Back when the Chevrolet Volt initially made its blockbuster debut, it boasted a sticker price of about $40,000 before title, taxes, fees and the federal tax credit. This scared a lot of potential buyers off as it was deemed just too expensive. Moving forward to present day, the MSRP on a Volt is $35,170 but includes $1,000 cash back, knocking it down to $34,170.
So, most folks were left wondering exactly where the next-gen, 2016 model year Volt would price in. Turns out we now know.
The all-new base price for the 2016 Chevrolet Volt is $33,995. After the federal tax credit, you're talking about $26,495. And, depending on the state you reside, you may be able to knock it down even further. As General Motors' Chevy division points out in the press release below, California buyers can get the price down to $24,995.
If you're looking for a daily beater that gets fantastic mpg, then you may want to think about this as one of your options. While it's not particularly beautiful or featuring a stellar interior I do expect it to be a fantastic workhorse.
**Read Chevrolet's press release for the FULL details, below!
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Chevrolet's press release follows:
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.