It'll take higher gas prices, or a big subsidy from GM, for the new plug-in Volt to be cheaper to drive than the Toyota. But that doesn't mean it won't find buyers.
NEW YORK (CNNMoney.com) -- The Volt may get 230 mpg. GM says it will cost only 40 cents to fuel up the car from a household outlet. But it still may not be worth it to buy one.
So what's the problem? You won't save enough on fuel costs to compensate for the likely higher sticker price.
So before you rush out to get one when the Chevrolet Volt hits dealer showrooms next year, consider your options. It's likely that gas-only or hybrid cars will be the cheaper way to go.
The Volt is designed to go 40 miles on battery power alone. Since most people drive 40 miles or less a day, according to the Transportation Department, most Volt owners wouldn't need a drop of gas for daily driving.
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