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Chevy announces pricing of Volt

By Claes Bell, CFA · Bankrate.com
Tuesday, July 27, 2010
Posted: 4 pm ET

Just a quick note: General Motors has announced pricing for its Chevy Volt plug-in hybrid car. At $41,000, the base Volt is more expensive than industry insiders had speculated, and represents something of a gamble for GM. The General has spent $750 million developing this car, and if it prices the car out of the market and sales are dismal, that investment could be jeopardized.

The 2011 Chevy Volt, starting at $41,000

The 2011 Chevy Volt, starting at $41,000.

After you take tax credits into account, the base Volt should come in at around $33,500. That's significantly higher than the all-electric Nissan Leaf's $25,000 after-tax price tag.

What do you think? Is $33,500 too much to pay for a compact sedan? Is GM making a good bet?

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4 Comments
Aya
August 11, 2010 at 9:31 am

Too much. It's not a luxury vehicle and doesn't deserve a luxury price. I wouldn't pay it unless I can get a heck of a discount AND free financing or something else of the sort. Otherwise Toyota will remain on the top of my list.

Nissan
July 30, 2010 at 6:01 pm

Price is too high. Guess you need to recoup those labor costs.

Kenny
July 29, 2010 at 9:31 am

You should also take in the fact that this car has an onboard generator not to mention the leaf is little more than a versa in terms of size and style. This is a very nice looking car imho.

Centaur1
July 28, 2010 at 9:39 pm

Too expensive with little room. The fuel savings are not enough to offset the price.