2014 Chevy Volt Price Drops By $5,000


volt-productionAnyone who has been following the saga of the Chevy Volt knows that the single biggest issue facing the plug-in hybrid is its high price. General Motors has said time and again it wants to lower the price of the Volt by as much as $10,000 for the next generation. For now, the 2014 Chevy Volt price has dropped by $5,000, meaning you can buy a 2014 Chevy Volt for under $30,000.

A next-gen Volt is still a few years out, and competitors like the Nissan Leaf, Smart ForTwo Electric Drive, and Fiat 500E have all entered the EV market with drastically reduced prices. The Nissan Leaf price dropped by a whopping $6,400, and with tax credits the Fiat 500E sells for around $22,500 in California (though most “sales” are actually leases).

With growing competition from lower-priced electric cars, the Chevy Volt suddenly seems like the MSRP outlier with a starting price of $39,995. The $5,000 price drop brings the entry-level Chevy Volt down to just $34,995, and with the Federal tax credit available nationwide the price is really $27,495. In California, which adds another $2,500 in state incentives, the Volt’s starting price is just $24,995. And in Colorado, which throws $6,000 on top of the Feds $7,500, you can get an entry-level Chevy Volt for just $21,495.

Suddenly the Chevy Volt looks like a much more value-oriented alternative to conventional hybrids or pure electric cars, offering the ability to squeeze 2,300 miles of driving or more from a single gallon of gas. No features have been dropped to get this lower price either.

With Chevy Volt and Nissan Leaf sales neck-and-neck for 2013, this drastic price drop could bring more customers into Chevy dealers. If you ask me, the $27,495 price point (thanks to the tax credit) is right where the Volt price needs to be in order to really penetrate the market. Americans are increasingly turning to hybrids and EVs, and the Volt’s new price point makes it much more accommodating to the Average Joe.

Is this price drop going to attract the number of buyers GM was initially hoping for? Sound off in the comments if you are suddenly considering buying a Chevy Volt.

About the Author

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or else, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.
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  • crabbyolddad

    Unfortunately for the electric car fans, this price drop is being underwritten by GM and whatever government branch is involved. (Where’s the right wingers complaining here!!) The true practical application of full electric cars is very limiting. Inner city, minimal commutation. Longer drives, and I’m not talking cross country here, of 100 miles, require a stop to recharge, and that isn’t as quick as a cup of coffee and a donut either. To invest $35K or even $25K on a car that has such a limited practical use is a bid out of the range of middle America. Hybrids that are really hybrid, not just GMC Suburbans with BS Hybrid drivelines, are a realistic alternative, but anything fully electric is not now and probably never will be a viable alternative to other vehicles. And all the hoopla about Tesla is just that, hoopla. Tesla has a very expensive exotic vehicle that has many good points, but has one extremely bad one, price. Tesla does not offer Mr and Mrs Average an alternative. The Tesla vehicles are nothing but toys for the very wealthy. You aren’t likely to find them roaming the roads of Kansas unless they are lost. And then their batteries will probably go flat and they’ll need a tow!

    • Dave H

      Chevy obviously needs to do a better job of explaining that once the Volt’s 35-40 mile pure electric range is depleted, the Volt will continue to run as a gas/electric hybrid for hundreds of miles. The beauty of it is you can run it as a pure EV for most of your daily needs, but still have a hybrid car for the occasional long trips when you need it.

    • Tim Cleland

      The Volt is the one EV available that makes the concerns in your post moot. It’s an EV for most of the time, but if you need to go on a long trip, it’s a hybrid. No need for a second car, no worries about recharging

    • mlhoheisel

      Sorry crabbyolddad but this is another one of those things like smart phones you just aren’t grasping very well. Both Tesla’s pure electric and the chevy volt plug-in hybrid are very practical alternatives now and will rapidly move down in price as production volumes rise. In10 or 15 years IC cars won’t be competitive.

    • matese

      Sorry friend but I bought a volt about 6 months ago, I commute 80 miles per day plus drive the kids around at night and I’ve bought all of 6 gallons of gas so far. The rest is battery. I do have access to a charger at work, but otherwise it’s been an amazing savings. I track my personal finances down to the penny and I’m saving $273 a month after accounting for electric costs to charge my volt. Not only that, my volt cost me about 23k which I purchased new and to own (not lease). So all of that stuff you said – sorry, not relevant or accurate based on my real life experience.

  • JJ

    The problem with GM is that they have always needed to spent lots of money to sell crap. They spend up to $1 Billion a year for marketing, that says it all. They are more concerned about feeding their own management than making quality product/services for the consumer.

  • Wiggletoes

    The Volt (EV’s) is a means to put parts into production for future hydrogen fuel cell cars (3 to 4 times mileage) so now that part prices are declining its seems apparent manufacturers are doing an excellent job of pre hydrogen fuel cell car production so hopefully they are licensing/developing the new liquid catalyst fuel cell tech and planning for full production. Then fuel with 2nd gen (from agricultural waste) ethanol and family cars will be out of the carbon loop.

  • UncleB

    World awaits the newer, better electric storage systems, the carbon fibre, and all aluminium, bonded ultra light bodies, the in-hub motor drives and the societal changes forced on the ‘American Dreamers’ to a more centralized lifestyle with longer trips made on Chinese styled electric bullet trains powered by domestic thorium LFTR styled reactors over high priced foreign oil fuelled jet flights? These transitions will occur, and in comfortable fashion, as America begins to approach 21 Century developments and realizes that it must relinquish its 20th Century Golden Age, Cheap Oil Era, habits. We see the buds of the paradigm shift in the Volt, Spark, Leaf, even the White Zombie Drag car,and others. Even as the diesel age is passed over for an all-electric transportation solution, in a fossil fuel poor country, They are building three large nuclear installations the first in generations, to meet the new energy challenges of this 21st century. To further understand the Energy situation in the now ‘Global Village” Please study and review the Chinese position on world energy revealed here in this video:
    http://www.youtube.com/watch?v=5UT2yYs5YJs Kun Chen from Chinese Academy of Sciences on China Thorium – Then reach out to the following good news from the U.S.A:
    http://gigaom.com/2013/07/15/what-is-graphene-heres-what-you-need-to-know-about-a-material-that-could-be-the-next-silicon/ where energy storage densities as high or higher than gasoline are making even electric flight possible and soon enough practical.
    In light of these articles I conclude with my favourite cut and paste from the net:
    “Had the $4 Trillions+ spent on Iraq, been spent even only on conventional Solar/Thermal development of South Western U.S.A. – Today, Americans would receive a huge ROI ( “Return On Investment”) in cheap electricity, in place of horrendous tax rates to service unpayable war debt to China. Americans would be gainfully working, using this renewable, perpetual, eternal, clean, radiation free, radioactive waste free, domestic, electricity source – to compete in world markets with well priced products, to irrigate dry lands, to heat and cool homes, and much less foreign oil would have be imported, fewer “Parasite Nations” supported. This is the lost “opportunity cost” for having Saddam’s scrotum on the Bushes mantlepiece? Shiite eh!”
    P.S., (Oil, gas, wells do go dry, not really sourced from an eternal pipe up &Allah’s-ass, as some believe – But, the Sun never stops
    shining, Wind blows forever)

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