GM Aiming To Cut Chevy Volt Cost By $10,000

By most measures, the Chevy Volt has proven to be a successful and clever plug-in hybrid vehicle in every regard save cost. At $40,000, it is still quite an expensive car even with the $7,500 Federal tax credit. CEO Dan Akerson knows this, and says that GM is seeking to slash the Volt’s price by as much as $10,000.

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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?

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Chevy Volt Based Cadillac ELR Will Roll Out In Late 2013

Many in the automotive media world have questioned why GM produced the Chevy Volt as, well, a Chevy. Wouldn’t a high-tech, high-priced car like the Volt be better positioned as a Cadillac? Well we will get our answer in about a year, as GM has confirmed a few key facts about the Volt-based Cadillac ELR, including a production date of late 2013.

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