General Motors has cut US$1,000 from the price of the Chevrolet Volt as the car is finally rolled out in all 50 states for the 2012 model year. Until now the extended-range electric hatchback has been available in only seven states and the District of Columbia.

The suggested retail price for the Volt will start at US$39,995 (or US$32,496 with a full federal tax credit of US$7,500), which is more than US$1,000 below the 2011 model year car's base price. However, pricing works both ways and thanks to the availability of four extra option packages, a fully-loaded Volt can now cost as much as US$46,265 including delivery (US$38,765 net of the full tax credit).

"We are giving consumers greater choice of content as the Volt becomes available nationwide by the end of this year," Cristi Landy, Chevrolet's marketing director for the Volt states. "This gives us the opportunity to be more flexible in our pricing and still provide additional high-tech content to customers who want to purchase it."

The Volt is due to be launched in Europe, China and Canada by the end of 2011, GM recently confirmed. The company is about to temporarily close the Detroit-Hamtramck plant where the car is made so as to give it expanded production capability. GM is looking to build a combined 16,000 units of the Volt and its Opel and Vauxhall Ampera derivatives by the end of 2011. For 2012, the target is 60,000 cars, of which 45,000 would be for the US market.