• Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
  • Image Credit: General Motors
One of the biggest mysteries regarding the 2016 Chevy Volt has been revealed. Chevy announced today that the next-gen plug-in hybrid will have an MSRP of $33,995, which includes GM's $825 destination fee. That's a few hundred dollars less than the current Volt, which has an MSRP of $34,170.

The second-gen Volt is about more than a price cut, though. The car has an increased all-electric range (50 miles vs. 38 in the current model) and better fuel economy. Once the battery power runs out – which it doesn't do, in most situations, since 90 percent of all trips are electric-only – the no-longer-premium-only gas engine offers 41 miles per gallon, up from 37 mpg.

We know most buyers are price-conscious, and with the still-available federal tax incentive of up to $7,500, the new Volt can be had for $26,495. That should put a spring back into sluggish Volt sales, which are down 46 percent year-over-year so far in 2015. Through the end of April, GM has sold a cumulative 76,136 first-gen Volts since introducing the car in 2010.
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Chevrolet Announces 2016 Volt Pricing
Next Gen delivers more technology at new price as low as $26,495


DETROIT – The Chevrolet Volt is poised to continue to bring new owners to the electric plug-in family. Pricing will be as low as $26,495 after the full federal tax credit of $7,500. (Federal tax credit can range from $0 up to $7,500.) In California, the vehicle's largest market, residents of the state will be able to purchase the all-new Volt for as low as $24,995 after state and Federal incentives.

The 2016 model will start at $33,995 MSRP, including an $825 destination fee (excluding tax, title, license and dealer fees). This is almost $1,200 less than the current generation Volt.

"The next generation Chevrolet Volt delivers more technology, the ability to drive further between gas fill ups and now with even more value to our customers. It's what our loyal Volt owners told us they wanted," said Steve Majoros, Director, Chevrolet Marketing. "We are confident we will continue to attract new customers to Volt with the vehicle's product improvements and attractive price."

The Volt continues to be a success with the brand with nearly 70 percent of Volt owners trading in a non-GM product or adding to their household fleet in 2014, the highest of any Chevy nameplate. The number one trade-in for the Volt is the Toyota Prius. To date more than 75,000 first generation Volt owners have driven hundreds of millions of EV miles.

Volt owners who charge regularly can expect to drive an estimated 1,000 miles or more between fill-ups (based on GM testing). The 2016 Volt will provide owners with impressive fuel economy of a GM estimated 102 MPGe (electric) and 41 combined mpg on gasoline power.

The new Volt will offer a GM estimated 50 miles of all-electric driving range on a single charge, a 31-percent improvement over the first-generation Volt. This means that new Volt owners should anticipate that approximately 90 percent of trips in a new Volt will be driven all-electrically.

Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4.9 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design, and high quality. More information on Chevrolet models can be found at www.chevrolet.com.

Related Video:

2016 Chevy Volt | 2015 NAIAS

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