Yesterday, General Motors and Chevrolet announced the second-generation 2016 Chevrolet Volt would retail for $33,995. But, with the full federal tax credit, the price may drop as low as $7,500 less, bringing the total to $26,495.
These prices include the $825 destination fee, but exclude tax, title and license and, deepening on where you purchase, dealer fees. At the end of the day, punching these new numbers in a calculator will show a $1,200 decrease in purchase price from the first-generation Chevrolet Volt.
For $1,200 less, buyers can take advantage of 50 miles of pure-electric range, 31 percent greater than the outgoing Volt. According to GM testing, owners who regularly charge their 2016 Chevrolet Volt should see an estimated 1,000 miles or more between visits to the petrol station. The 2016 Volt is estimated to receive 102 MPGe, but also an impressive 41 MPG when running on the range-extending gasoline engine.
Previously, our educated guess was $29,995 for the 2016 Volt. Based on your logic we either overshot it, or were hoping for something a tad more affordable. There is no denying the fact, though, that buyers will be receiving much more green, for a tad less, well… green.
So, what’s your say? Has GM priced the 2016 Volt too high? Or is the new price point going to bring a wave of new PHEV owners into Chevrolet dealers? Let us know in the poll and, as always, talk to us in the comments down below.
Comments
The more these become mainsteam and an acceptable way of transportation for the masses, the more I think the prices will become reasonable.
A lot of technology for the money.
Paul is right with Volume come lower cost to build and sell. That was the whole point of doing the last car and then this car. This is a segment that has to grow and if GM did not bite the bullet on the early models there would be no later models.
It would have been easier with a Cadillac but it also would have delayed the lower priced Chevy. Also until Tesla no one in the industry thought a electric sedan that high priced would sell. Now they know different and we will see an All electric Cadillac sedan this time to replace the ELR.
At some point I expect the price to be just a little more than standard gas models and much more range.
No, the cost of the extra battery will always make a Volt type vehicle more expensive. You have to pay for the battery.
What makes the numbers work is the gas $ saved vs. the battery cost. With 50 miles on electric many customers can drive gas free for a year. That is how you need to look at it.
I expect in the end these cars will get closer to the price of what is a fully Loaded LTZ is now or what ever they call it later. Not all these cars have all the trick options so while it may not be a base model price I can see them getting to the premium model price at some point.
I think the pricing is definitely in line with what you get for your money. It’s a beautiful car and the tech is par excellence. Ask any owner of this car and they will tell you it is one of the best if not the best car they have ever owned. Compared to the Prius or any ford plug in with 13 miles of range i am on board wita volt.
I think the pricing is fine but the styling leaves a lot to be desired. If the Volt looked like any other car in Chevy’s lineup, it would sell better
The savings is greater than the $1,200 posted above. The first generation Volt started in 2010 at $40,000. The next gen Volt will start at $34,000. That is a $6,000 or 15% price reduction for a new model. You cannot consider the discounts per year because the true compasion is always for the very first year. Then you consider later how the following years GM may or may not lower prices. Most car vendors increase prices for newer models, so this is a great deal.
The price is just right for all the technology you are getting . As soon as gas prices start to rise again this market will improve . Would like to see the new XT5 offered with some sort of electric power . There was a concept of the SRX at one time that was electric , if it is offered in a SUV in the 5 seat version , place my order .
I would have liked seeing a lower price in an effort to achieve greater volume for Volt.
A vehicle this advanced if positioned properly, can have a dramatic halo effect over the entire brand.
The last generation Volt didn’t turn a profit and I highly doubt that this version will, either. The 2016 Volt, if sold in high enough numbers, can lead the segment as we head up to the third generation.