Chevrolet announced pricing for the redesigned 2016 Volt on Sunday. Will it get more buyers interested in the plug-in hybrid?
The pricing, which includes delivery, starts at $33,995, according to an email sent out by Chevrolet on Sunday. That’s a price cut of more than $1,000 compared to the outgoing 2015 model. $34,345
“The price may…disappoint Volt fans who had hoped the price would fall to a level closer to $30,000,” wrote John Voelcker of Green Car Reports. But it does get the Volt closer to the average price of a new vehicle. “The $34,000 price puts the Volt very close to the average price of a new vehicle: According to KBB, last month the estimated average transaction price for a light vehicle sold in the U.S. was $33,560,” Voelcker wrote.
The 2016 Chevy Volt, however, does qualify for the $7,500 federal income-tax credit for electric vehicles, as well as a $1,500 rebate from the state of California. “Pricing will be as low as $26,495 after the full federal tax credit of $7,500,” Chevrolet said.
And the 2016 Volt offers greater range on a single battery charge. “Volt lets you drive up to 50 EV miles on a single charge, nearly 30 percent greater range than the previous model,” Chevrolet said in the release. The first-generation Volt, which includes the 2015 model, gets anywhere from 35 to 40 miles on a single charge.
The Volt is a plug-in hybrid, which means it comes with a range-extending gasoline powered internal combustion engine (ICE). With first-generation models, the ICE typically adds about 300 miles on top of the EV (electric vehicle) miles.
In April, Volt posted sales of 905 vehicles, its best month since December. But sales, overall, have trended downward in the past 12 months while GM readies the redesigned 2016 model. In total, GM has sold 76,136 Volts since the car’s introduction in December 2010. The Nissan Leaf, a pure electric car, with an average rated range of 84 miles, saw April sales of 1,553 units. In the U.S., Nissan has sold a total of 77,960 Leafs since its introduction.