• Jan 19th 2010 at 10:58AM
  • 76

2011 Chevrolet Volt – Click above for high-res image gallery

$40,000. That's the potential price we've heard for the first-gen Chevrolet Volt for ages, and it's the number we get again, now that the recent "low 30s" price rumor has been put to rest. Again.

General Motors spokesman Dave Darovitz confirmed to Green Car Reports that GM CEO Ed Whitacre's recent statement that the Volt would be priced "in the low 30s" and be profitable was misleading/inaccurate. The reality is that the car will cost around $40,000, and a possible $7,500 tax credit from the federal government would move the price into the low 30s. Specifically, Darovitz confirmed to GCR that, GM "has not officially announced final Volt pricing, a price in the low 30's after a $7,500 tax credit is in the range of possibilities." We knew that. Why would we think it was anything else?

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    • 1 Second Ago
      • 5 Years Ago
      Also, with a sticker price like that, there's less of a chance that the dealerships will tack on "market demand price adjustments" on the first batch...oh, wait, what am I saying?
      • 5 Years Ago
      Of course it had to be clarified. Anything that's good from Govt Motors is always too good to be true!

      What a load of BS. Isn't anyone else royally pissed that they're going to be subsidizing this hideous POS, and the idiots who buy them, with their tax dollars?

      • 5 Years Ago
      The tax credit is non-refundable. So you'll have to have enough tax liability. I'd just tell my employer not to withhold any taxes from my paycheck since I'd use that money to buy the volt and then claim the credit and not have to pay the government nor wait for a refund on it.

      As to someone mentioning it being tied to income, its not. Its based on battery pack size. Hence why the 16kwh battery in the volt gets maximum $7500 credit. A 4kwh pack gets the minimum $2,500 credit.
      • 5 Years Ago
      Self interest is exactly what dictates the necessity of altruism. If your existence does not benefit another's, there is no reason for people not to kill you and loot your stuff. We either have to have healthy altruism, or complex and overbearing law enforcement (ie big government).

      I prefer less government intrusion in my life, viz. I am for altruism, an integral and necessary part of the free market dynamics of capitalism. Only Marxism allows people to be oblivious to the society in which they live.
      • 5 Years Ago
      I do not think there is a tax credit when Volt is leased?
      • 5 Years Ago
      GM needs to have this car START at just below $30k.

      This car will be slightly smaller than a regular "mid-size" car, and you can already option-out most of them to well past $30k (an Accord EX-L is ~$32k), and they are no where nearly as tech-heavy and cutting-edge as this Volt. So starting about $5k above what a "regular" family sedan starts off at is where GM should be aiming for, even if that means taking a bath on the first couple of year's worth of production till component costs drop (for reference, see Toyota and how it's handled the Prius).

      Of course GM is in such bad shape financially, that they might not honestly be able to do that which is going to hamper sales and then "force" them to drop the Volt's price with incentives. So honestly I think they are damned if they do.
      • 5 Years Ago
      get your facts straight before you start talking out your @$$. this isn't a GM or Volt specific rebate. It's a rebate for cars with a certain size or larger battery pack. Any company can make a vehicle that qualifies
        • 5 Years Ago
        boxer, please do the world a favor and smash your keyboard to bits. someone posted asked why the govt was encouring people to buy GM cars as opposed to other brands and I pointed out that the rebate applies to cars of any brands. We weren't discussing whether it was right or wrong, moral or immoral, legal or illegal, but you still had to jump in with that BS.

        Just because you're a guy with a keyboard doesn't mean anyone wants to read your simplistic ideological rants in every damn post.

        And don't bother calling me a commie or a lib, because this has nothing to do with my political, social or economic view points. I just hate people like you who think that everyone needs to care what they think just because there's a keyboard in front of them and that if they yell the loudest, they'll be right.
        • 5 Years Ago
        That doesn't make it right for the government to take tax dollars by force of law, to pay for someone else to buy a car, ANY CAR.

        It is immoral, and by a strict interpretation, is illegal. That is not an enumerated power of the government to be able to perform.
      • 5 Years Ago
      Reality check for those who thought they'd trade in their Prius for a Volt.

      Unless GM creates a heavily-subsidized lease program, the Volt will only be an alternative to the BMW 3-series owner or similar more expensive vehicle.

      The problem with the tax credit is it is not an immediate rebate (like Cash for Clunkers), so the owner will be faced with a $40,000 sticker price and won't get their $7,500 tax credit for awhile.
      • 5 Years Ago
      Alright, we get it GM, you'd like to sell these, you know 40k is a tough price point, and you're dependent on the $7500 to sweeten the pot. That makes sense. Just reign in a few of your employees so they quote the actual MSRP. You don't see VW employees quoting the post tax credit price up the ying yang in the vernacular as the cost of the car for their TDIs. You've made your point, americans are as eager for a range extended car as we are to drill baby drill. fine. bring it to market, quote the actual cost, then provide any information about tax credits and watch these things sell as well as you've been assuring us for years.
      • 5 Years Ago
      Next year by the time volt comes out in all dealerships for 40k , I could probably buy a Mi-EV and a Ford Fiesta and drive both depending on the trip distance and have fun.
      • 5 Years Ago

      Government Motors should price them at $60,000.00. That price is very affordable for the greenie movie stars that will buy them.
        • 5 Years Ago
        Heck, for a gas-free commute (i.e. no $0.30 cents a mile!) I'd be perfectly willing to pay $40k, assuming it's built to last as long as normal, good car. That would save me $2 a DAY, $60 a month, $720 a year. That's not bad ... then calculate in drastically fewer oil changes ... Keep the car an average lifespan of 12 years, you've saved yourself around $10k all told. Not too bad, I'd say. I'm tempted, and I love the smell of dino juice.

        Capitalism and Environmentalism are generally in line with each other.
        • 5 Years Ago
        You save 10K, but you have to charge that car somewhere, and electricity is not free, nor is the installation of the fast charger which you will more than likely want. Also, you can buy the Cobalt (or the new Cruse) for 20K, and still save 12,500 over the price of the Volt AFTER the tax break.

        Nope, VOLT makes no financial sense, but it is a fine entry into the world of "green" cars for GM.

        Or, buy a Prius for 22-25K, still save 7-10K over the price of Volt after the tax break, and get 50mpg..
        • 5 Years Ago
        @James Sonne

        You are being quite optimistic that this car will last 12 years... much less its expensive-to-replace battery pack.

        While this car makes (some) environmental sense, it makes zero fiscal sense to the consumer, given the other options available. Your average consumer isn't going to want to wait 12 years (and that's under optimal conditions, btw) for payback on a vehicle.

        The reason the Prius has been a huge consumer success, is that it is competitively priced in its segment, regardless of its hybrid status.

        The bottom line is that this car is arriving to market at the same time as a lot of other competitors, and it is priced about $10k too high. The only way they could possibly sell any of these is if market perception shifts somehow, like $4.50/gallon gas. Even then, the Prius and Fusion Hybrid are much better buys.
      • 5 Years Ago
      Like everything GM does, this will be a flop again. I mean hillbillies can afford a 2 door cab Chevy, but how many you see with the more up in price trucks? Most of those are at around 15-22k after incentives and all that. But at 33.xxx for a VOLT, lol. FAIL GM, FAIL
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