Fit EVs life extended by two years, $199 for each month
|   Tuesday, April 14, 2015
Honda Motors, the worldwide champion auto maker decided to provide EV customers with extension warranty of two years at $199 for each month which is very less than the original cost. This tactics is implemented by the brand to get more publicity and user demands. Though, they have stopped producing electric cars from last fall, still it is considered to be a good move for both brand and customers. Now 1,100 hatchbacks are waiting to get this offer and provide this facility to various car owners.


This amount of $199 will stay valid for one month and at the end of it you will have to renew it if you want it to continue. However, you can use this facility for maximum two years. Within that time, you will get unlimited mileage with no extra charge for installment payment. This facility is applied only to Fit-EV models currently. In Oregon and also in California, company has started its marketing but Fit leases will be offered in New York, Maryland, New Jersey and Massachusetts as well.

First three years lease will expire on this July and any car which is returned at that time will be leased by participated dealers of Honda and will be utilized as used cars for customers. These leases would provide usual maintenance and colliding insurance for checking the costly electric power-train.

EV batteries were degrading gradually and losing capacity for which cars could not go as far as its owners wanted. Till three years, customers were getting the best of it, but after than they start deteriorating slowly. Honda suggested, Fit batteries can rate nearly 82 miles and even after that they keep 80% to end almost 4000 charge cycle counts. This implies it has the ability to run 11 years; however it depends upon whether the batteries are depleted and recharged on a regular basis.

The lease terms for Fit batteries are coming with life time leasing whereas used batteries would have equal warranty. In 2012, they started Fit batteries on leases for the first time at $389 only per month still failed to make a lot of noise but managed to get a good critics rating. Honda started the idea of offering discount from other brands in leasing EV batteries during mid 2013. So Honda immediately dropped the per month price to $299 and removed annual mileage from the package.

Many EV dealership level reports were recorded till 2014 middle regarding electric Fit wait lists. Honda announced it to schedule for two further years which will have limited production with the dependable EV battery. After that the demand shifted to electric cars which run via hydrogen. To provide enough EVs, Honda needed zero emission vehicular regulation of California (ZEV Mandate). So every Fit EV was manufactured as a compliance car.

Honda decided it to include within ZEV plan but so that I won't be a electric battery car. Not just Honda, but also Hyundai, Toyota like brands decided to install hydrogen fill stations all over the California so that fuel-electric cars will get much more demand.
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