2016 Chevrolet Volt Starts At $33,995

MAY 3 2015 BY JAY COLE 184

New Chevrolet Volt Priced

New Chevrolet Volt Priced

The next generation 2016 Chevrolet Volt when it comes out this fall will carry a price tag of $33,995  (including $825 delivery) for the base LT model.

Base 2016 Chevrolet Volt Not Priced As Aggressively As Hoped

Base 2016 Chevrolet Volt Not Priced As Aggressively As Hoped

This figure represents a $1,175 price drop over the outgoing Volt, while also offering 50 miles of all-electric range.

The 2016 Chevy also features more efficient extended range driving with 41 mpg, along with a 5th seat area for passengers to be used in a pinch.

When the full $7,500 federal tax credit factored in, the price drops to $26,495.

“The next generation Chevolet Volt delivers more technology, the ability to drive further between gas fill ups and now with even more value to our customers.  We are confident we will continue to attract new customers to Volt with the vehicle’s product improvements and attractive price.” – Steve Majoros, director of Chevrolet Marketing

However, for most fans of the car this will be seen as something of a disappointment as many had been expecting the MSRP to final start with a “two”, as in $29,995 – especially as GM had already previously release the car’s “trim and spec sheet” online, which showed the LT model had been stripped down fairly decently.

This pricing also fails to deliver on ex-CEO Dan Akerson’s previous promise of almost exactly 2 years ago today, to deliver a more significant price cut.

“…in this next generation we think we can decrease the price on the order of $7,000 to $10,000, without decontenting.  That’s very important to us.  And at that point in time I think you’ll see the second generation be much more, hopefully, profitable.  I think it will be profitable.”

At that time the price of the Chevrolet Volt was $39,145, meaning market expectations since then was for a 2016 MSRP between $29,145 and $32,145.

We expect Chevrolet Volt Sales To Hit New Highs In US By The End Of The Year

We expect Chevrolet Volt Sales To Hit New Highs In US By The End Of The Year

Still, the new 2016 Chevrolet Volt is certainly an improvement in almost everyway over the outgoing edition, so expect it to sell well relative to other plug-in offerings in the US; just perhaps not as well as we did yesterday.

With this pricing structure we feel GM can comfortably sell 25,000+ copies of the car in 2016, which would be a new high for the model that peaked in 2012 with 23,461 Volts sold.

If starting MSRP had broke the mental barrier of $30,000 ($29,995) and gave more power to the federal credit inside a lease structure, we feel that sales expectation would have jumped to 40,000-50,000.

GM says that it will field questions and give out more details in a live chat on Facebook, Monday at 2PM (eastern), which we will cover live.

There has been no details on the higher LTZ level model, but we assume somewhere around $36,995 sounds about right.

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184 Comments on "2016 Chevrolet Volt Starts At $33,995"

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GeorgeS

I’m the biggest fan and this is not good.

Londo Bell

Definitely not good – especially when you factor in the fact that this is a compact car with 4 seats (for real)…

When people look at other cars like the Corolla, Civic, Sentra, or even Versa Note, Sonic, Focus, etc., one is really paying a premium of about $10K or more for the battery, up front. That’s hard to bite for the consumer!

ClarksonCote

If you think I Civic has three real seats in the back think again. I owned one for ten years, just prior to my Volt, and trust me… No adult wants to sit in the middle position.

Sam

The 2016 volt doesn’t have a real 3rd seat in the back. Certainly not for an adult.

ClarksonCote

No different than any other compact! In any compact, a fifth seat is really only for children.

David

The 5th seat in the volt is worse than most any other car that dares claim it has 5 seats.

Speculawyer

It is NOT a premium of $10K after the fed & state incentives.

Londo Bell

Speculawyer, words mean nothing if you don’t have facts.

Using fueleconomy.gov, starting MSRP on 2015 models (entry level mid size or compact size)

Honda Civic $18.3K
Toyota Corolla $17K
Nissan Sentra $16.5K
Nissan Versa $12K
Ford Focus $17.2K
Chevy Cruz $16.2K

Chevy Volt 2 $33K (compact size)

I’m ABSOLUTELY sure that most of the consumers here shopping for a compact/entry level mid size will qualify for the $7.5K federal tax incentives. Notice that this is regarding straight up purchase or financing.

Leasing, of course, may allow you to capture the $7.5K credit, but only if you are NOT buying the vehicle, but you then have to look at the leasing prices of the other vehicles, and doing so is another can of worms…

CA rebate check is NOT $2.5K for the Volt currently (no info for the Volt 2).

And you also have to pay taxes on the sales price of the vehicle.

So please, pray tell, why isn’t it a $10K premium, OR MORE?

DonC

If you think the Volt offers the same quality as the cars you’re citing then you should get those cars. If you’re not sensory deprived and/or brain dead then you’ll know you can’t compare a Corolla to BMW 3 series.

Sam

You can’t compare a Chevy volt to a BMW 3 series. Lol.
And that is part of the reason why the other cars do sell at least 10x as many as the volt.

Speculawyer

Wait . . . let me get this straight. You think the base model CONVENTIONAL ICE car is an equivalent to the Volt? Really?

No. Try comparing an OK equipped hybrid to the Volt after the $7500 tax-credit and you’ll see it is not a $10K premium.

philip d
There is not as much premium as you might think. First of all the new Volt has more torque and will get to 60 almost a second faster than the base Civic. But the real difference is 0-30 times. The Civic 0-30 is 3.9 sec. The Volt does is in 2.6 secs which is 1.3 seconds faster to 30! Huge difference in driving dynamics. Second once you take the operation costs into account the Volt won’t cost much more over 5 years than you might think. Where I live gas is currently $2.90 a gallon but is rising. But let’s assume it will stay the same over 5 years. Electricity for me averages at $.06 kWh which is really low but that’s what a lot of people pay in the South. 15 Civic Manual: MSRP (including destination) $19,310-$1,297=$18,013 12,000 miles x 5 yrs at 31 mpg combined = 1935 gallons at $2.90 a gallon = $5,611 $18,013 + $5,611 = $23,624 16 Chevy Volt: MSRP (including destination)$33,995 – $7,500 fed tax = $26,495. 12,000 miles x 5 years = 60,000 miles. 3.85 miles per kWh. 15,584 kWh x $.06 = $935 $26,495 + $935 = $27,430 So difference in cost… Read more »
koz

Your being awfully generous to the econobox. Cars don’t depreciate to zero after 5yrs and 60k miles. The difference in residual values should cover the rest of the difference so that makes your point even more valid.

Speculawyer

And in 5 years, I predict the car with better efficiency . . . and more importantly . . . the ability to run off grid electricity will be MUCH more valuable than the gas car. The current oil glut will be long gone.

Jeff Songster

You are right about the gas prices… but I’ll be surprised if the low US prices last a year. The Saudis want to stop deficit spending. Oil will be high again soon.

CP

First off, compare the Volt to a Chevy Cruze. Same GM Delta II platform. The Cruse automatic tranny base model goes for $19K. Secondly, the tax credit is available only to the degree that someone has $7,500 in tax liability remaining after all other deductions. The Volt’s target market often doesn’t have that much tax liability, and doesn’t wind up getting the full credit.

Speculawyer

You can take advantage of the full $7500 tax-credit by leasing. That way the lease company takes the full tax-credit and passes the savings on to you in the form of a much lower lease payment. This is why people have been able to lease Fiat 500e cars for a mere $86/month!

ClarksonCote

Can we stop using the platform sharing as a basis to claim Volt and Cruze are comparable in features and design? Anyone who knows cars knows that is not how it works.

http://www.caranddriver.com/columns/platform-sharing-for-dummies-feature

CP

Actually, your link gives every reason to compare the Cruze and the Volt.

Oh, okay… I guess as long as you think that these cars are all variants of one another: VW Golf, Jetta, New Beetle, Audi TT and A3, SEAT Leon and Toledo

Oh and these too: VW Phaeton, Bentley Continental GT, and the Audi A8.

However, I rarely expect anyone to claim the VW Beetle is just a variant of the VW Golf, for example.

Breezy

Just to add, as someone coming from a Honda Civic to a Volt: the cars are in no way comparable. The Civic/Cruze/Corolla/etc. are economy cars. The Volt is a class above.

Sam

And the Civic and other comparable cars have much more interior room than the cramped low ceiling Volt sporting a giant battery through the middle of the cabin.

Scramjett

I’m not jumping into this argument but I thought I’d just share that the Cal rebate for the Volt is $1500. You may now resume your bickering.

ModernMarvelFan

I measured the brand new Honda Civic my co-worker just bought. It had 12.5 inches of space between the two seat belt buckle in the middle seat.

I don’t know many people’s hip is narrow enough to fit 12.5 inches…

Midseat in compact car is designed for child seat mounting, not for adult to sit.

ClarksonCote

If I had to guess, they’re leaving some headroom for the discounts off MSRP that everyone wants these days. I highly doubt majority of people will pay MSRP.

$3000 in cash incentives and this essentially hits that $30k price point everyone wanted, so I think this will actually work out quite well.

Londo Bell

Have you sat in a newer version Civic (past 3-4 years), and compared it to your 10+ years old model? I also think that the Civic is either in the mid-size now, or will be there next gen/next year.

And THEN compare it to the new Volt?

And not sure how familiar you are with web technology, but it’s all about searching for car prices within a specific price category these days. Anything over $30K for a compact car class…good luck for getting a lot of return hits.

And let’s say that your argument is true…that it’s tough to seat 5 in a Civic…we ARE still talking about paying over $10K for a battery.

DonC

Never sat or driver a Civic lately but I have sat and driven a Prius and an Acura TL, neither of which compares to the Volt for ride quality or build quality.

You obviously have an agenda and/or no idea of what you’re talking about.

Londo Bell

Right, I’m brain dead.

And I guess the same thing for the tens…or hundreds of thousands of consumers who purchased one of those vehicles, rather than a plug-ins.

D’oh…

Or unless, you are still living in that wonderful dream of plug-ins are for the educated, wealthy, etc. crowd, rather than expanding the market to the everyone, everyday consumers so that plug-in sales will grow significantly.

But I’m sure that you are right, with your bright and wonderful mind.

Breezy

I’m sorry, but the Volt is not and was not comparable to a Honda Civic in appointments, acceleration, handling, interior materials, quietness, refinement, or economy of operation. It wasn’t before, and the Civic has been cheapened in the past 3-4 years.

ModernMarvelFan

It is NOT $10K if you include incentives on a “comparable equipped” car..

Honda Civic LX starts at $18.5k and EX starts at $21.2k.

Volt 2.0 starts at $26.5k with federal incentives. The difference is only about $8K at most if you don’t include some of the state incentives. Comparing to EX, the difference is less than $5K.

Spider-Dan

The existing Volt has discounts on MSRP, as does nearly every other car for sale at a dealership… so I’m not sure how that would help.

Nix

That is exactly what I was thinking. Everybody says they like low MSRP sticker prices, but the history of Volt sales shows exactly the opposite.

The best period of sales that the Volt ever had was just BEFORE they cut the MSRP from roughly 40K to 35K. Chevy sold more Volts by throwing $5K on the hood than they did cutting the MSRP by $5K. Especially when dealerships cut their own side of the profits too, and folks were getting cars for $8-10K off when combined with private offers, credit union discounts, etc.

This is how GM has always sold cars, and the Volt is going to be sold the same way. Look at what just happened recently when they offered super lease deals on the Spark EV. They sold like hotcakes.

drpawansharma

what this means is that Chevy has not been able to achieve as much a handle on the battery prices as Tesla. In the long run they have to move battery component in house or make substantial investment in them rather than just outsource it to LG Chem.

Lensman

Exactly. Even Nissan, unfortunately, is moving away from making their own battery cells for the Leaf, to buying them from LG Chem.

Tesla and BYD are the only auto makers now investing in building out their own battery manufacturing. Tesla is investing a lot; at least $2 billion, and likely rather more before the Gigafactory is completed.

We’ll know that other auto makers are serious about making compelling EVs in large number if and when they start making serious investments in building their own battery factories.

Jeff Songster

Hard to say whether Nissan will start using LG to supply their battery pack assembly plants or what. They previously assembled their own packs from rolls of lithium Ion battery guts sent over from their joint venture with NEC. Maybe they will keep their battery assembly factories going but be supplied by LG as to anode and cathodes and separators. If Nissan keeps their existing factories doing as much as possible in the change over they might gain a long term comp advantage over others who import completed cells from LG or any other supplier. Next couple years are definitely chapter 2 of the modern, mass produced EV story. I still have to wonder how far a LEAF could go with Tesla’s best battery cells in their pack. Super chargers anyone… model III meets LEAF 2 maybe?

evnow

Lenseman, you keep saying this based on what ? Articles that the next month will have a review of the supplier ? Do you know what happened at the review ?

CP

I suspect that the big car companies have looked into it, and concluded that a) they can buy them at thin margins, and b) the technology might change to the degree that a $2 billion battery plant would become a stranded asset.

http://tinyurl.com/evbattn

This wouldn’t be much of a problem for Tesla. So they go out of business, or merge with some other Silicon Valley hype merchant. But for a real car company, $2 billion down the rat hole would be a bigger issue.

Spider-Dan

I find it interesting that you applaud Tesla for “getting a handle on their battery prices” when all Tesla has done is increase the price of entry on their car.

The S50 was effectively cancelled before release because of “lack of demand” (read: Tesla was already delivery constrained and makes more money on higher end options).

The S60 has been replaced with a more expensive 70D.

Yet GM offers more AER at a (very slightly) lower price and this proves that… Tesla is better at the battery market? Strange.

Spider-Dan

Sorry, I meant to type S40 instead of S50 above.

Omar Sultan

For the $5K price increase between the 60 and the 70D, you are getting 16% more range, supercharging (a $2K option for the M60), and AWD (a $5K option on the S85). Clearly, part of they ability to do this is lowered battery costs.

Spider-Dan

The Gen 2 Volt has longer range, better MPG, takes regular instead of premium gas, and a host of other improvements, and the car actually costs LESS than the previous gen.

There is no rational way to bash GM for adding features and only lowering price a little while praising Tesla for adding features and raising the price.

Omar Sultan

Not bashing GM or the Volt – I am a fan as I noted in another comment, I was merely pointed out that Tesla is making progress on their battery costs.

GSP

GM designs and builds their own batteries from LG Chem cells.

Exactly like Tesla designs and builds their own battery from Panasonic cells.

GSP

Omar Sultan

Perhaps the difference is Tesla started with Panasonic’s 18650 cell and has been playing with geometry and chemistry. I am not sure if GM is bringing anything to the table (R&D, intellectual property, etc) with their relationship with LG Chem or they simply are a customer.

ModernMarvelFan

What Geometry are you talking about?

Or do you mean packaging?

James

Too high. That means a decently loaded car will be $40k again. I want more battery, no gas, and I can’t believe that nearly 10 years after the Volt was conceived that we still don’t have a mass-market EV from Chevy.

The Volt is a niche car, and Chevy needs to make an exciting EV, not another grocery-getter like the Bolt. I want an all-electric Camaro that shames a Mustang in the 1/4 mile and has a 200-mile range. Be bold, Chevy. Don’t assemble any more lame focus groups full of boring Volt owners (unless it’s me), and at the very least give me an electric truck.

Speculawyer

Yeah, it is kind of amazing that no one else has built an electric sports car or sports sedan despite Tesla proving that there is a good market for those.

CP

The big car companies weren’t interested in losing money one each car they sold, and didn’t have the Silicon Valley and Wall Street connections to raise money at absurd valuations.

IDK

Two small (minor) disappointments…price and the 5th seat.

Anthony

That’s higher than I expected. I think 30K was probably a bridge too far, but 32.5 seemed reasonable. I definitely feel the price is higher that it would be if the 7500 subsidy didn’t exist. What astounds me is that given the same price (post rebate) compared to a Prius, why won’t anyone with a house and the ability to plug it in not buy one.

When the rebate runs out, Chevy will drop the price by 5,000. At 50,000 Qualified EVs a year (Volt, Bolt) it’ll still take a few more years to reach the limit for the federal rebate program.

Brian

I can think of two reasons, that happen to apply to me. I’m sure there are more.

1) Not everyone qualifies for $7500 tax credit, especially if you have a house (mortgage/property tax deductions). This one, at least, can be worked around with a lease if you are willing.

2) The Volt is a compact car and the Prius is a mid-sized. There is a big difference in how much stuff you can fit in the cars. Sure, the new Volt has a 5th seat, but it has the same measly 10 cu ft trunk. That’s not a functional trunk for my family of 4 on a road trip.

Anthony

True, but in my case (and probably others) the Volt is a commute car and we have another car for road trips.

wavelet

The justification for many people to get a Volt rather than a BEV in the first place is that it _can_ be used for long trips as conveniently as an ICE car, while having enough AER for commuting.

This is all the more true for the Gen2, which has longer AER.

pjwood1

30, 50 or 80 miles of range don’t matter when you are going some place 2-4 hours away. The space does.

If it works, great, but I’m with Anthony/Brian when I think about a foursome with luggage, and hopes of maybe buying something “while we’re here”. Speaking for my own, I hear a strong preference for more room, even before the packing.

Sad, because I think the Volt makes a better commuter than the Tesla. It is still an extraordinary car. Manufacturers trade 2-3mpg gains, in the gas car competition. GM didn’t have to go to 50 miles of electric range, to clobber the rest of the PHEV segment.

The buyers, that can make the space work, who balk over the 2-3 grand ($33.9k), aren’t seeing the forest through the trees. Other markets would love a shot at this car/price.

JakeY

Yep. Cargo and rear seat room is why I would not consider the Volt at all. Leaving the plug-in aspect aside, it’s not a practical car compared to many in a similar exterior size class.

ClarksonCote

That could be the case for families with more than one child. For me, who usually only have front seat passengers in the car, the cargo space is way more than sufficient, thanks to the hatchback design and folding down the rear seats.

Car Guy

It is an amazing car and cheaper than the last model. It should sell well. Add in rising gas prices and no available 200 mile range EV for under $40k. Nissan will have to lower the price of the Leaf or come out with a new model.

Speculawyer

Rising gas prices is right. My local gas station has regular for $4.16/gallon. Of course, I’m in California, summer blend, a new tax was added, local refineries have had problems, etc. so I’m an anomaly. But oil prices have been going back up.

DonC

At my local station it was $4.89 this morning. That’s an expensive gas station because of the area but the trend is clear. No idea why it’s gone up $.40 in the last couple of days.

CP

Gas prices always rise at this time of year.

Speculawyer

Well, I’m sure everyone wanted a big price drop and we didn’t get that. But at least we did get a price drop.

And it has a bigger battery now such that it gets 50 miles of EV range. And the 5th seat. And more efficient gasoline operation.

Seems like a great car to me. But they really need to start putting the Voltec technology into the bigger vehicles that Americans buy. Put it in CUVs, SUVs, mini-vans, pick-ups, etc.

Driverguy01

Any idea what the price will be in Canada?

lewl

My guess is the current price remains, if not increases due to the exchange rate as of late.

$38495 with delivery is the current price.

lewl

I probably should have read the next post before writing. :p

Driverguy01

Right now the 2015 is $38,395 for the base model and with our weak dollar at $0.83, that would put the 2016 at $40,000….ouch!

Speculawyer

Well . . . if it is any consolation, the value of the Canadian dollar should go back up a bit along with the rising oil prices.

Breezy

I think they’ll hold the line on pricing in Canada. Exchange rate aside, it’s a different market here and they have to stay competitive with the Leaf, C-Max, etc.

Someone out there

You don’t actually sell copies of a car do you? If you sell a music album you actually do sell a copy of a master print, not so with a car. I would say you sell units of a car, not copies.

David Murray

This was about in line for what I was expecting, especially given that the new version has more range. I think it will sell well. It only costs around $3,000 more than a base-model Nissan Leaf. I know which one I’d rather have.

Londo Bell

Your logic is questionable in the mindset of most consumers, who are buying plug-ins (at this price point) for mainly 2 things – to save money from gasoline, and/or to use less gasoline (environmental).

So why would one pay $3000 more to counter act those 2 points?

Caveat here is that one needs a vehicle – and the ONLY vehicle – to go long distance trip frequently.

If Volt 1 sells so poorly currently, what would make one think that Volt 2 will sell better, if GM has stated that it’s focusing its market to pretty much California and a few other pro-plugins market?

I would say that sales will pretty much stay the same at the current at best, or worst if significant price reduction on Volt 1 sales. The only thing that may provide the uptick will be fleet sales.

I’m actually kind of surprised about EC’s prediction above. If GM’s confident about Volt 2’s acceptance to the market, it would NOT have limited to some specific US regions, other than worldwide sales.

DonC

You’ve missed the obvious fact that people don’t buy cars for logical reasons. Are you really claiming that people buy a Model S to save on gas?

Assuming you have access to a plug, paying a mere $3K premium for a smooth riding quiet vehicle that is almost as fast as a Model S off the line rather than a rough riding, slow, noisy “gas guzzling” Prius would be a no-brainer.

CP

That’s a really interesting way to look at it. I’ve compared it to the ICEV version, the Chevy Cruze, which is built on the same platform. But Prius is probably a better comp, and between a Volt and a Prius I’d probably be biased toward a Volt because of the longer electric only mileage.

The one advantage for Prius is two inches more rear leg room and an inch more headroom. This doesn’t sound like much, but for legs it’s a biggie.

Stuart22

Yeah, but I’m always sitting up front where comfort is dialed in.

Londo Bell

It was nice having you in the market, Volt. So long…

Speculawyer

What? There’s no better PHEV on the US market.

LuStuccc

And this is very sad that the automobile cartel don’t give us more choices.

CP

“Automobile cartel?” Oh please.

Jay,

The 50 miles is still a guesstimate, right? Any word on when the official EPA figures might come out?

My own guesstimate is that they might clear 55. Which would help justify the price which seems many of the readers feel is too high.

ElectRIC

Well, this is a good 5-6K above expectations. I know now I won’t be buying a Volt, sadly.

DonC

That’s what happens when you have unrealistic expectations. LOL $27K for a fifty mile AER EREV that is almost as fast as a Model S 0-30 MPH is very well priced.

Speculawyer

+1

Did people really expect to pick up a 50 mile PHEV for $17K after incentives? Get real.

ClarksonCote

It’s not surprising that everyone wants the world for the pennies in their pocket, but if they truly expect that, they’re probably high on paint fumes.

This should make for base model Volts actually selling for around $30,000 which hopefully will do well. Time will tell.

BG11

Unrealistic? Those numbers were hinted by GM in January but not delivered.

Ziv

Where? I have been pretty loud in my wishes for an MSRP of $29,990 though I admitted I would be satisfied w $32,490 but no one who knows anything about cars thought the MSRP was going to be below $28,000.

Breezy

All GM said in January was that pricing would be “in the same range” as the current model. They improved the product and reduced the price.

BG11

http://insideevs.com/2016-chevrolet-volt-will-profitable/

“In a roundtable interview with Mark Reuss, General Motors’ head of product during the 2015 North American International Auto Show, a lot of questions popped up about the all-new 2016 Chevrolet Volt, of which we asked him a few. One thing he assured is that the Volt 2.0 will indeed make General Motors money this time around, as the developers behind the car found a way to subtract around $10,000 in costs per vehicle. This should also make it easier to attain one, as the MSRP of the 2016 Chevrolet Volt is expected to drop significantly compared to the outgoing model as a result. Pricing won’t be made official for some time, however.”

For comparison … the average GM vehicle sold for $34,750 in April 2015 (as reported by WSJ).

This makes the Volt at $33,995 priced almost $1000 below the average GM vehicle. A major milestone crossed as the MSRP of an EV is now lower than the average purchase price. This means both upfront and operating costs of a Volt are some of the lowest offered by GM.

Great news for any vehicle buyer. (economics 101)

Spider-Dan

And what’s the average passenger capacity and cargo space of a GM vehicle?

People get too hung up on average car prices. The fact that someone is willing to spend $50k on an 8-passenger Suburban has nothing to do with the Volt.

Lensman
Thanks, Brian. From GM’s perspective, this is a step forward because they (hopefully) won’t be losing money on the Volt 2, as they lost money on the Volt 1. Naturally we EV enthusiasts want to see the rEVolution move forward faster, but I think this is the most we could realistically have hoped for in 2015. In 2017, with a new crop of nominally “200 mile” EVs coming, and with battery prices dropping to what hopefully is a tipping point, perhaps GM will offer a Volt 3 with 60-70 miles of range, which would make it an attractive vehicle for me. 40-50 miles of electric range is too short for my needs. Too bad that so many here have let their hopes get so high about low pricing on the Volt 2.0. It’s got two drivetrains, both of which perform pretty well: An EV drivetrain and an ICE drivetrain. It was never a realistic hope that GM could afford to build such a car cheaply. Prices are going to continue to drop on BEVs, with battery prices dropping and auto makers getting experience with building electric drivetrains. PHEV prices won’t drop nearly as far or as rapidly. It’s not that… Read more »
CP

All that the average GM vehicle price tells you is that GM is weighted toward bigger, heavier, more expensive vehicles. $34K sticker on the Volt compares to $19K sticker on the Chevy Cruze, which is built on the same Delta II platform.

LG battery’s (junk) =lucky gold star remember ? & oyea General Moters ( not a fan ) they only do what they think they have too 🙁

Carcus

I can’t see GM getting the cost down much lower. How could they? It’s a complicated hybrid with a big battery pack and all the associated electronics stuffed in as well.

It’s like a Civic Hybrid (27K) with an 18 kWh pack (at least another 7k)

A competitive price point for mass acceptance has always been the Volt’s biggest obstacle and there’s just no way around it.

And when the tax credits run out? ….. fuhgeddaboudit

Carl S

First gen Volt, first model year base price: $41,000.

Second gen Volt, first model year base price: $33,995.

A difference of $7,005.

When you look at it that way, seems like a bargain!

ClarksonCote

Right, not to mention more range and higher engine MPG, as well as the coveted fifth seat.

It’s all about perspective.

Jeff N

Don’t forget about inflation. I bought my 2011 Volt in December 2010 and the first 2016 Volts will probably go on sale in late 2015.

According to the Consumer Price Index published by the Dept. of Labor, $41,000 in 2010 is equivalent to $44,100 in 2015.

$44,100 – $34,000 is $10,000 dollars cheaper in today’s dollars.

Chip

+1
Good point Jeff.

Jay, the 2016 launch price of $33995 includes $825 delivery. Can you clarify – did the 2010 launch price of $41k include delivery or was that extra?

So, battery up from 16kWh in 2010 to 18.4kWh, faster acceleration & regular gas all for about $10k less in real terms. That is about the best that could realistically be expected.

Seems like the 2016 Volt EREV will be a good value choice for car buyers who can manage with limited rear headroom and a small trunk.

I wonder how this will affect pricing on the 2015s?

People love to compare plug in hybrids to entry level ICEs, but if you compare equivalent trim levels the prices are much closer.

When you compare total cost of ownership, the plug-ins are much lower cost.

I think the new Volt is reasonably priced and will be a good seller, if for no other reason than it’s a high AER no compromise PHEV and there are too few of those on offer.

Speculawyer

Sadly, people are still too stupid to see the long-term cost savings of plug-ins.

CP

Cost savings depend on the difference between local electric rates and gas prices, but I think as a general statement that it will take a lot of savings before you bridge the gap between a Volt and a Cruze.

If you’re driving 15,000 miles a year and paying an average of $3 gallon the break even point is about four years. So after 4 years you’re saving about $1,500 every single year after that.

Not too bad, especially considering that today’s low gas prices will undoubtedly go back up soon. If we see $4.50 gas again you’ll save another $750 per year, $2,250 total. That would be $27,000 over the life of the car.

The Volt, like most EVs, can truly pay for itself in fuel cost savings. That’s a pretty good deal.

Speculawyer

My local gas station is charging $4.16/gallon for regular. The prices are creeping back up again.

CP

The station down the street from me in Seattle is getting $3.10 for regular, and they’re not the cheapest.

You’re not doing it right. You have to compare purchased price to sell price. You are only paying the depreciation. Also, you need to factor in the Volt is a much nicer ride. Don’t forget less oil changes, less brake jobs (if any).

RS

As true as the total cost of ownership thing is and also the reasonable price tag. Value is determined in the heads of people. And GM made to much noise for a car that is a little bit less, for a lower trim, and a bit more range and efficiency. If this Volt would have been put out without big announcements and secrets about the base price. Without announcing years ago the next gen will be 10 grand less. People might have been more than happy with this new Volt 2.0. Sadly most people where hoping for a sub 30k car and they got disappointed. I am pretty sure you will see this disappointment in the sales figures.

Carcus

It’s called the “Osborne Effect” … and really makes you wonder what GM’s true motives are at times.

Do you think they (GM execs) are really that dumb?

http://en.wikipedia.org/wiki/Osborne_effect

Ocean Railroader

I really think that effect is what is wreaking Tesla more then GM. Tesla keeps adding junk on to their cars and keeps jacking up the price by $5000 a pop. GM has at least tried some price controls in not jacking up the price by adding tons of features I have no need for.

RS

Like 10kwh of battery, free supercharging, half of the former tech package and all wheel drive? For just 5k? Thats a bargain. I would take the 70D with leather seats and would be more than happy, the 60 a year ago would have needed the tech package and supercharger which would have cost an extra 6k.

Stuart22

It’s priced precisely where Californians will be able to buy one for just a nip under $25k, after Federal and CA state tax credits are figured in. That suggests GM has plans for a substantial marketing push for the Volt in the world’s #1 market for electrified autos – California.

Compared to a BMW i3rex, it’s a steal at $34k.

Forever green

Is there a price out on the available optional equipment?

ItsNotAboutTheMoney

No. And no price yet on the LTZ, which is a big question.

Jon

Too expensive…

Dora@Chevrolet
“LT = $33,995 including $825 destination charge. Uplevel model starts at $38,345 MSRP including the destination charge. #NextGenVolt”

Anon

They can always lower the price later, if sales stall. This is not a bad thing…

ItsNotAboutTheMoney

Except that perception is very important, and the biggest time to set perception is at launch.

Maybe this is realistic pricing, but I doubt it.

Anon

EV subsidies are part of their pricing stratagy, I’m sure. That said, GM still has a number of lawsuits and recalls yet to pay for…

Dropping the price later, is a better stratagy for them.

Bill Howland
This article hits home for me since I am currently in the market for an EV. The past week I have been at 4 different Cadillac Dealerships trying to buy an ELR, which close viewers here know is not a big favorite of mine, but looks like the best compromise. 1). The “S” or “X” are out of the question, since both models that I’ve seriously considered in the past have been discontinued, the “X” even before they started making any. In addition, its difficult to get objective information, possibly the best I’ve gotten was at a EV car show east of Rochester, NY two weeks ago, when I chatted with a few “S” owners. 2). That said, an EV is almost-non-negotiable. Once you get EV’s in your blood, one seldom reverts. 3). My Roadster is probably currently at its peak valuation. I’m in one sense, not, and then in another, very surprised at the wide valuation range ($20,000) various dealers have appraised the car. Obviously, the dealer with the highest (if they don’t reconsider and renig)valuation is what I’m going with, after final prep (which I’m paying for) on the Roadster is complete this Thursday. They are offering a… Read more »
sven

“In addition, its difficult to get objective information…”

Bill, if I remember correctly, you were looking for info regarding the battery drain on the Model S in cold weather. I came across an article with some very good data and a detailed graph for several EVs with regards to battery performance over a wide range of temperatures. In particular, the data included a detailed minute-by-minute graph that showed when and for how long the Model S’s battery management system came on in cold weather over the course of several days. It also mentioned how many watts the BMS was drawing while conditioning the battery. All the data was logged by a FleetKarma devices.

http://chargedevs.com/wp-content/uploads/2015/03/Fleet-Karma-2.jpg

http://chargedevs.com/newswire/tesla-model-s-performs-more-cold-weather-battery-maintenance-between-trips-than-other-evs/

sven

This is a follow up article with a more in depth analysis of the cold weather EV data logged by FleetCarma devices.

http://chargedevs.com/features/fleetcarma-digs-deep-into-cold-weather-ev-data/

This is FleetCarma’s website:
http://www.fleetcarma.com/

Bill Howland

Yes I remember seeing that… Thanks for reproducing it here. However the only meaning info is the range while driving.

I’m interested in the loss while sitting in a cold parking lot, and the only info so far on that score seems to be the NYT’s Broder test looking at Tesla’s logs of the trip.

Speculawyer

“2). That said, an EV is almost-non-negotiable. Once you get EV’s in your blood, one seldom reverts.”

Ain’t that the truth. And especially when you have a nice big PV system cranking out electricity. There is no way that I’ll ever buy a car without a plug again.

Since commissioning my solar PV system, the meter has got backwards by 5000+ KWHs. I need another EV. 🙂

Spider-Dan

As a huge Volt proponent, this is a disappointing announcement, and shows bad market perception from the GM brass.

If they planned to go with this kind of modest price cut, they should have released the pricing at the same time as the unveil, or released the pricing with the options listing. That way, people would have something else to focus on.

Instead, we will have several articles across the net just like this one, full of people talking exclusively about how much of a disappointment the pricing is.

They built up the expectations on the price by delaying it. That’s just bad PR management.

Anon

Heh. Just wait till you see the first gen Bolt, and people hold GM to their original statements about it. 😉

mustang_sallad

I think the general public have not spent the past few months speculating and getting carried away about how cheap it might end up being. If anybody from the non-EV-ethusiast part of the world even does see a headline about this pricing announcement, it will look pretty damn good. Volt getting noticeably better in a number of ways while also getting a bit cheaper. Simple as that.

CP

Well, the comparable car (same GM Delta II platform) is a Chevy Cruze, which starts at $19,000 for an automatic tranny version. One more example of a big issue for EVs and a lot of PHEVs — the high price relative to ICEVs.

lewl

Not with the current feature set, its not.
When I was shopping, the ‘equivalent’ cruze was somewhere between LT and LT2, feature wise. Or $25-26k.
And of course you have to account for efficiency and conveniences that the volt offers that no ICE vehicle can ever offer.

CP

I am a fan of the Chevy Volt, and routinely recommend it to people who want an EV but can only afford one car. I especially recommend the ’16, because of the longer range. However, I thought this $34K model is the lower end one. But maybe that’s wrong. What specifically makes it comparable to “between the LT and the LT2” in your mind?

Yes, efficiency favors the electric side of a Volt, but what “conveniences” does it offer that an ICEV never can?

lewl

A base (+auto) cruze does not include heated seats, touchscreen display, remote start, air conditioning, alloy wheels, leather steering wheel, etc.
You don’t get most of those features until the LT or LT2 trims.

lewl

And for conveniences, it offers a smooth, quiet ride, + the torque and performance.

Ability to remote start without inhaling fumes.
Significantly reduced maintenance schedules.

All things no standard ICE vehicle offer.
I’m sure I could list more, but that’s just off the top of my head.

And of course, the largest in my book, is visiting a gas station only once a year (at least in my case).
Over a lifetime, that alone is worth the difference. Especially in the winter, when it’s -20.

CP
A base (+auto) cruze does not include heated seats, touchscreen display, remote start, air conditioning, alloy wheels, leather steering wheel, etc. You don’t get most of those features until the LT or LT2 trims. I’m not sure all those come with the base Volt. I did a search and couldn’t find a full features list. For example, heated seats would need to be leather, and I’ll be surprised if the $34K Volt comes with them. By the way, is it even possible to get a car without AC these days? A gas Cruze goes 0 to 60 in 9.4 seconds vs. a Volt at 8.6 seconds. True, but a Volt tops out at 98 mph while a Cruze tops out at 125. I’d call it even. And for conveniences, it offers a smooth, quiet ride, + the torque and performance. Meh. Ability to remote start without inhaling fumes. “Inhaling fumes.” You have got to be kidding. In any case, I’m going to be surprised if the Volt offers remote start at all, let alone on the base model. Significantly reduced maintenance schedules. Please provide links that support your claim. I can always be persuaded by facts. And of course, the… Read more »
Jim

Most folks rarely if ever drive over the 100mph top speed, but drive 0-30 and 0-60 dozens of times a day. Your comment about top speed difference making up for the Volt’s superior acceleration difference was ridiculous.

My base model 2013 Volt has remote start, where is your information that this is no longer a feature? Source?

I’ve driven a Cruze LTZ and for non-plugin it was alright, but no where near as nice driving as a base Volt.

http://www.caranddriver.com/columns/platform-sharing-for-dummies-feature

CP

My base model 2013 Volt has remote start, where is your information that this is no longer a feature?

Re-read what I wrote, will you? I wrote that I’d be surprised if the Volt has remote start. Not that they didn’t offer it. So I’m surprised. Nice to know it can still happen.

Also, depending on gas usage, Volt will require far less oil changes than Cruze. If you are driving 65% electric as the current Volt owners do, then you will need 2/3 less oil change. With more EV range, you will need even less gas engine service.

A Volt needs an oil change at least every two years. Other cars, every 6 months to 1 year. Oil changes are very cheap.

The base Volt 2 will have heated seats with the cloth (front) and many of the features that are found on the upper trim levels of the Cruze.

It would help if someone would provide a link to these claimed standard features in the ’16 Volt. By the way, I like the Volt. I recommend it to people. But some of the promotional EVangelism here is way over the top, and not just with Tesla cars.

ModernMarvelFan

“In any case, I’m going to be surprised if the Volt offers remote start at all, let alone on the base model.”

Current Volt comes with that. In fact, you can download an App for it.

Also, depending on gas usage, Volt will require far less oil changes than Cruze. If you are driving 65% electric as the current Volt owners do, then you will need 2/3 less oil change. With more EV range, you will need even less gas engine service.

My current Volt get 1 oil change every 18 month. When I do, the oil life still displays 75% left. I use about 50 gallons of gas per year with over 14K miles of EV miles per year.

koz

Far fewer brake pad replacements too.

EVDreaming

CP,

The base Volt 2 will have heated seats with the cloth (front) and many of the features that are found on the upper trim levels of the Cruze. People compare the base Cruze to the base Volt 2 and that is not a fair comparison. I priced a Cruze like the base Volt (based on the previously released Order Guide for the Volt 2, do a search on this site) and it came to around $25K. The base Volt is no stripper model and even has backup camera and many other high end features, including remote start, and even remote start from your phone with pre-conditioning. I have shopped the MS 70D, the BMW i3, the upcoming Mercedes C350e and the Audi A3 e-tron sportback and I can tell you that at the price of the Volt it is a bargain and I will be getting one as soon as they will sell me one at MSRP out the door (6% discount).

Ocean Railroader

Personally I expected something like this from GM which is not great but it’s not a train wreak ether. All I can say is there is someone in the room named Tes who can’t stop jacking up their car prices like a drunken poker player every time some other car feature comes along that they feel they must add to their car that I don’t need. A example is they used to have a $60,000 car. Then it went up to $75,000. Now their model X is going the same away.

At least with GM they have raised the range and the performance of the Volt with a $1100 price cut which is a good start but not a super man start.

I think what will most likely happen is GM will watch sales for a little bit and cut prices by $2,000 to $5000 to get it into the sweet spot. At least GM is playing it smart and not arrogant like Tes jacking up their starting prices all the time.

PVH

What you describe there (the ability for a car maker to reduce price for a new model despite increased performances) is exactly what makes car manufacturing such a tough business. It is also the reason why IMO we should not hold our breath while waiting for release of a reasonably priced Model 3 (less than $40K).

CP

I think the Model 3 will tell us whether Tesla can become a real car company, with anything proprietary. It’s one thing to stuff a really big lithium battery into a $100,000 Rolex with tires.

It’s something very different to make a car for the price-sensitive middle class, and do it in a market that will be populated by several major automakers with similar offerings and a lot more financial and marketing muscle.

Tesla’s moment of truth is approaching.

David Murray

I agree. I think Tesla has built a premium brand name, much like Apple, and they’ll likely be able to get a premium for their product over companies like GM. In fact, if GM had any sense, they’d market the Volt as an “affordable Tesla.” I haven’t seen the Model III yet (I don’t guess anyone has) but at this point it would have to be pretty spectacular to make me want to spend any extra money over a 2016 Volt.

CP

Different classes of buyer. I think GM ought to market the Volt against the Prius, and call it an “enhanced hybrid.”

wavelet

++

Speculawyer

“Enhanced hybrid” . . . not a bad idea. It has taken a decade but at least people are familiar with hybrid technology now and accept it. But trying to get people into electric cars may still be a bridge too far. And too many idiots still think the Volt just stops after 50 miles.

Enhanced hybrid may be a better way to explain it to the public than trying to get them to buy an electric car.

Lensman

@Ocean Railroader:

You certainly spend a lot of time writing complaints about Tesla improving its base Model S, and raising the price to reflect those improvements. Were you planning on buying one? Given your constant bashing of Tesla, I’m guessing that’s a big fat NO.

Only about 7% of Model S buyers are buying the base 60 kWh version. If the new base 70 kWh version proves to be more popular, that means more people find it to be worth paying for than the old base model.

If that’s true, then it looks like Tesla made a smart business decision. One thing is certain: Tesla would be pretty foolish to try to please people who will never be in the market for a Tesla car. People like you.

Just_chris

I think in a nut shell this says “we are happy with 20-30k sales per year” this price with the lack of big investments in new production lines make me think the volt is never going to get to 50-100k sales. That is not to say GM has given up on the plug just that the volt is going to be sold only in North America and only at modest levels. That is not to say that it is a bad car, it is just not for the great unwashed masses.

I look forward to GM’s next model release.

CP

It might be as simple as “we’d actually like to make money on these.”

Alonso Perez

I think it’s an attractive price for an attractive vehicle. But GM is not really set on moving a lot of them, so far as I can tell. More than Volt 1.0 surely, but not a flood. Clearly this is not a very profitable car for them.

Rex Wilson

At 50 mile electric range, this car has more than 1/2 the range of many pure Electric vehicles except Tesla. And for range beyond 50 miles, we can use the gas engine.
Its a good buy @ 34K. Certainly Volt-2 should sell in much higher # than Volt-1.

Lets see whether the price and C-Max and Prius Plugins also go down in response to Volt-2. But this model will be released only in Fall. So we have to wait.

Stephen

GM has noted the generally positive reaction since the Detroit Show and believe they can sustain this level of pricing for the first year at least. They are trying to maximize their profits while it is the new kid on the block. Hopefully GM is passing on a bigger cut to their dealers with Gen2. This will encourage them to do a better job of selling it. Their efforts with Gen 1 have a little to be desired. I expect that as the plug-in competition gets more diverse in the coming years they will have to make further cuts.

sven

Look at the bright side, the new Volt is $23,500 cheaper than the Mirai, which has a $57,500 sticker price. 😀

Omar Sultan

While not a Volt owner, I am a fan. I guess I am going to take a contrary view here and say the MSRP seems reasonable. If you look at Tesla holding the premium high ground with a $35K price point (that is not going the get discounted), then it allows GM to slip in under that with an MSRP that will inevitably be discounted another few thousand dollars.

Once GM works through the initial demand at the higher price point, they can can lower it (either directly or with incentives) to broaden appeal. If demand stays strong, then they can hold onto the higher price point.

Jeff Songster

Too bad Chevy couldn’t get their pricing in line with reality. I agree that the 1/2 rear seat change was part of the lack of value problem. The other issue is since the pack is in the same space as before why not stuff it with cells and go 60 or 70 mile AER? Seems that would have increased the value equation more than the savings of weight. Oh well… maybe next rev.

I would say it differently, as in “Too bad people can’t get their idea of reality in line with this competitive pricing”

As in total cost of ownership, this car is cheaper to operate over 5 years than any “traditional ICE car” priced over $10k cheaper.

CP

A Volt is “priced over $10K cheaper.” Look, there really is no need to just make up outrageous fairy tales. Sticker on a base Volt is $34K. Sticker on a base Cruze (same platform) with automatic tranny is $19K. Some of the EVangelists claim that the base Volt has the same features as an upper-end Cruze, but have yet to provide a link that proves that.

At the very least, a Volt stickers for $10K more. And before you weigh in about the federal tax credit, remember that a lot of buyers of middle- and lower-end cars don’t make enough money to claim the whole credit.

Taser54

If by provide a link Chevy.com seems sufficient.

Face it. Their assertions have support.

ModernMarvelFan

“Look, there really is no need to just make up outrageous fairy tales. Sticker on a base Volt is $34K. Sticker on a base Cruze (same platform) with automatic tranny is $19K”

There is no reason for you to make up those claims without any actual information to back it up.

Anyone can go to Chevrolet.com to look up the detail.

The $19K L trim is NOT the same engine as the 1.4L 1LT. Volt’s base trim is somewhere between a 2LT and a LTZ beside leather seating. The base Cruze still comes with drum brake and manual A/C where the Volt doesn’t.

There are tons of minor trim details. If you want, I can listed one by one.

But here is the area you can look at.

1.4L engine,
Brake Disc
Rear View Mirror auto dimming,
power mirror,
Automatic A/C
Keyless start
Remote Start
Touch Screen

ModernMarvelFan

“At the very least, a Volt stickers for $10K more. And before you weigh in about the federal tax credit, remember that a lot of buyers of middle- and lower-end cars don’t make enough money to claim the whole credit.”

I would agree that $10K is somewhat possible when fully load despite some of the feature unavailable on the Cruze.

But $10K also buy you a much better ride and driving dynamic before incentives.

If $7,500 incentives is fully taken off, then $2500 can be easily saved over fuel cost alone. Not to mention that some states such as California might give you $1500 more.

If you can’t buy it with incentives, then you can lease it.

Also, $7500 tax incentive would be about enough tax liabilities for anyone that makes about $68K (different from deductions which is net after your tax, tax credits are against tax liabilities, NOT against income).

Personally I think if you don’t make $68K, then buying anything brand new for about $25K should be eliminated.

Lastly, you can always lease for less.

Jon

Too expensive…

Dora@Chevrolet
“LT = $33,995 including $825 destination charge. Uplevel model starts at $38,345 MSRP including the destination charge. #NextGenVolt”

Chris B

Honestly, GM seems to be positioning this as the “smart / value” play against the BMW i3 rex. At a base of $47,200 with dest, the i3 is $13,205 more than the Volt. I assume a fully loaded Volt will be $6k more and be $39,995 with dest vs. $55,850 for the loaded i3 rex (i.e. i3 is $15,855 more). The i3 is definitely a more “premium” product in many ways, but is also a more restricted product in others (primarily that stupid little gas tank).

Now, will prospective buyers see it that way? Will the Volt’s uber quick 0-30 time “fool” buyers into thinking it is as quick (after 30) as the i3? Will “funky” styling win over “mainstream Civic with aluminum foil front end looks”? Will the BMW propeller carry enough panache to overshadow the Chevy bowtie?

We’ll know soon enough!

3.3 is better because...

…because shareholder value….i mean CUSTOMERS demand a lower price. And everybody knows the UNGODLY cost of 6.6

So we made a decision to put shareholders….i mean CUSTOMERS ahead of unnecessary features.

And we’re sticking to 3.3