2014 Chevrolet Volt Priced From $34,995

1 year ago by Jay Cole 73

2014 Chevrolet Volt, Now Priced From $34,995

2014 Chevrolet Volt, Now Priced From $34,995

General Motors has announced that the 2014 model year of the Chevrolet Volt will come with more than just some new color choices (Ashen Gray Metallic and Brownstone Metallic), it will also come with a significiant MSRP reduction of $5,000, putting the rest of the plug-in competition on notice that GM is serious about being the best selling plug-in for America.

2014 Chevrolet Volt Interior - Leather Wrapped Steering Wheel Anyone?

2014 Chevrolet Volt Interior – Leather Wrapped Steering Wheel Anyone?

The 2014 Chevrolet Volt starts $34,995 , which includes the $810 destination fee.

“The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership.  The 2014 Volt will offer the same impressive list of features, but for $5,000 less.” – Don Johnson (yes that is his real name), U.S. vice president, Chevrolet sales and service.

GM also notes that with the federal government’s plug-in credit program, the Volt could cost as low as $27,495.

In a GM statement, Johnson said, “We have made great strides in reducing costs as we gain experience with electric vehicles and their components.  In fact, the Volt has seen an increase in battery range and the addition of creature comforts, such as a leather-wrapped steering wheel and MyLink, since its launch in 2010.”

New Color Choices For 2014 Volt - Ashen Gray Metallic and Brownstone Metallic

New Color Choices For 2014 Volt – Ashen Gray Metallic and Brownstone Metallic

Previously this year, GM had effectively cut the 2013 MY Volt’s MSRP by $4,000 through rebate programs, perhaps in response to the new entry level 2013 Nissan LEAF, which started at $28,800.  A reduction in 2014 pricing was expected, but not to this magnitude.

Without the price drop, GM perhaps would have faced some pricing pressure from BMW, whose i3 started from $41,350, and from $45,200 with range extended option, only about $6,000 more.  Now, that potential issue has been put to bed.

2014 Chevy Volt - HOV Sticker Eligible In California

2014 Chevy Volt – HOV Sticker Eligible In California

We feel confident that this significant reduction will cement the Chevrolet Volt’s “best seller” status in the United States for the remainder of the year and throughout 2014.

The 2013 Chevrolet Volt saw a battery capacity increase from 16 kWh to 16.5 kWh, as well as some great efficiencies that lead to the EPA revising its all electric range from 35 miles to 38 miles.  Total range of the plug-in extended range remains at 380 miles for 2014.

The Volt is also still eligible for the “green” California HOV stickers through its low emissions package.  That program is capped at 40,000 stickers and should remain available for the bulk of the 2014 MY Volt selling program.

At time of press no revised national lease deal/rates have been made available.

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73 responses to "2014 Chevrolet Volt Priced From $34,995"

  1. Taser54 says:

    Get the Popcorn, 2nd half of this year is going to be interesting.

    1. George B says:

      Yes, that’s exactly what I was going to say as well. Things are certainly getting interesting in EV land, and faster than I would have predicted. Excellent news!

      1. kdawg says:

        Wow! Time to update the spreadsheets. So what does this do for 2013 prices?

  2. MTN Ranger says:

    Correction, the $34,995 includes the destination fee.

    1. Jay Cole says:

      Thanks MTN Ranger, I will note that in the piece.

      I will plead the fact it is (currently) crazy late at night (if you are Eastern Standard) when GM decided to drop this news. /I don’t sleep

      1. MTN Ranger says:

        I’m east coast, but I’m recovering from west coast jet lag today.

      2. robster1979 says:

        Do you ever sleep? When there is EV news, there is Jay:-)

        1. Mark H says:

          +1 robster. Sometimes it’s just scary… This is the kind of news that keeps us all here though so thanks Jay.

          1. Jay Cole says:

            Shhh! My ears are burning, I’m trying to get some sleep now!

            …but seriously, thanks for good vibes, it is nice to hear from time-to-time, (=

  3. Dan Frederiksen says:

    Gotta wonder how such a price drop is possible unless they massively overpriced it to begin with..
    which of course they did.
    And it’s still quite overpriced. Now it’s only double the price of a Cruze and LGchem batteries cost less than 200$/kWh. Which is 3000$ for the pack.
    They could easily be profitable at 25k$

    1. Taser54 says:

      Calling them “jackasses” is poor form-disparaging remarks do not further the conversation.

      1. Eric Loveday says:

        Agreed Taser54…we’ve edited the comment to remove the word in question.

      2. Open-Mind says:

        Disparaging remarks are fine when directed at Fox, Conservatives, Republicans, etc. Case in point:

        http://insideevs.com/sarah-palin-kicks-fisker-now-they-are-down-swipes-at-losers-tesla-that-build-bricks-and-chevy-volt-musk-tweets-his-feelings/

        No censorship in those threads. Double standard. Slippery slope.

        1. Aaron says:

          This is Dan Frederiksen we’re talking about. He trolls ALL the threads. We’ll make an exception for him.

    2. ItsNotAboutTheMoney says:

      Except of course that nobody actually knows what the manufacturing cost are. According to LG charts the cells aren’t yet at $200/kWh and that’s before all battery integration and warranty costs.

      Then there’s the cost of the motors and the inverter. Then there’s the $1.6B in development costs that need to be amortized over vehicle sales.

      Given that GM has had a running $3k to $5k manufacturer discount on the Volt for quite a while now, an MSRP drop of $5k isn’t actually that big a stretch for them and could simply be ZEV and the competition forcing their hand.

      Still, the $5k off MSRP is great news and much better for the customer than a rebate.

    3. MTN Ranger says:

      After tax credit the Volt is now only $2-3k more than a loaded Cruze.

    4. Suprise Cat says:

      Cost of battery cells != costs of battery pack.

  4. Jmcrat says:

    If you sell this car at that price in Spain or the rest of Europe there wouldn’t be enough production. The problem is that we have to pay a lot of taxes…the tesla model s here in spain costs to the change 102.000$. Calculate the difference…

  5. Surya says:

    Today the Opel Amera (rebadged Volt) costs €44.995 in Belgium. That’s almost $60k. I just asked if we can expect a similar drop in price over here.

    1. robster1979 says:

      Hi Surya. That’s exactly the question that cam to my mind. The Ampera is just to overpriced to sell decently in Europe. Besides the fact that the interior is to ‘plastic fantastic American’ to the liking of most Europeans. I really hope the price of the Ampera comes down with 5k in euros

      1. pjwood says:

        Few people bring up the plastic, but I wholeheartedly agree. I’ve been living with a fitness strap around the console, where my knee hits, and never figured out how something so supple looking could be rock hard. BMW and VW Group have some nice dash solutions, but to be fair “leatherette” (VW) is some aweful stuff to sit on.

  6. Dan says:

    This is excellent news. Assuming Onstar will release a Windows Phone app, this all but confirms that I’ll be getting another Volt when my current lease is up.

  7. Lou Grinzo says:

    This is excellent news. We need as many cars with plugs on the road as possible.

    It also helps in the agonizingly slow and frustrating process of public education about EVs and PHEVs. Everyone on this site knows all about them, but the majority of consumers in the US still have some decidedly weird ideas about pluggable cars. The more Volts and Leafs and whatevers there are tooling around the roads, the more people suddenly have a neighbor or relative or co-worker who owns and loves one, the quicker we’ll get over this hurdle. I’m convinced that by far the biggest constraint on EV sales right now is not price or availability or lack of a recharging infrastructure, it’s the misperception that EVs are “not real cars” that “don’t go in snow” (I’ve heard that, believe it or not) or are simply “weird”.

    We need to help people understand that for a huge portion of intended uses EVs are “real cars”, just better, and great options.

    1. Ocean Railroader says:

      I once talked to someone about them and they thought that you get affected by the EMP of the electric motor as you drive. I said that wasn’t true. I have also talked to people who said that they didn’t even know they existed.

      Personally so far I have never seen a pure EV driving on the road under it’s own power or parked in a parking lot. I have seen three different plug in gas cars driving on the road but not a pure EV. As for the Chevy Volt I think it will do very well in my area in that a lot of people like plug ins.

      1. Assaf says:

        Both Lou and Ocean are right on the money in your comments. It’s all about perception and psychological barriers now. Leasing pure EVs (except for Tesla) has become a ridiculously good deal. And the Tesla itself seems to be a ridiculously superior car.

        Ocean, I assume you are not on the West Coast, right? Here in Seattle there’s now hardly a trip you can make without seeing either a Leaf or a Tesla S. Or more than one. Well, personally I can just look at the roadside in front of our home and see one :)

        1. Ocean Railroader says:

          I live on the east coast in Richmond electric cars and plug in cars are extremely rare. The first ever plug in car in life that I saw drive into a parking lot was a plug in Prius of May 2013. And there was a plug in Ford Focus and I saw a red Chevy Volt driving down the highway once. What is interesting about the Richmond area is that there are as many cars as people and all of them are mostly all gas powered. Also the whole area is extremely dependent on gas cars in general. It is also extremely rare to see a plug in car and you can go months or weeks without even seeing them in full parking lots. As for the local group of EV’s I have seen I often refer to them as the Herd. Right now I do not own a EV but would like to get one when I get my first career job mostly the Tesla or the volt or if they come out with a 150 mile range leaf. The thing with evs that me and a lot of other people have in Richmond is that a lot of people like to have 40 and 50 mile commutes one way and there are no plugs whatsoever in any of the shopping malls or other areas.

          It is also wild some of the crazy anti EV stories there are out there. Such as one guy told me that it would cost $8,000 to get rid of the batteries along with several people saying they will crash the power grid when they come on in the tens of thousands. But over all a lot of people in my area don’t even know Plug in cars and electric cars exist. But when you do mention them half the people do know about and respect the Tesla.

          As for EV prices a lot of people always like to bring up the cost of the EV’s saying that they are over priced and have bad range. Also a lot of people in my area are going out and buying a lot of new Prius in that the local population of them have exploded in the last few months where there are anywhere from three to six of them in every parking lot in the area.

  8. David Murray says:

    This is great news. I just hope that they are able to sell them profitably at that price. I am hoping they have had some cost reductions. I know they recently moved production of the battery pack to the USA. Hopefully that is the source of the reduction. I’d love to see them selling 50,000 Volts per year. I don’t think they’ll manage that without advertising the car and the cheap lease price heavily. People need to know that the average Joe with good credit can get into one of these cars, despite the high price tag. (Yes, $34,999 is still high for a Car, at least at first glance)

  9. David Murray says:

    Oh yeah. And I wonder how Ally bank feels about this with all of those leases they have out there, expecting a certain residual value.

    1. Josh says:

      I was just going to say, ” there goes the resale values.” At least from a technical perspective the vehicle is the same. The conservative approach to the battery usage will also help protect the resale value as well.

      I have been tossing around the idea of a used Volt after my LEAF lease is up, to hold me over until I figure out what is next (i3, Spark, used Model S, Gen 3).

    2. Aaron says:

      @David Murray: Think about those of us who jumped on the $69 i-MiEV lease. The residual for a base model ES is $24K. The cars are going for $10K less than that now. Ally’s going to take a bath on those vehicles.

  10. Schmeltz says:

    EXCELLENT news! Count me pleasantly surprised. I expected a price drop of maybe $2000 to couple with the $7500 tax refund to get it just below $30,000 out the door. GM really exceeded my expectations this time.

    Well done GM!

  11. Martin T says:

    Excellent, should sell more, even Republicans will figure out that IT’S WORTH buying one!

  12. Anthony says:

    Now they just need a new ad campaign to go with the new lower price to let people know about it!!

    The only thing bad about this is the hit to the resale value of my Volt. But if I hold it for 5-8 years it doesn’t matter much.

  13. kdawg says:

    The next step is to make the tax credit no longer a tax credit, and just knock the $7500 off at the dealer. This way more people can afford EV’s. It would definitely help getting the US to the million-EV mark quicker.

    1. BigP says:

      Kdawg, I think we should be able to sell that tax credit back to GM even if we just get an additional $3,750 off. It’s a win win situation; they get to claim what we would have been able to do for tax purpose and we get a discount on our vehicle even more. I do not itemize my taxes so this tax credit does absolutely nothing for me, but cash off would make me smile more!

      1. kdawg says:

        I don’t itemize my taxes either, but I still claimed the $7500 credit for my Volt. You just need to fill out the form. The $7500 goes on a line on the standard 1040 form.

  14. jimbohretired says:

    Great that prices are dropping. I would have loved one when they first came out but $40,000? In 2010 I opted for a Prius for about $25000. I get 59mpg in winter(In Phx – no A/C being used), 54 in summer with 100%A/C and typically 55-56 on the freeway driving at 70mph. The Prius Is a compromise for sure.- Cheap inside, noisy, but reliable (so far). I still hope to get a full electric some day – like the Tesla gull wing SUV but too much money. I read that it goes 200+ miles per charge. Can anybody confirm that?
    Retired in Phx.
    Jim

    1. Josh says:

      The Tesla SUV (Model X) will not be released until the end of next year, so there are no EPA ranges for it yet. It will use the same platform and battery options (60 kWh and 85 kWh) as their current sedan, Model S. the EPA range on the current batteries are 60 kWh – 209 miles and 85 kWh – 265 miles.

      I would expect the Model X to get a range ~10% less due to the larger frontal area and weight increase.

      1. WopOnTour says:

        actually the year AFTER next…

        1. Koz says:

          End of 2014

  15. Evil Attorney says:

    I think this pricing move will put the most pressure on BMW. I think a lot of current Volt owners were contemplating or at least curious about the i3. But the i3 with range extender will be almost $10k more (at least in CA) than the Volt. It will be a tough sell to convince most people that the i3 is $10k better than the Volt.

    1. Schmeltz says:

      I wonder if the Volt’s price reduction will change everyone’s sales predictions for the BMW i3 now? This announcement is an arrow in the side of BMW in reality. They just said there will be no special lease deals or financing breaks, the prices start in the low 40′s, etc. Now in an instant, they are suddenly $10000 more than one of their biggest competitors and they haven’t even shipped one vehicle yet. If I were BMW, I would be breaking out the Tums and Rolaids as well as the pencil sharpener if they want to sell 6000 a year from only 288 dealerships.

      1. Spec says:

        Indeed. The only advantage the BMW i3 has is the badge. And I don’t think that will be enough given the unconventional looks of the i3.

    2. David Murray says:

      Perhaps in the USA. I doubt the Volt/Ampera will compete well with BMW in Europe due to the ridiculously high price of the vehicle there. But also, lets face it.. We’re talking about a BMW versus a Chevy. Historically you could always expect the BMW brand to carry a premium.

      1. Darius says:

        The car prices in Europe are simply higher. You allways have to caunt VAT. You can barely get new vehicle below € 20 k.

        1. robster1979 says:

          Mmh, there are quite some cars available below 20k (Europe loves small cars). But the brand image of Chevrolet in Europe is not too good, for two reasons:
          1. Most of the chevy cars in Europe are rebadged Daewoo’s
          2. American cars tend to be heavy, thirsty, terrible suspension, lot’s of plastic, etc etc. compared to European Cars. That’s getting better, but to be quite honest, the Chevrolets in Europe are still plastic allover from the inside

  16. Suprise Cat says:

    But when will GM add faster charging options?

    1. David Murray says:

      Who knows.. Maybe the 2nd gen Volt? It really isn’t as necessary on a Volt being that it has the range extender. But it would be nice if they offered faster charging as an option on the higher trim levels. I know I’d enjoy using it at public charge stations so that I could avoid using dino-juice without having to wait so long.

      1. kdawg says:

        Not sure where the intersection is between “Fast Charge” and “Battery Size”. Apparently somewhere between the Volt’s battery and the Spark EV’s battery.

        With only 10.8kWh’s usable, there’s not much point to fast-charging, and not something I would pay for. Heck, I charge my Volt on 120VAC.

        1. VoltOwner says:

          I run up against the limit most any weekend. Granted, overnight on 120V works for me on weekdays, but there’s just too much doing to be done on weekends to sit and wait 4 hours for a recharge on 240V. Cutting that down to 2 hours is the minimum I would find acceptable on a new car. Or double the range, which is why I plan on getting a Spark soon, the Honda hybrid will be history at that point.

    2. Spec says:

      Why bother? It is such a small battery and you have the gasoline if you are really in a rush. I don’t see much point in having a faster charger for a PHEV unless they significantly increase the size of the battery.

  17. vdiv says:

    So does this mean that in order to sell the remaining 2013 models they will get even higher discount, such as $6,000 or more?

    What about the residual value of say a 2011 one? $15,000 for a really shiny one?

    1. Open-Mind says:

      The Volt discounts near Chicago have been larger than $6K for a few months now. I suspect those discounts will be greatly reduced on the 2014 models, and therefore the final selling prices will not step-change in the short term. Instead they will continue to gradually decrease as they have been for a while.

  18. Kent says:

    When will the 2014′s arrive at dealers?

  19. GeorgeS says:

    I heard that deals will not go down and that leasing may in fact go up cuz Ally is losing their shirt.

    1. GeorgeS says:

      I meant “leasing will not go down” and may go up.

  20. jzj says:

    I’d like to pose a practical question that I’m sure a lot of prospective Volt owners need to consider: whether to install a level 2 charging station.

    (I always advocate for BEVs where practical, but I recognize that there are many single-car households where the owners logically opt for the excellent PHEV Volt.)

    I’m going to simplify the numbers with the following hypothetical example: a level 2 charging station costs about $500 after the tax credit and it costs say another $500 to hire an electrician to install it, so the total installed cost of the level 2 charging station is about $1000. While EVSE costs are going down, for most people the cost of installation will always remain.

    Volts use about 12 KWH at most, so with level 1 charging I understand that even a completely empty battery would be fully recharged in about 10-12 hours.

    To my understanding, if you use level 1 charging you will be doing some of your charging at a time when electricity is more expensive. Is it possible to even make the argument that, given the $1000 cost of installation of a level 2 charging station, it is better economically over the long run? I suspect that this argument cannot be maintained.

    Therefore, it would seem that for Volt owners (and other EV owners who don’t have to charge large battery packs), using level 1 and simply plugging in and starting the charging whenever they get home would be the best way to go.

    Is this what Volt owners usually do?

    1. Acevolt says:

      I got in a free EVSE during the DOE test program and I use my L2 charger every day. I would probably have paid the $500 and done a self install. After tax credits of 30% that would have cost around $350. This works out real well on weekends when I do a lot of running around and without the fast charger would use a lot more gas. I also only have super off peak at $.15 for 6 hours a day and would have used off peak at $.25 for four hours a day which would be an extra $144/year. So in 2.5 years it would have paid for itself.

      1. jzj says:

        @ Acevolt In sum, in comparison to a super off peak rate you come up with a savings of $144/year (query though if your calculation is for maximum charging 365 days a year as it seems to be, or just for a more typical 12,000-15,000 miles a year which does not require maximum charging every day of the year). So, assuming the average person cannot do a 240V conduit self-install (note that the commenter below used an electrician), the installation cost is still likely to be at least $750, and therefore it would take about 5 years to break even. I think for the average driver the break even would be much longer still.

        Therefore, to make the process even less of a daunting proposition for prospective buyers, the simplest and best approach would be to simply encourage them to use the level 1 plug that’s provided with the car, and not worry the issue of a level 2 installation.

        Thanks.

    2. Anthony says:

      I installed a 240V EVSE in my garage (the Voltec-branded one). I paid $550 after tax/shipping. I paid $275 for an electrician to run a line from the circuit breaker on the garage outside wall into the garage and to the charger. I paid $103 for a permit and inspection of the EVSE. And I got no tax breaks, so I paid the full $928.

    3. Ocean Railroader says:

      When of the biggest problems I’ve seen as a EV supporter is that the Volt might right now be the only partially EV car care you can use right now as a EV supporter if you have common situations where you drive more then 200 to 70 miles in one day a lot of times. While at the same time you can’t afford to keep three or two cars for your diving. The volt right now is the only realistic car with the range you can at least drive partly on EV mode. In a area that has no charging stations or where you have to drive out into a rural area or where you don’t want to stop to charge do to bad neighborhoods or you don’t have the time to stop and charge.

    4. Varner says:

      I have owned a Volt since March 2011. I simply charge over-night using 110v. I plug it in every night – usually no later than ~9pm. It is kind of like a cell phone, just bigger. If I had a 240v charger, the battery would be fully charged by ~ 2am. I don’t need it at 2am. Generally I leave at ~7:20 am. I start every morning with a full battery. So far 22,879 miles driven, 68.2 gallons of gasoline used.

  21. Ocean Railroader says:

    This is cool I remembered I made a post about why they should at least cut the price of this car by $5000 to it near the plug in Prius and nearer towards the regular Prius. Also with the tax break it will put it into the upper 28,000′s which is very close to the Prius which should get Toyota nervous.

    In the next three to four years if they have another break though in price and are able to offer this car around the price of a Chevy Impala that will create a flood of demand. But as if now sales should go up very noticeably this month it might even start a chain relation in demand in that I know a lot of people who would like a plug in more then a full EV for the time being.

  22. JohnR says:

    I wish they had done this for 2012 or 2013, I would own one. I had my heart set on a volt for a long time when it was in development, but when they came out with the price tag at 40K+, I had to skip it and got a Prius.

    Now they’ll have to wait till my warranty is up on the Prius, and who knows what the market will be then, hopefully there will be some viable electric-drive vehicles in a reasonable price range.

  23. EV says:

    one of the best cars on the market

  24. Mr X says:

    That’s a more affordable price, its an incredible car but has been overpriced

  25. Mr X says:

    Red volt with chrome rims…. oh my

  26. Kickincanada says:

    Did Canada get a price reduction?

    1. Jay Cole says:

      Not announced yet kickin, but we’ll have it as soon as it is a reality, (=

    2. Koz says:

      Was there a hit for not enough North American content. Maybe with LG Chemical manufacturing cells in Michigan now, that cost will go away.

  27. Grumpy says:

    This puts the Colorado price at about 21,499 after 7500 from the Feds and another 6,000 from the State (assuming you pay enough in taxes). We might need another at that price.

    1. Spec says:

      That is a crazy good deal. I can’t believe people in Colorado are not all snapping these up. $21K for a great car that will cost nearly nothing to fuel.

  28. Bloggin says:

    Now the Volt can better compete. GM has over 6,600 in inventory ready to go.

    It looks like Ford is following suite with the 2013 Fusion Energi SE down to $36,995 which included a $2500 incentive and delivery.

    But for those who qualify, the Volt will have a larger $7,500 tax incentive, compared with the $3,750 for the Fusion Energi SE.