It's a Great Time to Find a Great Deal on a New Plug-In Hybrid or EV

By

Senior Automotive Editor

Christian Gulliksen is the Senior Automotive Editor for CarsDirect. He was formerly a senior editor with Robb Report magazine, and has contributed to publications like Worth, Variety, The Hollywood Reporter and MarketingProfs.com.

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, Senior Automotive Editor - July 10, 2013

Despite widespread acceptance of conventional hybrids, demand for plug-in hybrids and electric vehicles (EVs) remains low. Why aren't more people buying Chevrolet Volts and Nissan Leafs?

  • Extra Cost: Regular hybrids cost more than non-hybrid cars, and the technology for plug-in hybrids and EVs is even pricier.
  • Range Anxiety: EVs can only go as far as each battery charge lets them -- many buyers worry about getting stranded.

Under normal circumstances, automakers would simply drop such cars from their lineup. Instead, to meet California's increasingly strict emissions regulations, they're doing anything it takes to sell as many as they can.

Manufacturers can't do much about range anxiety, but they can do something about the cost of leasing or buying a plug-in hybrid or EV. And they've created a buyer's market. In recent months:

When you add in state and federal incentives, the cost of plug-in hybrid or EV becomes very competitive.

Just be sure to act quickly when you see a deal you like. Honda and Fiat offered exceptionally attractive lease terms for their all-electric Fit and 550e -- both sold out nearly immediately.

, Senior Automotive Editor

Christian Gulliksen is the Senior Automotive Editor for CarsDirect. He was formerly a senior editor with Robb Report magazine, and has contributed to publications like Worth, Variety, The Hollywood Reporter and MarketingProfs.com.

Follow On: Google+ | Website