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Old 07-27-2010, 11:55 AM
Franc Tireur Franc Tireur is offline
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Chevy Volt priced at $41,000

General Motors announced the final price of its Chevrolet Volt electric car Tuesday afternoon, but it's the lease rate that will probably be most interesting to consumers.

The purchase price for a Volt will start at $41,000. The vehicle qualifies for a $7,500 federal tax credit, for an effective price of about $33,500.

GM will lease the Volt for about $350 a month for 36 months with $2,500 due at signing. The price includes 5 years of GM's OnStar service.

GM will only sell about 10,000 Volts in its first year of production, which begins at the end of 2010 and they will initially be available only in California, New York, Michigan, Connecticut, Texas, New Jersey and the Washington, D.C. area.

A website at getmyvolt.com will include a Volt dealer locator. Interested customers can also call 888-VOLT-4-YOU (888-865-8496) with questions, GM said.

Powered by a lithium-ion battery pack, the Volt will be capable of traveling up to 40 miles on purely electric power. For driving beyond 40 miles, the Volt will have a four-cylinder gasoline engine that will generate electricity to power the wheels.

The lease rate for the Volt makes it competitive with Nissan's electric compact car, the Leaf. The Leaf is a purely electric vehicle with an up to 100 mile range. Unlike the Volt, the Leaf has no gasoline motor as a backup. The Leaf's purchase price is lower at about $33,000 before tax incentives. Lease rates for the Leaf will be about the same as for the Volt.

The Volt's purchase price, even after tax incentives, isn't a real bargain, said Jesse Toprak, an analyst with the auto pricing website Truecar.com.

"I don't think that is attractive, by itself," Toprak said, "but the lease payments they're putting out, that opens it up to virtually everybody in America."

Priced at $41,000 isn't going to fly for many and for 40 electric miles that's pretty excessif.

What is your thoughts?
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Old 07-28-2010, 04:53 AM
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pctec pctec is offline
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I think you cant create energy from nothing... either you pay upfront or you pay in the long run. As for me, I will have to stick with my 8 year old car because there is no way I am going to pay 41k for any new car...

HHmmm... how much is the Smartcar going for these days???
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Old 07-28-2010, 05:15 AM
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TopDogger TopDogger is offline
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It is grossly overpriced, but according to Gizmodo, you will get a free charging station and a $7500 tax credit, which eases the pain somewhat. I'd like to have one, but not at that price. It is worth about $15,000.


This is going to have a very limited market. I suspect that there isn't any heater or air conditioning. After someone gets stranded 2 or 3 times because they ran out of juice, a lot of thee will probably become permanent garage fixtures.

The first generation Volt is likely to be loaded with problems. I'll pass.

GM did have some experience with electric vehicles with the EV-1 in the 1990s, but they recalled all of them and destroyed them without any explanation. Rent the documentary movie, "Who Killed the Electric Car?" for the story behind the EV-1.

Last edited by TopDogger; 07-28-2010 at 05:20 AM.
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