General Motors has slashed US$5,000 from the price of the Chevrolet Volt, meaning after allowing for a federal tax credit, the car could cost US$27,495.
The 2014 model will start at $34,995, including an $810 destination fee (excluding tax, title, licence and dealer fees) but if consumers include federal tax credits ranging from $0-$7,500 (depending on individual tax liability), pricing could start at $27,495.
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The $7,500 federal grant for Volt buyers will remain in place until GM builds 200,000 cars.
“The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership,” said Don Johnson, US vice president of Chevrolet Sales and Service. “The 2014 Volt will offer the same impressive list of features, but for $5,000 less.”
The 2014 Volt “will start to be available in dealer showrooms late this summer”, a statement from GM notes. The car is carried over for the new model year, though Chevrolet will introduce two new colours – Ashen Gray Metallic and Brownstowne Metallic – and a leather-wrapped steering wheel.
GM began building the Volt in December 2010. In May 2013, GM’s CEO Dan Akerson said some 26,500 cars had been sold to date. He added that the replacement model would be far cheaper to build and no longer a money-loser. In the US, the price would be $7,000-$10,000 cheaper, he added.
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By GlobalDataAuthor: Glenn Brooks
