The 2014 Chevrolet Volt, due out in car showrooms later this summer, is going to be $5,000 less than current models. It will start at $34,995 including shipping. That’s including an $810 destination fee. That’s a savings of 12.5 percent off the sticker price.
Electric car prices have begun to drop down for various reasons. They have been slow movers, and GM and other automakers have been forced to cut electric car prices or offer discounted leases to get them moved off of dealer lots.
Some of the other factors that have lead to electric cars, like the Volt, becoming more affordable are relatively stable gasoline prices, more efficient car engines, and increased competition from new models.
According to GM, if you include the $7,500 credit you can get from the government, the Volt could cost as little as $27,495. While GM has sold 11,643 Volts through July, up 9.2 percent from the same period a year ago, that’s nothing compared to their current rival, the electric Nissan Leaf. It has seen sales more than triple to 11,703. That’s after the company cut some features on it and lowered the base price to $29,650, including shipping costs.
The car could cost as low as $27,495 after federal tax credits, putting it in line with the base Chevrolet Impala.
The Volt doesn’t travel very far on a battery charge, just about 38 miles on a battery charge. But then a small electric motor kicks in to power the car until it can be recharged.
Another factor is that GM said it has cut costs as it has gained experience making electric vehicles and parts. It has also added features and increased the car’s battery range.
Also, unlike Nissan’s all-electric Leaf and Ford’s Focus Electric, the Volt has a backup gas engine that should give it more appeal to motorists who want to stay green without having the inconvenience of finding ways to plug in wherever they go.
One other important factor the Volt has going for it is customer satisfaction. The Volt has an increasing base of owners who love the car. It topped the Consumer Reports owner satisfaction survey the past two years running, and an industry-leading 92 percent of owners would buy it again. Outside of tire rotation for the first 45,000 miles, the car basically requires no maintenance.
The Volt, as stated earlier in this article, can go on electric power alone for 38 miles. That’s enough, GM says, for most people to get to work and maybe back, too. GM says owners average 900 miles between fill ups, which, along with the reduced price, could make the 2014 Chevrolet Volt the next car you want in your garage. All this, at a price which, after federal tax credits, is expected to be $5000 less than the current Volt model.
Written by: Douglas Cobb