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Redesigned, Bulkier Honda Insight to Challenge Prius

Journal written by u-bend (1095729) and posted by timothy on Thu Sep 04, 2008 10:36 PM
from the identical-cousins dept.
In what probably amounts to good news for consumers eyeing a hybrid for their next vehicle purchase, Honda is resurrecting the "Insight" name, this time in the form of a five-seat, Prius-like hatchback. The automaker's announcement included the tantalizing statement that the cost would be "significantly below [that of] hybrids available today," but provided no further details on pricing. Although Honda may have some trouble unseating Toyota's dominance of this particular hybrid market, hopefully the Insight's reintroduction will help to make hybrid cars even more affordable to consumers. This is also welcome news to folks like myself who, after the initial flurry of excitement when the now-retired original Insight was introduced in '99, were left scratching their heads at Honda's hybrid strategy as Toyota picked up their dropped ball and ran with it.

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[+] Plug-in Hybrids May Not Go Mainstream, Toyota Says 217 comments
mattnyc99 writes "Honda's challenger to the Prius — the Insight hybrid that we discussed so lividly a month ago — got its official unveiling today at the Paris auto show, with insiders confirming it would be cheaper than the world's most popular 'green' car while still hitting the same fuel-efficiency range. But the hybrid-electric showdown comes in the midst of a sudden rethink by Toyota about plug-in hybrids. Apparently all the recent hype — over the production version of the Chevy Volt, plus Chrysler's new electric trio and even the cool new Pininfarina EV also unveiled today — has execs from the world's number one automaker, and alt-fuel experts, questioning how many people will really buy electric cars, whether people will really charge them at night to keep the grid clear, whether batteries will make them too expensive and more. "
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  • The problem is... (Score:5, Interesting)

    by Darkness404 (1287218) on Thursday September 04, @10:40PM (#24883249)
    The problem is with hybrids is that for most you end up paying more than you would your current car:

    If you have your car payed off and spend $70 a week for gas, that is a total of $3640 for an entire year.

    On the other hand, if you buy a $25000 hybrid, you might only need to buy $30 of gas a week, but unless your car payments are less than $120 a month, you aren't saving any money by buying a hybrid.

    Yes, over time a hybrid is going to save you money, but by the time you get it payed off, there will be a more effective hybrid that costs less.
    • by Bombula (670389) on Thursday September 04, @11:31PM (#24883589)

      It's not as simple as just gas mileage. The other major factor is resale value. The Prius is currently (and for several years) the leader in value-retention. I could sell my 8-month old Prius right now for sticker price. You simply cannot do that with a Chevy Malibu or a Ford Taurus.

      So the calculus for the cost of owning the car depends entirely on what you plan to do with it afterwards. In my case, I'm financing my Prius and will sell it after 2-3 years and recover something like 1/2 to 2/3 of the sticker price. The total cost of ownership per month therefore ends up being lower than any other car of comparable quality/size/features.

      If it was just about gas mileage, you'd be right. But it's more complicated than that. So you're wrong. Sorry! :P

        • by maino82 (851720) on Thursday September 04, @10:50PM (#24883327)

          Very true, but you seem to be ignoring the fact that other cars also cost thousands of dollars. Granted, their is a premium for a hybrid, but using your own numbers as an example (and my own experiences with a $17,000 regular civic vs. a $20,000 hybrid civic), your hybrid will pay back that $3000 premium in about 6 years assuming gas stays the same price (which intuition tells me it won't). Considering my last 2 cars have lasted me over a decade each before finally crapping out, that's a pretty good ROI. Granted, past performance of vehicles is no guarantee of future performance, so there's no telling if the hybrid will last me 12 years, but it's not unreasonable to believe that it probably will.

          • Re:The problem is... (Score:5, Informative)

            by CodeBuster (516420) on Friday September 05, @12:48AM (#24884181)
            The problem is that the hybrid costs $3000 more up front and money now is always worth more than money in the future, hence the reason why interest is charged and why money has a time value [wikipedia.org]. so a stream of payments adding up to 3000 six (6) years from now is actually worth less than $3000 right now so you are paying $3000 more upfront for a savings of less than $3000 (i.e. a loss). In order for the investment to really "pay off" it would have to save you more money in gas than you could earn instead by investing the $3000 difference in treasury bills (4.75% yield or thereabouts) or in other words it would have to save you more than $3000 at the end of the 6 years to be worth it. If you are looking at it purely from a financial standpoint hybrids rarely make sense (for now) because there are almost always cheaper non-hybrid alternatives no matter what you are presently driving.
            • by shmlco (594907) on Friday September 05, @02:32AM (#24884779) Homepage

              'Course, the new Insight gets 60 MPG and only costs $19,000, so it would appear that efficiency is going up and costs are going down. And all your math is predicated on a $3,000 difference, and not, say, a $1,000 difference.

              Plus you're not considering the alternatives. If you're going to invest your savings, then so can I.

              I could, from day one, easily begin banking the savings gained from one $60 tank of gas a month vs. FOUR tanks of gas per month ($240 in the SUV I'm driving now), whichs saves $180/m or $2,160/y. Put $180 per month in the bank for six years, compounded at 5%, and you get $15,077, whereas you only made $4,020 on your inital "savings" of $3,000. Some savings.

              Now, you're going to say that I need to be considering a more comperable "alternative", like, say a Jetta TDI. But a TDI only gets 45/mpg, its fuel costs are roughly 15% higher in the US due to the price of diesel, and the diesel version of the Jetta cost about $1,500 more than the gas version. Plus there's a waiting list and dealer premuim for those as well. All of which means that the Jetta comes out on the bottom when you run the same kind of numbers.

              Finally, you're assuming that the guy who saved $3,000 invested it. From my perspective, it's equally likely the idiot put $3,000 down on a $5,000 72" flatscreen TV, and is now paying down his credit card at 18% interest. Compounded daily.

            • Re:The problem is... (Score:5, Informative)

              by TooMuchToDo (882796) on Thursday September 04, @11:55PM (#24883785)
              Please don't spread FUD:

              http://www.hybridcars.com/faq.html#battery [hybridcars.com]

              How often do hybrid batteries need replacing? Is replacement expensive and disposal an environmental problem?

              The hybrid battery packs are designed to last for the lifetime of the vehicle, somewhere between 150,000 and 200,000 miles, probably a whole lot longer. The warranty covers the batteries for between eight and ten years, depending on the carmaker.

              Battery toxicity is a concern, although today's hybrids use NiMH batteries, not the environmentally problematic rechargeable nickel cadmium. "Nickel metal hydride batteries are benign. They can be fully recycled," says Ron Cogan, editor of the Green Car Journal. Toyota and Honda say that they will recycle dead batteries and that disposal will pose no toxic hazards. Toyota puts a phone number on each battery, and they pay a $200 "bounty" for each battery to help ensure that it will be properly recycled.

              There's no definitive word on replacement costs because they are almost never replaced. According to Toyota, since the Prius first went on sale in 2000, they have not replaced a single battery for wear and tear.

              • Re:The problem is... (Score:5, Interesting)

                by afidel (530433) on Friday September 05, @01:05AM (#24884285)
                Exactly, there was a Prius used as a cab and Toyota bought it back after 1 MILLION miles to tear apart the battery pack to get some real world data on extended wear because they had never replaced one due to wear.
        • by sampson7 (536545) on Friday September 05, @01:48AM (#24884543)
          My 2002 Prius probably cost me more than a comparable non-hybrid car would have. But I love my hybrid -- and the reasons have nothing to do with economics and everything with being a nerd.

          1. I drive the most advanced and highly engineered car on the road today (well, other than other hybrids). The engineering in my Prius is far more advanced than anything BMW or Mercedes throws into their cars.

          2. I can drive silently on electric power only. Do you have any idea how cool that is? The freak'n car shuts off at traffic lights! If I go gently on the gas, I can drive 30/40 MPH on electric only and the car is SILENT!!! So freak'n cool. I've been dreaming of electric cars since I was a kid -- and I now have one (sorta)!

          3. I feel good about having supported a fledgling environmentally beneficial technology with my dollars. My purchasing decision in 2002 played a part in revolutionizing the car culture in this country and the world.

          4. Nerdy chicks dig Priuses.

          5. I drive a damned reliable and cheap to operate automobile that I enjoy driving.

          In short -- economics was largely irrelevant to my decision. Instead of buying a sports car (also generally an economically irrational decision), I decided to go the hybrid route. Actually, when I analyzed purchasing the car, I conservatively assumed that I would get 60,000 miles from the car before it started falling apart or incurred expensive repairs. I also assumed that the car would have no re-sale value, as I expected the technology would be largely obsolete by the time I went to sell it. Even with these "worst-case" scenarios, I bought the car because it was worth it to me to be part of the revolution.

          Of course, I'm now well over 60,000 miles and have had no troubles, but that's not really the point, is it?
        • Re:The problem is... (Score:5, Informative)

          by TooMuchToDo (882796) on Thursday September 04, @11:59PM (#24883831)
          Wrong.

          http://www.hybridcars.com/faq.html#battery [hybridcars.com]

          How often do hybrid batteries need replacing? Is replacement expensive and disposal an environmental problem?

          The hybrid battery packs are designed to last for the lifetime of the vehicle, somewhere between 150,000 and 200,000 miles, probably a whole lot longer. The warranty covers the batteries for between eight and ten years, depending on the carmaker.

          Battery toxicity is a concern, although today's hybrids use NiMH batteries, not the environmentally problematic rechargeable nickel cadmium. "Nickel metal hydride batteries are benign. They can be fully recycled," says Ron Cogan, editor of the Green Car Journal. Toyota and Honda say that they will recycle dead batteries and that disposal will pose no toxic hazards. Toyota puts a phone number on each battery, and they pay a $200 "bounty" for each battery to help ensure that it will be properly recycled.

          There's no definitive word on replacement costs because they are almost never replaced. According to Toyota, since the Prius first went on sale in 2000, they have not replaced a single battery for wear and tear.

  • Screw this (Score:5, Informative)

    by bluefoxlucid (723572) on Thursday September 04, @10:42PM (#24883259) Journal
    We need Diesel first. Then maybe double clutched diesel hybrid manuals, I don't know; using a torque converter is a horrible, horrible idea (coupling: 10% efficient. Acceleration: hahahahahahahahaha).
    • Re:Screw this (Score:5, Informative)

      by moosesocks (264553) on Thursday September 04, @11:00PM (#24883413) Homepage

      Well, VW has double-clutched diesels in the American market right now. (For those who aren't familiar, the double-clutch design essentially allows a car to be driven as an automatic while preserving the superior characteristics of a manual, also allowing for millisecond shift-times.)

      Diesel fuel economy is arguably good enough that it don't need any sort of hybrid system. They're also decently fun to drive, which you certainly can't say about the current crop of hybrids.

      Unfortunately, VW probably has the double-clutch design patented to hell and back, and has no hybrid technology of its own. Seeing the two together therefore seems fairly unlikely. On the other hand, a diesel Golf/Rabbit should be making its way to American markets in a year or two.

  • by Geoffrey.landis (926948) on Thursday September 04, @10:43PM (#24883269) Homepage
    The original Insight got slightly better gas mileage than the Prius-- for people who don't need the room of the 4-door, it was a nice car. I wonder if the new one will also blow away the Prius mileage?
  • EEEEEVIL (Score:5, Funny)

    by evilviper (135110) on Thursday September 04, @10:46PM (#24883297) Journal

    In 2005 just 666 Insights were sold.

    Good to know Honda's merger with Satan Corp. is working out for them.

  • Or maybe turnabout? (Score:5, Interesting)

    by hyades1 (1149581) <hyades1@hotmail.com> on Thursday September 04, @10:53PM (#24883361)

    Honda should pick up Toyota's all-electric "dropped ball" and run with it. If memory serves, Toyota used to have a 100% electric car and stopped making it. Since ALL of my weekday driving is well within about 50 kilometres of home, I'd kill for one.

  • Uhhh (Score:5, Insightful)

    by moosesocks (264553) on Thursday September 04, @10:55PM (#24883373) Homepage

    Why not just buy a Civic or a Fit?

    They're both pretty nice compact cars that get fantastic mileage (~34mpg) without any fancy hybrid stuff.

    For a good bit less than a Prius (which you couldn't even buy at the moment if you wanted to), you can get a car that gets better mileage, drives better, and is likely to be considerably more reliable.

    On the other end of things, diesels are beginning to make a very big comeback, as virtually all of the traditional downsides to diesel engines have been taken care of. The fact that they get 40+ MPG makes them pretty attractive.

    Also, now that the natural gas industry has woken up to the fact that there is a metric shit-ton of money waiting to be made by packaging and selling their product as automotive fuel, I imagine that we'll be seeing quite a few CNV vehicles in the upcoming years.

  • by wonkavader (605434) on Thursday September 04, @11:19PM (#24883519)

    The 1989 civic got 50mpg highway, [fueleconomy.gov] better than the Prius.

    Yes, we need extra safety items. Yes, those add weight. But all the advances made in improving efficiency have been burned away on power and sportiness and cup holders.

    50 Mpg TWENTY years ago.

    And no mention of a plug-in aspect.

    Very discouraging.

  • by juventasone (517959) on Thursday September 04, @11:27PM (#24883573)

    Honda already has a car that is more fuel efficient than any car they sell in North America, and would easily out-sell the Prius. But they choose not to sell it in North America.. why?

    It's called the Civic CTDi. The Civic is already the most popular car in North America. It is less expensive than the Civic Hybrid, offers a heap more power, and has arguably better combined mileage. In fact, this engine was awarded "International Engine of the Year" in 2005.

  • by dinther (738910) on Friday September 05, @12:18AM (#24883969) Homepage

    I own a real 2000 Honda Insight. It is an amazing car. Aluminum bodied two seater made to last.

    The low weight and the 990 CC engine with electric assist ensure that I am the one pulling away with spinning wheels at the lights leaving muscle cars in the dust.

    This new Insight although it looks like the original one, is a stock standard steel vehicle, high curb weight. Bigger engine on even bigger weight would mean less acceleration, poorer MPG and thanks to the steel body shorter lifespan. I test drove a brand new Honda Civic last week and came away less than impressed. Just another over sized car.

    I think the real Insight showed a vision of smaller more nimble cars as frugal with gas as a small motor cycle. No you can't carry 10 bags or cement it it but that is why it is called a commuter vehicle.

    The "new" "Insight" does not do the original car any justice.