The Chevrolet Volt extended-range plug-in costs more than the Nissan Leaf battery-electric vehicle up front, but it’s less expensive to own during the first five years of driving. So said Kelley Blue Book in its first-ever Total Cost of Ownership study.
A Volt will cost the driver $40,629 during the first five years of ownership, or almost $1,500 less than the $42,089 it will cost to own a Leaf. Kelley Blue Book calculated the costs by factoring in expected depreciation, fuel costs, financing, insurance, regulatory fees and repair costs. The Volt’s lower maintenance and insurance costs will more than offset higher fuel costs and what’s likely to be higher depreciation costs stemming from the Volt’s pricetag, which is about $5,000 higher than the Leaf’s.
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