new PHEV and tax credits

[TheBeeKeeper]

I almost bought this week a 2018 Chevy Volt, car was barely used and would have cost 22K including taxes and all.
 As used car prices are insane I went and checked some new plug-in hybrids, and learned that a new Hyundai Ioniq would be 29K total and should have 4.5K federal tax credit, making it only 2.5K more than the 4 year old Volt.
I can pay cash or finance either one at 2.5% for 60 months.

The volt has a larger battery, but the 29 mile range of the Ioniq should be plenty for 95% of our car trips.
Sounds to me like the Ioniq PHEV is a much better deal. Anything I'm missing in my price analysis?

[Syonyk]

The Volt has a longer battery range, which means that if you're running in the cold with the heat, it will still have a respectable battery range - that chews range in a hurry, figure 50-70% of summer battery range in the winter, depending on temps and number of people in the car (heated seats are a lot more efficient than heating the cabin, but heated seats do nothing for kids in carseats in the back).

I'm a little biased, but 'd rather have a mature Chevy product (second gen of the Volt, several model years into production) than a fresh Hyundai, just in terms of engineering solidity.

[TheBeeKeeper]

I almost bought this week a 2018 Chevy Volt, car was barely used and would have cost 22K including taxes and all.
 As used car prices are insane I went and checked some new plug-in hybrids, and learned that a new Hyundai Ioniq would be 29K total and should have 4.5K federal tax credit, making it only 2.5K more than the 4 year old Volt.
I can pay cash or finance either one at 2.5% for 60 months.

The volt has a larger battery, but the 29 mile range of the Ioniq should be plenty for 95% of our car trips.
Sounds to me like the Ioniq PHEV is a much better deal. Anything I'm missing in my price analysis?

yeah, I don't expect either EV to perform at the advertised range, especially in the winter.

Any Ioniq plug-in owners here?

[jrhampt]

I almost bought this week a 2018 Chevy Volt, car was barely used and would have cost 22K including taxes and all.
 As used car prices are insane I went and checked some new plug-in hybrids, and learned that a new Hyundai Ioniq would be 29K total and should have 4.5K federal tax credit, making it only 2.5K more than the 4 year old Volt.
I can pay cash or finance either one at 2.5% for 60 months.

The volt has a larger battery, but the 29 mile range of the Ioniq should be plenty for 95% of our car trips.
Sounds to me like the Ioniq PHEV is a much better deal. Anything I'm missing in my price analysis?

yeah, I don't expect either EV to perform at the advertised range, especially in the winter.

Any Ioniq plug-in owners here?

I also have my eye on the Ioniqs.  I don't have one myself but a neighbor down the street has one and loves it.