Sorry, but this quote is a
Sorry, but this quote is a total lie. “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. 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 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. 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. Despite being a quick car. 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. But this way GM could close factories, and cut union labor, all in the name of moving forward with EVs. 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. 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. 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. But I usually buy my cars used anyway to avoid the worst depreciation. Nissan Leafs are also a great used car EV deal now as well. But I don't expect these great, low prices to stay low. The EV market has been artificially depressed because the oil companies have kept gas prices relatively cheap, and EV disinformation rampant. 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. At which point the guzzler truck prices will see a drop and EV prices will climb back up as demand for clean economy cars comes back.