The first generation all-electric cars in the market are now facing some serious dilemma. Two of the top brands and models produced by (a) Nissan, the maker of the Nissan Leaf and (b) General Motors (GM), the maker of the Chevrolet Volt, are offering cheap leases and big discounts since early this year. Not only buyers of those two electric cars are getting big discounts, but they are also eligible for a $7,500 federal tax credit. Each of the two companies have sold about 10,000 all-electric cars in 2011, and continued to reach slightly above those numbers in 2012.
Chevrolet Volt’s asking price was around $40,000 per car during introduction period, but in today’s market buyers will get up to $10,000 discount, or paying an average of $249 per month for 36-months lease deal.
While monthly lease for a Nissan Leaf has gone down to about $219 per month, with around $3,000 down-payment and for 39 months total lease term. The leasing price was around $250 per month in the beginning of the year. So the monthly leasing price has dropped about $30 per month.
As reported by a local news in Arizona, one of the big concerns facing Nissan is the car manufacturer must buys back some of its Leafs in the state of Arizona. This was due to premature battery power loss in the hot climate state. To follow guidance under the Arizona Lemon Law, Nissan has bought several Leafs back from unsatisfied owners.
(Images: left, Nissan Leaf; right, Chevrolet Volt)