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Honda and Toyota to lower hybrid battery replacement costs

Rendering of the Chevy Volt battery pack As hybrid models such as the original Toyota Prius and Honda Insight get older, consumers are beginning to wonder how much it will cost them if the battery eventually fails. It's a reasonable concern as those batteries can be quite expensive to replace. According to an article on Newsweek, though, that once astronomical price is going down. Honda, for example, will be lowering the cost for its hybrid batteries on June 1 from $3,400 to $1,968 for the Insight. The Accord hybrid could still be as much as ... Read more →

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