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Chevy Volt Starts Selling at $33,500 Net Cost with Federal Tax Credit

Today, GM has announced official pricing for the new 2011 Chevy Volt vehicle. The vehicle will be priced at $41,000. In addition, the vehicle will qualify for up to $7,500 in federal tax credits, which basically takes the net cost down to $33,500. A fully loaded version of the Volt will run you $44,600 before the tax credit, $37,100 with the tax credit. Keep in mind you also will have to pay your state tax, title, and registration fees at the time of purchase. That federal credit will expire after the first 200,000 Volts are sold, under current tax law, a milestone that should take a few years to reach. GM expects to produce 10,000 Volts by the end of 2011, and about 30,000 in 2012.

 

The Volt basically runs on electric power for the first 40 miles of usage and then has a range of an additional 300 miles when the 1.4-liter gasoline engine/generator kicks in. The Volt comes standard with an eight years or 100,000 miles on all 161 battery components, the thermal management system, charging system and electric drive components. It will also be the first Chevrolet vehicle to offer, at no additional cost, five years of OnStar Directions and Connections service.  In addition, the vehicle has some cool premium features such as screen-based navigation, an energy-efficient Bose premium sound system, Bluetooth integration and more.

 

The first production vehicles will only be available in select markets to customers in California, New York, Washington, D.C., Texas, Michigan, Connecticut and New Jersey, but will be available nationwide in about 12-18 months from start of production this winter.  So, if you are interested in learning more, we recommend calling a dedicated call center that Chevy has set up at 1-888-VOLT4YOU (1-888-865-8496) to answer general questions, and to visit GetMyVolt.com.