GM Wants You to Rent the Battery ~ Hybrid Car Review
Hybrid Car Review: GM Wants You to Rent the Battery

Monday, August 13, 2007

GM Wants You to Rent the Battery

I'm not sure I understand how this would work, or why anyone would want to do this. But according to a report from, GM is considering a cost savings method for their next generation hybrid, the Chevy Volt. Since the new battery packs may cost $10,000 or more, GM may be interested in 'renting' the batteries to consumers, rather than selling them outright with the car.

A previous report had GM eating the increased cost to build their new dual-mode hybrids in an effort to sell more vehicles, since most consumers would balk at a $10,000 cost increase.

Perhaps GM feels consumers would feel more comfortable with renting the battery pack, knowing they would never have to foot the bill for a replacement if the battery should fail.

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