GM to Sell Chevy Volt for $41K

Electric car priced close to manufacturing costs
By Nick McMaster,  Newser Staff
Posted Jul 27, 2010 2:03 PM CDT
In this file photograph taken Dec. 2, 2009, the 2011 Chevrolet Volt debuts at the Los Angeles Auto Show, in Los Angeles.   (AP Photo/Jae C. Hong, file)

(Newser) – GM will sell its flagship electric car, the Chevy Volt, for $41,000, the Detroit News reports. GM executives announced the price, along with a 3-year, $350-per-month lease deal, at the Plug-In 2010 conference in California today. Buyers can get an additional $7,500 off the sticker price through a federal tax credit. It can also be applied to the lease agreement to cut the monthly payments to $200.

"GM's pricing strategy is a bold one that will reward the company if it works," writes John O'Dell of "It means the Volt likely will be sold for something close to what it costs to build and won't be straining GM's red-ink supply." The lease deal ensures that the Volt will be competitive with Nissan's all-electric Leaf, which costs only $32,780 but leases for $349. Click here for a review of the Volt.

My Take on This Story
Show results without voting  |