![]() The cheap gas is partly due to reduced "Covid" demand, but anyone driving lately is seeing more and more cars back on the roads, and by spring I bet that we see oil prices creep up again. The EV market has been artificially depressed because the oil companies have kept gas prices relatively cheap, and EV disinformation rampant. But I don't expect these great, low prices to stay low. Nissan Leafs are also a great used car EV deal now as well. But I usually buy my cars used anyway to avoid the worst depreciation. I've seen used Chevy Bolts going for $13K-$14K lately, which is my mind does not make them a poor performer, but a fantastic used deal. The Volt's price also suffered because it was visibly discontinued, and like all EVs used model buyers are uncertain about potential repair costs, even though EVs have better reliability and lower maintenance costs overall. But after cutting the Volt and their economy cars they did NOT have any EV models ready to take their place for years to come, and only soldiered on with the Bolt. But this way GM could close factories, and cut union labor, all in the name of moving forward with EVs. But Chevy has made the bulk of their profits from gas guzzling trucks, and the less profitable economy cars were all cut, including the Cruze, which was also a sales leader in it's class. Other PHEVs managed well under 20 miles of EV-only range, but the Volt got over 50 EV miles, plus it managed 50MPG from the range extender engine. The Volt was historically one of the top selling plug-in hybrids (despite crappy marketing), and the most recent Volt was the best of the breed. The Chevy Volt was discontinued for many business reasons, and mostly it was because GM was looking to cut their manufacturing costs quickly, and capitalize on short term savings. “The Chevrolet Volt was discontinued due to its declining popularity as domestic sedans fell out of favor as well as increased competition from all-electric vehicles,” said iSeeCars Executive Analyst Karl Brauer. You can follow John on Twitter, and view his credentials at Linkedin In addition to Torque News, John's work has appeared in print in dozens of American newspapers and he provides reviews to many vehicle shopping sites. Following his engineering program, John also completed a marketing program at Northeastern University and worked with automotive component manufacturers. John Goreham is a long-time New England Motor Press Association member and recovering engineer. Read more on this study at the iSeeCars feature page. For example, the Ram 1500 is up by nearly $6,000 in value and the Ford Mustang coupe, $5,000. Pickup trucks and sports cars also do well. “The Toyota Prius has been declining in sales as other Toyota hybrid models, like the Camry and the RAV4 have soared in popularity,” noted Brauer.Ĭonversely, convertible models have seen the greatest gain in value. The Toyota Prius hybrid also makes the list in tenth. The Volt is not the only green vehicle on the list of those which have seen the greatest decline in value. One additional reason that Volts may be less valuable is that new Chevy Bolts are costing buyers under $20K in some states. They are now averaging $1,512 less than that price.“The Chevrolet Volt was discontinued due to its declining popularity as domestic sedans fell out of favor as well as increased competition from all-electric vehicles,” said iSeeCars Executive Analyst Karl Brauer. Used Volts in October of 2019 had an average value of $16,510. However, the Volt has seen a decrease in value of 8.4%. analyzed over 1.2 million used car sales in October 2020 and found that used car prices had an average increase of 9.5 percent or $2,193 compared to the previous year. The study found that used car prices have climbed in recent months due to heightened demand and inventory shortages in the wake of COVID-19. This, despite many models rising in value. A new study by has found that the used Chevy Volt extended-range electric vehicle (EREV) has seen the single-highest drop in value over the past year. Auto Manufacturers: Auto manufacturers may email CARB the emissions certification Executive Order and a VIN decoder, if a presumed or approved eligible vehicle is not yet listed on this page.If you are in the market for a used green car, you are in luck.
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