32,780 for the Leaf, much higher than most similar-sized, gas-powered cars. If those prices rise, it could make them even more of a niche product than predicted. Buyers also are worried that advertised lease deals may not last, and a federal tax rebate of $7,500 could disappear if Congress decides battery-powered cars are no longer a priority.


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    Re: Electric Cars Selling Like Hotcakes

    Even with the $7,500 they make no sense to buy at this time. They are a good start though and when gas prices go up and battery prices go down, they will start to make more sense. I would never drive one but I would think if they could get the price right with the Toyota Prius, they would sell like hot cakes.

    I think the leaf would make an excellent commuter. Since we have 2 vehicles we pretty much just drive one for long trips. I bet there were only 3-4 times last year that I drove more than 50 miles at one time in my work car. With that said, it would have to be like $18K for me to justify that purchase. Paying $30K for a car that is no better than a $16K sub compact makes no sense. You may as well just buy a Honda Fit and pocket the money.


    Last edited by dmclone; 12-31-2010 at 10:58 AM.

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    Re: Electric Cars Selling Like Hotcakes

    Too pricey for the Volt!



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    Re: Electric Cars Selling Like Hotcakes

    Quote Originally Posted by UNIGuy4Cy View Post
    Too pricey for the Volt!
    Even with GM losing money on each one and a $7,500 discount.



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    Re: Electric Cars Selling Like Hotcakes

    telsa has sold 1200 roadsters. maybe they should make the electric cars look cool or atleast like regular cars.


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    Re: Electric Cars Selling Like Hotcakes

    Quote Originally Posted by dmclone View Post
    Even with the $7,500 they make no sense to buy at this time. They are a good start though and when gas prices go up and battery prices go down, they will start to make more sense. I would never drive one but I would think if they could get the price right with the Toyota Prius, they would sell like hot cakes.

    I think the leaf would make an excellent commuter. Since we have 2 vehicles we pretty much just drive one for long trips. I bet there were only 3-4 times last year that I drove more than 50 miles at one time in my work car. With that said, it would have to be like $18K for me to justify that purchase. Paying $30K for a car that is no better than a $16K sub compact makes no sense. You may as well just buy a Honda Fit and pocket the money.
    If they make that a $17,500 rebate I would look at one for my commute. I have a third stall in my garage that it would fit in just fine.


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    Re: Electric Cars Selling Like Hotcakes

    Ryan Leaf a spokesman? (commercial?)



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    Re: Electric Cars Selling Like Hotcakes

    I think it's really hard to beat the value of a little Toyota Corrola with a 4 cylinder engine.



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    Re: Electric Cars Selling Like Hotcakes

    Quote Originally Posted by Psyclone Brian View Post
    Ryan Leaf a spokesman? (commercial?)
    Only if they want to emphasize underperformance.



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    Re: Electric Cars Selling Like Hotcakes

    These cars may become more popular if oil prices rise as predicted. I have seen some predictions for $5.00 gas by 2012. Here is one article that I found.

    (Current price is $91 per barrel.)

    Oil price forecast for 2011, will oil hit $150 by summer? | Oil Prices, Oil Trading

    Oil Price Forecast for 2011
    Goldman Sachs, JP Morgan and other large banks are forecasting higher oil prices in 2011. In fact, it’s hard to find any trader or analyst that expects oil prices to head lower anytime soon.
    Our point of view is that oil futures will remain bullish and may well see $100 a barrel in the first trading week of January 2011 (forecast for Brent oil, as traded on the ICE Futures Exchange).
    As for oil prices into the spring and summer of 2011, we forecast that oil prices will go higher than this. Here’s why:
    1: Global Oil Demand is Higher than Oil Supply
    2: There is another Bubble Emerging in the Oil Market

    Of course, many short to medium term situations over the world could change this view (Middle East or Asian Conflicts) but most of the potential situations would only make oil prices go even higher.
    The only way oil prices would see a big fall in 2011 would be if the US dollar makes a massive recovery, back to the 90 – 100 level.
    Our forcasts for oil prices into 2011 are:
    January 2011 – $100 oil
    April 2011 – $110 oil
    July 2011 – $130 oil
    October 2011 – $150 oil



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    Re: Electric Cars Selling Like Hotcakes

    I may get this wrong but here it goes.

    If you drive 15K miles per year

    Leaf
    $561 year in electric costs
    $25,000 cost (W/discount)

    Nissan Versa (assuming 30mpg)
    $2,500 in fuel if gas is $5/gallon
    $15,000 cost

    So you'd be saving $1,939 a year in fuel savings.

    So after 5 years and 75K miles you've finally broke even. This is really the best case scenerio because gas isn't close to $5 gallon and you probably can do better than 30mpg from the Versa.

    You will save some money in oil changes but you at the end of the 5 years you may also need a new battery. The Versa will drive better and you won;t have any mileage anxiety.



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    Re: Electric Cars Selling Like Hotcakes

    Quote Originally Posted by dmclone View Post
    I may get this wrong but here it goes.

    If you drive 15K miles per year

    Leaf
    $561 year in electric costs
    $25,000 cost (W/discount)

    Nissan Versa (assuming 30mpg)
    $2,500 in fuel if gas is $5/gallon
    $15,000 cost

    So you'd be saving $1,939 a year in fuel savings.

    So after 5 years and 75K miles you've finally broke even. This is really the best case scenerio because gas isn't close to $5 gallon and you probably can do better than 30mpg from the Versa.

    You will save some money in oil changes but you at the end of the 5 years you may also need a new battery. The Versa will drive better and you won;t have any mileage anxiety.
    If you live in New York City, the Leaf will probably make more sense than Iowa. It's not uncommon for me to put 150 miles or more a day for work. Long highway drives is what will kill the advantages of electric. Conversely if you drive in town all the time, the Leaf or Volt might make more sense.



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    Re: Electric Cars Selling Like Hotcakes

    Quote Originally Posted by dmclone View Post
    I may get this wrong but here it goes.

    If you drive 15K miles per year

    Leaf
    $561 year in electric costs
    $25,000 cost (W/discount)

    Nissan Versa (assuming 30mpg)
    $2,500 in fuel if gas is $5/gallon
    $15,000 cost

    So you'd be saving $1,939 a year in fuel savings.

    So after 5 years and 75K miles you've finally broke even. This is really the best case scenerio because gas isn't close to $5 gallon and you probably can do better than 30mpg from the Versa.

    You will save some money in oil changes but you at the end of the 5 years you may also need a new battery. The Versa will drive better and you won;t have any mileage anxiety.
    Of course you'd be sending less money to a region of the world that doesn't particularly care for us, too.


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  14. #14
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    Re: Electric Cars Selling Like Hotcakes

    Quote Originally Posted by Bobber View Post
    If you live in New York City, the Leaf will probably make more sense than Iowa. It's not uncommon for me to put 150 miles or more a day for work. Long highway drives is what will kill the advantages of electric. Conversely if you drive in town all the time, the Leaf or Volt might make more sense.
    And hybrids because the same math applies.


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    Re: Electric Cars Selling Like Hotcakes

    Quote Originally Posted by simply1 View Post
    Of course you'd be sending less money to a region of the world that doesn't particularly care for us, too.
    True.



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