Price of 2016 Chevrolet Volt cut by $1,200 down to $27,320

General Motors is dropping the price of its upcoming plug-in hybrid car, the 2016 Chevrolet Volt, by nearly $1,200.

The base price of the new Volt will start at $33,995, including shipping, when it goes on sale this fall. However, it should be noted that the price does not reflect the $7,500 federal tax credit for electric cars.

Including the federal electric car tax credit the Volt would only cost $27,320.

In addition, there are state incentives in California that would cut the price further, down to $25,820, and California is the vehicle’s largest market.

The 2016 Chevrolet Volt.

The new Chevrolet Volt will be capable of traveling for approximately 50 miles solely on its battery before the gasoline generator takes over. The current model, in comparison, travels for 38 miles on battery power.

Compared to the 2015 model, Chevrolet expects the new Volt to have a 31-percent range improvement.

Volt owners who charge regularly can expect to drive an estimated 1,000 miles or more between fill-ups (based on GM testing).

According to GM, the company was able to cut the price because lithium-ion batteries and other costs have decreased.

 

Steve Majoros, Director, Chevrolet Marketing, said:

“The next generation Chevrolet Volt delivers more technology, the ability to drive further between gas fill ups and now with even more value to our customers. It’s what our loyal Volt owners told us they wanted.”

Majoros added:

“We are confident we will continue to attract new customers to Volt with the vehicle’s product improvements and attractive price.”