Oh my…what big price you got? The better to dent your wallet. And that is what we think of the price on the new 2014 Accord PHEV sedan, which is priced at an MSRP of $39,780, excluding a $790 destination charge. What kind of frugal world are we living in? Honda gives us a considerable fuel-economy hybrid sedan and jacks up the high price.
The new Honda Accord Plug-in Hybrid will be available for retail sale and leasing on January 15th in California and New York. You will have to pay about $18,000 more than the base model ($21,680). It is worth it? Not! If you do the math, the mount on fuel saving you will save in six years won’t budge the added cost of $18,000. Also, you need to remember that you have to pay interest on the added $18,000 for six years as well. At about $40,000 for the Honda Accord Plug-in Hybrid, either Honda is on crack or it had us for fools.
The new 2014 Honda Accord Plug-in Hybrid is powered by Honda’s new Earth Dreams 2.0-liter i-VTEC 4-cylinder engine producing 137 horsepower, with a 124 kW (~166 hp) electric motor and a 6.7 kilowatt-hour lithium-ion battery, for a combined system output of 196 horsepower. Honda claims that it has the highest EPA MPGe rating in its class at 115 MPGe, better than other plug-in competitors such as the Ford C-Max Energi (100 MPGe), Chevy Volt (98 MPGe), and Prius Plug-in (95 MPGe).
On a plus note, Honda also plans to offer a conventional hybrid variant Accord next summer with the same gasoline engine but without plug-in capability. This hybrid powertrain has an estimated fuel economy ratings of 49 mpg city, 45 mpg highway, and 47 mpg combined. Lets hope this Accord hybrid sedan will have a price that is more down to earth.