2011 Chevy Volt Will Start at $40,280, Ordering Open

Voltpricing

The speculation is over. The price tag for a new Chevy Volt, the extended-range hybrid, will start at $40,280 before a $720 destination charge brings the total to $41,000. If you qualify for a full tax credit of $7,500, it will cost $33,500, which is a price GM likes to point out. However, not all buyers will qualify for that credit, which is based on a sliding scale of $0 to $7,500 depending on the buyer’s income.

Leases will also be available for as low as $350 a month for 36 months with $2,500 due at signing, which includes the security deposit. That’s a pretty good lease deal.

Finally, interested buyers can go to a participating dealer starting today to begin the ordering process. You can visit GetMyVolt.com to find a participating dealer.

The Volt will come with a lot of standard equipment at that price, including many high-tech features. Chief among them are a six-speaker Bose stereo system with navigation, XM satellite radio, USB port and 30GB of audio storage. There is also a 7-inch LCD touch-screen to display basic in-car features such as entertainment information but also Volt-specific needs. Also standard: remote starter, keyless entry and start, Bluetooth, auto-dimming rearview mirror, programmable garage door remote, LED daytime headlights, 17-inch wheels, steering-wheel audio controls, cruise control and adjustable drive modes for normal, Sport and Mountain.

There’s even a special “pedestrian-friendly alert,” which emits a horn chirp (instead of a horn beep, we assume), using the turn-signal lever.

Only 600 dealers will be equipped to sell and service the Volt when it launches in seven states at the end of 2010. That is roughly 90% of the dealers in the launch markets.

Read More About the Chevy Volt

Comments 

AP

Too much. $40K+ is luxury car territory. Plus only 40 miles gas-free, compared to 100 with the Leaf. At these prices, the market (inevitably card-carrying environmentalists) will probably pick the latter... no gas stigma attached.

Dan

Lease of only $350/month? That's rock bottom low! Completely affordable for a large portion of the market, and very similar to the Leaf. While I love the all electric Leaf, I can see the market moving toward the Volt due to the range stigma.

GM has to be offering that to entice people to lease rather than buy. With the EV1, they only offered leases. If they have a long warranty, why continue the push for leases?

Jona

*YAWN* GM is an also ran company. I would never put them on my shopping list but don't mind renting one of their cars when I travel.

Too high. Any marketing person worth their weight would tell you that GM should should have lowered the price by just $300 get it it into the magic $30k category WITHOUT the $7500 incentive. Dumb.

J.

How exactly are they calculating the tax credit?

Tony

40K. 4 seats, bad cargo...
Not so practical. Almost as you have to buy another car by its side.

Unless gas prices will hit really high, I don't see this moving really good. Mostly, people like Jay Leno will buy it.

Style

They don't calculate the tax credit...the IRS does.

J.

Okay, I didn't know I had to be that specific. How exactly are they, the IRS, calculating the tax credit...?

KeithO

Like the car, commend GM for the achievement, but I think they're blowing it by pricing it over 40 grand. Lower the price by about $10,000 (before the tax breaks), and I and a great many other people will beat a path to our nearest Chevy dealer's doors. Think about it, GM!

Amuro Ray

@ J,

Best to talk to ur accountant (not H&R Block). I've talked to mine and as per accountants rough cal, I would get 'bou $5500 on the LEAF (out of the $7500). Some of thgs that are important:
- mortgage payment
- child/children
- your AMT (or is it ART) claimed at this point
- your income tax (credit)
- your income
- your taxable expenses
- your 401K / Health Benefits accounts
There is 1 additional catch too - the $7500 credit - it's only available as a 1st come 1st serve basis, and there is a time limit too as per current fiscal year. Say either LEAF or VOLT will come out in Nov...we've to pray that
1. the tax credit has NOT ran out (it's being shared by many vehicles, both commercials and private); and
2. our gov't will extend such credits to next fiscal year, either if it has ran out due to time, or ran out due to money.

Personally, I think that VOLT will be a dud at that price range. Way too expensive for mass purchase, and to "promote" green initiative to the American public - like how tobacco companies and Microsoft do it.

I'm also disappointed that GM is promoting this vehicle NOT by the exact mileage it can go (with EPA certification), but by though techno gimmicks :( Come on, most low-mid-20K vehicles have those for standard too, so don't use those bluetooth, remote starter, etc. thingy as the selling point of this vehicle and justify it to be $41K. Remember, otr, with worst case scenario of no tax credit (which is HIGHLY possible), and with best case scenario of no dealership markup - you'll need to hand in a check for $45K to the dealership. That's more than most people's salary per year. If you compare that to $35K for the LEAF - a $10K diff! In addition, those who have intention to purchase green vehicles mostly don't care 'bou all those 30GB music storage and 17" wheels. Seriously, those techno gimmicks cost GM a few hundred bucks at most (not including Union labor, of 'coz). Take all those out, and you can do the same thg - and more - with a notebook (including netbook, iPad, iPhone, etc) with IR and Bluetooth ports. Take those out and lower the price to mid 30K. Mileage is the KING for green vehicles, followed closely by how much you can get one. That's why Prius succeeds whereas Insight fails. I would predict that the LEAF is gonnabe a success because it has great mileage and close price to the Prius. This sort of marketing (that VOLT is worth it 'coz of those techno gadgets) only tells me that the "old" GM way is still very popular - and in charge - of how GM sells their vehicles.

Zack

You can easily spend $40K on an Audi A4, a car that has average to poor reliability, a cramped back seat and lousy gas mileage. You can spend a lot more on a BMW 3 series that is the size of a Honda Civic. So why all the comments about the price tag of the Volt being too high? We live in a free country where some people are willing to pay for a drivetrain that will allow them to drive 40 miles without burning a drop of gasoline and can be recharged for another 40 miles after that. When Al Quaida blows up an oil terminal and causes the next oil panic where people are waiting in line while gas pumps run out, you'll understand the inherent value of the Volt. When you factor in the tax credit, the volt is a major bargain. This is a great achievement by GM, big enough that Toyota is now playing catchup by preparing a plug-in Prius for 2012 that will only allow 12 miles of all electric driving.

John

Zack your comments are completely ridiculous. The Audi A4 has good gas mileage (22 city, 30 hwy), and its the largest car in that segment. Reliability is also much better than average to poor. Calling the VOLT a bargain is stretching it a bit.

AP

Neither of these cars is the next Prius. The Volt and the Leaf are out of reach for the average American consumer. The beauty of the Prius was its accessibility; Toyota took losses on each one (initially) just to get it into people's hands.

BTW, Nissan has below-industry-average reliability, and GM isn't much better. I don't know if I'd take the risk on their electric technology when they can't seem to get the age-old ICE right.

Tony

Zack,

You just went way overboard with some of your statements.

BMW 3 vs Civic. Ok, its like Mini Cooper vs Yugo. Same size, you know...

al-Qaeda will blow something for sure. We know that. But if you want to blame someone for the gas shortage - blame the oil companies and stock traders. Bush signed the law that allows oil companies to take closed military bases for FREE if they to build refineries there. However, instead, oil people closed refineries, they keep oil in the tankers afloat, just to make shortages for us and to keep prices up.
But once al-Qaeda will blow a single refinery we will blame all on them, of course and Chevy Volt will be the American hero.

I see problem of Volt in the following:
For the people who drives a lot this car will not make much sense. For the people who drives a little this car will be too expensive to make any sense.

qdp

Guess,with battery down to zero, the gas engine-generator driving mode's mgp is about 23. The plug-in costs 0 gasoline. Thus GM once claimed Volt was 230 mpg (23+0=230)

Borodave

I agree that they should drop the price by $380. Get it below the $40k "perception". Or, as someone suggested, take a loss on em for the first year; maybe sell em for $30k to get em in peoples driveways; like Toyota did. No, it's not a bargain; but it's a fine car.


I recall stories of other cars going for over list when they were in peak demand and low supply. The Chevrolet Volt, or Chevy Volt, is hotly awaited by fans of green machines and General Motors. It will compete with the Honda Insight and Toyota Prius. The Volt is a plug-in hybrid, though. It could be awful if you got overcharged to save cash on gas, right?. News of the rumors were touched off by a response to Edmunds by an unnamed automobile dealer. Auto companies aren't the only ones that do that; once you drop the cost on something that's in demand, more people buy it.

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