Replacement Batteries for Hybrids Drop In Cost
Both Honda and Toyota have announced significant drops in the cost of replacement batteries for their hybrid vehicles. Cuts in costs are up to 45%.
It will now cost just under $2,000 to have new batteries installed in you Honda Insight, and just under $2,500 for your Accord hybrid. These are about $1,000 reductions in the cost. Toyota, on the other hand, has dropped prices from ~$5,500 to $3,000, but that doesn’t include the installation, so the real cost is likely a bit more.
It is great to see the cost of alt-fuels drop as petroleum based fuels skyrocket. Perhaps we are witnessing a major industry shift.
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I think it is a sign of industry shift. Hybrids have became a top seller here in the US. and people say that they are going to be the top seller for years to come.
Words by wheelsandrubber on June 12, 2008 at 8:43 pm | #