Chevrolet Volt Drops Significantly In Price

With lower-cost options entering the electric vehicle market, and other manufacturers offering price cuts on EVs, General Motors has slashed $5000 off the price of the Chevrolet Volt range-extended electric vehicle. The 2014 Volt will have a lowered MSRP of $34,995 (including destination charges). Factor in the $7500 tax credit, and the Volt’s entry price sinks to $27,495—which is a lot easier of a pill to swallow.

 

 

Recently, Nissan dropped the price of its Leaf EV to $29,650, cutting $6500 of the purchase cost. Since the price adjustment, Leaf sales have outpaced those of the Chevy Volt. Ford also dropped the price of the Focus Electric from $39,995 to $35,995.

 

Additionally, other EVs have joined the foray with low prices of entry, including the Fiat 500e ($32,600), Smart Electric Drive ($25,000), and Chevrolet’s own Spark EV ($27,495).

 

GM expects to reduce production costs for the next-generation 2015 Chevrolet Volt by $5000 to $10,000.

 

The 2014 Volt is identical to the 2013 model, except for offering two new color options and a leather-wrapped steering wheel.