KBB: 2014 Honda Accord PHEV Grabs Best Resale Value Title for Plug-In Vehicles
After 36 months, the 2014 Honda Accord Plug-In Hybrid is expected to retain 53% of its value.
After 60 months, the 2014 Accord PHEV is expected to retain 40% of its value.
Those two figures put the Accord PHEV on top of Kelley Blue Book’s resale value list for plug-in vehicles, which means that the Accord PHEV grabbed KBB’s “Best Resale Value” title for plug-in vehicles.
Best Plug-In Vehicle:
2014 Honda Accord Plug-In Hybrid
Making its debut for the 2014 model year, the Honda Accord Plug-in Hybrid wastes no time earning its first best resale value title in the Electric Vehicle category. Unlike many other all-electric vehicles, the 2014 Honda Accord Plug-in Hybrid doesn’t have to sweat anything that has to do with range anxiety. A 2.0-liter Atkinson cycle 4-cylinder gasoline engine and a 124-kilowatt electric motor help the Accord Plug-in Hybrid side-step nuisances like stopping for fuel, thanks to a combined gas-electric driving range of 570 miles. A bigger lithium-ion battery lets the Accord Plug-in Hybrid travel up to 13 miles on electricity alone before it calls in the gas engine for back-up.
Exterior styling cues like an additional outlet door above the front-left wheel and 17-inch alloy wheels with aerodynamic inserts help distinguish the Accord Plug-in Hybrid from the rest of its gasoline brethren. A larger front grille and Honda badge also separate the Accord Plug-in Hybrid from the rest of the herd. It takes anywhere from two to two and a half hours to recharge the battery when plugged in to a 120-volt outlet but you can get that time down to an hour or 90 minutes when drawing power from a 240-volt outlet.
The 2014 Honda Accord Plug-in Hybrid sits at the top of the segment in terms of fuel economy with a combined rating of 115 MPGe for those first 13 all-electric miles. These figures combined with the usual features found on the gas-powered Honda Accord earn the Plug-in Hybrid the title of best resale value in the electric vehicle category for 2014.
Through the end of October, only 420 units of the Accord PHEV had been sold in the US. The problem with the Accord PHEV is its astronomical price tag of $39,780. Add in that Honda has little to no interest in selling the Accord PHEV and we see that, despite it being a solid plug-in hybrid, it’s not likely to make a difference in the BIG scheme of EV things. At least it holds its value well though.