‘Unmatched Balance of Technology, Capability and Cost of Ownership’
GM has dropped the price of its Chevrolet Volt by $5,000, announcing that the 2014 model will start at $34,995, including an $810 destination fee. The Volt is a battery-heavy plug-in hybrid electric – or, call it a range-extended electric vehicle – with about 38 miles of no-gasoline capability.
Federal tax credits ranging can bring the tab down to $27,495, and some locales offer even more incentive money.
“The Volt’s lower price will broaden its exposure to price-sensitive prospective buyers,” GM says.
“The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership,” Chevrolet U.S. sales and service VP Don Johnson said in a release. “The 2014 Volt will offer the same impressive list of features, but for $5,000 less.”
“We have made great strides in reducing costs as we gain experience with electric vehicles and their components,” Johnson said.
“The Volt continues to be the best selling plug-in vehicle in America and is attracting new buyers to the Chevrolet brand,” GM says. “More than 70% of Volt buyers are new to General Motors.” Current Volt owners have logged 364 million miles, including 225 million electric miles, GM says.
Bumping the Prius
“Not surprisingly, the Toyota Prius is the most frequently traded-in vehicle for a Volt.”
California continues to be Volt’s largest market. In both California and New York, GM says, drivers can get “coveted” sticker for single-occupancy HOV lane access.
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Source: GM Chevrolet with Fleets & Fuels follow-up