Hybrid Vehicles 2007 Chevrolet Volt Concept. X07CC_CH010

Published on January 18th, 2013 | by Christopher DeMorro

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Next Chevy Volt To Cost “Thousands” Less

While electric vehicle sales haven’t been exactly inspiring, the Chevy Volt has managed to pick up some serious steam among consumers despite its $39,995 MSRP. With a next-generation Volt already under development, GM’s President of North America Mark Reuss has said that they will shave “thousands of dollars” from the price. But is it enough to make the Volt a true mass-market competitor?

It really depends on just how much money Reuss and GM think they can cut from the cost of the Volt. Right now, there is a lot of room for improvement, as even with the $7,500 Federal tax credit, the Volt still rings in at $32,495, a substantial sum for a vehicle based on the Chevy Cruze. But if GM could get the after-rebate price below $30,000, that could open up the market to more consumers.

And it can be done. Nissan just announced a huge, $6,400 price cut for the Nissan Leaf. When combined with certain state and Federal rebates, the Leaf can be had for around $20,000 or less. While we don’t expect as large a price cut to the next-gen Volt, refinements in battery and motor technology could see substantial savings over the current model.

Reuss goes on to say that GM still believes in EVs, and that the eulogy for the electric car that some outlets are singing is premature. Fair enough, but with sales of most EVs stagnant at best, it is hard to trumpet the success of electric vehicles either. Can the Chevy Spark EV reignite the public’s passion for electric cars? GM is hoping so…though right now, the Volt seems like a better bet.

Source: Automotive News


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About the Author

Chris DeMorro is a writer and gearhead who loves all things automotive, from hybrids to HEMIs. When he isn't wrenching or writing, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.



  • http://neilblanchard.wordpress.com neilblanchard

    Boy, that Volt concept car is fugly.

    Neil

  • Pingback: Chevy Volt Vehicles Outsell All Plug-In Cars in the U.S

  • http://gravatar.com/zivbnd zivbnd

    GM needs to cut at least $3,000 off the MSRP of the Volt in June when they announce the 2014MY Volt. They cut the MSRP of the Volt by around $1000 already, but the MSRP should be reduced to reflect the actual sales price after incentives that has become the norm at the dealers that are selling the Volt in any quantity and also to gain some good PR after years of anti EREV articles.
    But what they really need to do even more is to build enough Volts so that there is more than 5 or 6 weeks worth of inventory on hand. Selling 2900 a month when you are only building enough to have an inventory of 3800 (and hundreds of that 3800 figure are still at Hamtramck) is like trying to squeeze a fire hose worth of water through a garden hose.

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