Toyota Announces Price Reduction On Prius Hybrid Batteries

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by usbseawolf2000, Sep 24, 2008.

  1. usbseawolf2000

    usbseawolf2000 HSD PhD

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    [​IMG]

    Toyota/Lexus/Scion Pressroom: Toyota Announces Price Reduction On Prius Hybrid Batteries

    Toyota Announces Price Reduction On Prius Hybrid Batteries

    With More Than 600,000 Vehicles on the Road,Toyota Also Looking at HV Battery Remanufacturing
    ​

    For those that needs a replacement out of warranty due to accident or whatever reason, you can get brand new one for $1,863.84 from Bob Bridge Toyota.
     
    #1 usbseawolf2000, Sep 24, 2008
  2. Rybold

    Rybold globally warmed member

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    I wonder if this means that Toyota renegotiated the wholesale of the materials that they use to make the batteries? Something happened. Interesting.
     
    #2 Rybold, Sep 24, 2008
  3. redhandeddenial

    redhandeddenial Member

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    thats really good news for all those tolls citing the replacement cost/ rates ;)
     
    #3 redhandeddenial, Sep 24, 2008
  4. Winston

    Winston Member

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    $1850 for a discount price for a battery is pretty good. That will bring the used battery prices down even lower(maybe $500). That is really insignificant when you consider that the Prius will never need an alternator, brake jobs, etc.
     
    #4 Winston, Sep 24, 2008
  5. usbseawolf2000

    usbseawolf2000 HSD PhD

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    When was the last time any manufacturer lowered the engine or transmission replacement cost?

    Camry automatic transaxle costs $2,357.55 (discounted price), making it $800 more expensive.

    HV battery pack is maintenance free so there is no need to change liquid and has 8-10 years / 100,000-150,000 miles warranty. Much longer than engine or transmission warranty. Why are people still concern about the HV battery replacement?
     
    #5 usbseawolf2000, Sep 24, 2008
  6. ericbecky

    ericbecky Hybrid Battery Hero

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    In every event or presentation that I have been a part of, there is always at least one question about battery life. This is a great article for me to have on hand for people who ask the question.

    I think people ask about it since it is different than what they have in their current car.
     
    #6 ericbecky, Sep 24, 2008
  7. Celtic Blue

    Celtic Blue New Member

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    Considering that $1,863.84 figure is from before the price mark down if I recall correctly, I wonder if they will be knocking some off soon? Keep in mind that Bob Bridge Toyota is still making a profit off that...so the retail list is probably twice dealer cost.
     
    #7 Celtic Blue, Sep 24, 2008
  8. Tideland Prius

    Tideland Prius Moderator of the North
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    Well there you go, we finally have a definitive cost (or at least cost to the consumer).
     
    #8 Tideland Prius, Sep 24, 2008
  9. FL_Prius_Driver

    FL_Prius_Driver Senior Member

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    What happened is what every old time manufacturing expert knows....product costs continually, steadily go down with time. (I could babble more on this, but I will restrain myself.) This is true for everyone in the entire supply chain as well as Toyota/Panasonic. This change has been happening for some time, so do not read into the above change a dramatic recent shift.

    What does happen is that price does have significant jumps down. Companies keep the price steady until it the price/cost mismatch starts to adversely affect the overall car sales picture. Think of what happens to Prius sales now and in the future if they charge $3000 for a $900 battery. It comes back to haunt them if they keep it up for too long. (e.g. Honda coming out with a much less expensive hybrid? A third party supplier takes away most of the Toyota battery resale business, etc.)
     
    #9 FL_Prius_Driver, Sep 24, 2008
  10. Patrick Wong

    Patrick Wong DIY Enthusiast

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    It is interesting to see that the Classic battery containing 38 modules, now costs less than the 2G battery containing 28 modules. Hence it appears that the price was set based upon market conditions, not a fixed % markup over product cost.
     
    #10 Patrick Wong, Sep 24, 2008
  11. usbseawolf2000

    usbseawolf2000 HSD PhD

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    Patrick,

    That was my first thought too. Will they use the same cells in the Classic pack? If they do, it will be a better deal with some DIY work. ;)
     
    #11 usbseawolf2000, Sep 24, 2008
  12. Tideland Prius

    Tideland Prius Moderator of the North
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    Good point but note that the 2G ones are stepped up and thus more powerful in the end result than the 1G even though the actual output of the battery is smaller than the 1G (201.6V vs. 273.6V)
     
    #12 Tideland Prius, Sep 25, 2008
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