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Eco
2011 Chevrolet Volt
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With the launch of mainstream electric vehicles, the new Eco segment was created to accommodate two vehicles: The Chevrolet Volt and the Nissan Leaf. Electricity-based propulsion made “fuel” costs low for both vehicles, and tax credits resulted in a negative fees and taxes cost. But when the results were analyzed, the Volt earned top honors with ownership costs that were lower than expected compared to the Leaf. Keep an eye on this segment as additional electric and natural gas vehicles are added.
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| 2011 Chevrolet Volt 4D Hatchback |
| Cost Item |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Total |
| Depreciation: |
$13,973 |
$4,055 |
$3,042 |
$2,534 |
$2,485 |
$26,089 |
| Fees & Taxes: |
-5,097 |
126 |
128 |
112 |
116 |
$-4,615 |
| Finance: |
1,874 |
1,503 |
1,110 |
693 |
250 |
$5,430 |
| Fuel: |
758 |
766 |
773 |
781 |
789 |
$3,867 |
| Insurance: |
1,128 |
1,116 |
1,104 |
1,093 |
1,082 |
$5,523 |
| Maintenance: |
102 |
102 |
220 |
1,470 |
220 |
$2,114 |
| Opportunity Cost: |
21 |
47 |
73 |
105 |
129 |
$375 |
| Repairs: |
0 |
0 |
325 |
541 |
541 |
$1,407 |
| Total: |
$12,759 |
$7,715 |
$6,775 |
$7,329 |
$5,612 |
$40,190 |
| Vincentric's Best Value in America awards are based on the model level average of all trim levels within the model. Ownership costs for each trim level are measured at annual mileages of 10,000, 15,000, and 20,000. Results shown above assume 15,000 miles per year for the trim level described |
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