KBB: 2014 Honda Accord PHEV Grabs Best Resale Value Title for Plug-In Vehicles


Honda Accord PHEV

Honda Accord PHEV

After 36 months, the 2014 Honda Accord Plug-In Hybrid is expected to retain 53% of its value.

KBB Results for Honda Accord PHEV

KBB Results for Honda Accord PHEV

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.

2014 Honda PHEV

2014 Honda PHEV

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19 Comments on "KBB: 2014 Honda Accord PHEV Grabs Best Resale Value Title for Plug-In Vehicles"

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How is considered a solid plug-in?

Drive one and you will see. As a vehicle, it is pretty solid. As I mentioned below, it’s easy to keep it in electric mode unless you want to race from the stoplight. In that case, it takes advantage of the fact that it has another powerful motor on board, rather than ignoring that extra power like the Volt does.

Brian, you said:

“[…]In that case, it takes advantage of the fact that it has another powerful motor on board, rather than ignoring that extra power like the Volt does.[…]”

Best “NO ELECTRIC RANGE TO SPEAK OF- PLUG IN GAS CAR” pitch that I’ve ever heard, Brian.

Quite frankly, the Chevy Volt Extended Range Electric Vehicle, the Vauxhall/ Opel Ampera and the Holden Volt Long Range Electric Vehicle Pack a punch in Sport Mode and “L” with 273 lbs ft of instant torque!
I find that I can beat most non Ultra High Performance cars away from a stop sign or light while just barely keeping it legal.

The fact that under demand acceleration or load that I would have to burn gas sounds so Priussy, so 8-Track Tape!



Thomas J. Thias


Plug It Not Pump It!


Truth is, I love the Volt. It’s a great use of today’s technology. But that doesn’t mean that I’m a fanboy to the extent that I need to put down other cars. Truth is, the Volt has a powerful electric motor plus another powerful gas engine. The Accord has a less powerful electric motor, and a more powerful gas engine. The difference is that in a PHEV configuration, you can get power out of both motors sent to the wheels for some serious kick of acceleration. In an EREV, you just can’t. You can only use one of those motors.

As for the range, the Accord is similar to the Ford Energis – about 20 miles. It’s bounds better than the PiP (which is very difficult to keep in all-electric).

I have driven both the Accord and the Volt. As far as driving is concerned, ignoring the source of the energy for a moment, I personally have a slight preference for the Accord.

Actually, the Volt can use both the electric motor and generator motor for the acceleration where Accord can ONLY use the main traction motor b/c Volt has 3 clutches where Accord only has 1.

The limit of the power is in the battery, NOT in the electric motor. From the description, it sounds like you favorite the “mild PHEV” approach of Honda and Toyota…

Like Ford’s Energi products too…

This is pretty surprising being how overpriced the car is to begin with.

haha, like Ford;s Energi products… I know, I paid too much.

It is interesting that such an expensive car (compared to its PHEV competitors) is projected to hold its value even better (as a percent). What this means is that the cost of depreciation might end up being the same for an Accord as for a Fusion Energi (for example).

I took a look at the Accord, and it is a solid car. It’s the kind of fun-to-drive car one would expect from Honda. It’s easy to keep it all electric (although it burns gas when you floor it) as the electric motor has plenty of power on its own. It wasn’t the price tag that turned me off in the end. I just wish they could have preserved more of a trunk (as a PHEV it is supposed to be a road-trip car afterall). They took a page out of Ford’s book on that one.

This is why I like the Volt. Sacrificing the arguably usable middle rear seat to keep the trunk space open better fits my needs. Those needs exclude racing someone at the stoplight and agree with the need of a larger EV motor and a smaller range-extending ICE that is predominantly used to generate electricity and heat. The Volt is has enough torque and power from the main electric motor to need a gasoline power extender. It is what makes it an EREV and not just another PHEV.

Let’s be frank, the reason for the high residual value has nothing to do with the fact that the Accord PHEV is a particular plugin, and everything to do with the fact that it is a Honda.

You are correct that the Volt is larger, but sadly still not large enough for me. A hatchback’s space is much more useable than a trunk, but the Volt is only 2 cu.ft. larger than the PHEV accord. The hatchback only counts for so much…

Actually the Accord PHEV trunk is its major downfall.

The trunk is way worse than Volt’s. When Volt is only carrying 2 people, its back seat can fold flat and become very usable in carry cargo. Accord PHEV can do that in its trunk and its access to the rear seat is very limited. So, it is WAY worse as a “family sedan”. It is only better in carrying the extra person.

Yes, names form the same logic that suggests a PIP is a better value than a Volt. I’m not so sure cars are a mindful thing to folks shopping efficiency. No offense to my kin. This is another unseemly choice of (PH)EV. Who wouldn’t instead buy the Accord hybrid, with the same 2 liter and ~1kwh, for 10k less? Nobody is going to care how wrong KBB is, on this one. They don’t matter.

Current value = fail
Future value = fail

Yep, it holds it’s value.

Ha ha, +1.

I would seriously doubt the KBB’s wisdom here.

Suppose you bought an ultra-rare, and expensive, diesel model of a popular gas car. How easy would it be to find buyers willing to pay the extra for your strange beast, considering that there are plenty of more common diesel cars out there?

Same here. If Honda destines its PHEV to be a white elephant, then white elephant it will remain, and its resale value will suck. It might be the best version of the Accord out there, but used-car buyers won’t be appreciative.

Dr. Kenneth Noisewater

Honda’s system is pretty interesting (not as flexible as Voltec, but likely lighter and simpler) but their PHEV really needs at least 16kWh of battery to warrant that price.

To the resale point, my first thought was “so somebody sold one?” OK that was uncalled for. The Honda Accord has been a family favorite in our household for years. We have owned three. Brian does make a valid point about dual power.

The reason people like Thomas, Kdawg, and myself prefer the Volt is so you can stay in electric mode and have a few more electric miles to drive. EREV drivers prefer this. An Accord driver clearly cares more about the Accord experience. It would be more enticing to me if it had at least 30 miles of electric range, though I really lean toward 50 AER and an extender of some type.

The optimum two car household IMO is a BEV and an EREV of your favorite flavor. No need for an ICE at all unless the ICE sees minimal annual mileage.

I have been waiting for a plug-in I was willing to buy because I am committed that my next car will be a plug-in. I thought this would be the one. But on a $40K car, I just can’t get my mind around wheel covers and cloth seats. I think the honda engineering folks did a great job and the honda marketing folks blew it.. big time. I would buy one if they fixed these things.

The problem with Accord PHEV is the price and limited trunk. For about $10k less, you can buy an Accord Hybrid. With tax incentives, it is at least another $5k difference. 13 miles EV range isn’t exactly all that awesome for $5k. Maybe buyers like that Carpool sticker.

Same logic with the Prius Plugin. Where the price difference is hard to justify except for the HOV sticker.

If you are okay with the 11 or 13 miles EV range, then it would take years to justify the cost difference.

15 miles per day is 5,475 miles per year. @ 45mpg and $3.50/gallon, it is only $425 per year assuming electricity is free. So, it would take decades to make up that price difference.

The added weight will make the long distance HWY MPG slightly worse in the real world as well…