Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Uproar After NC State Agent 'Fixes' Girl's Lunch Preschooler has to eat chicken nuggets instead of mom's meal »

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
Email

(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 GreenCarAdvisor.com. "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.

In this file photograph taken Dec. 2, 2009, the 2011 Chevrolet Volt debuts at the Los Angeles Auto Show, in Los Angeles.
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)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
10%
37%
8%
20%
0%
24%
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Showing 3 of 33 comments
DontLikeYou___
Jul 28, 2010 7:16 AM CDT
Or, save $30,000 and buy a Hyundai Accent for $11,000 and get 36 mpg and approx 300 mile range per tank. As a bonus, you won't have to dispose of the toxic battery some day. http://usnews.rankingsandreviews.com/cars-trucks/Hyundai_Accent/
DontLikeYou___
Jul 28, 2010 7:09 AM CDT
Government Motors can keep their car.
Brass
Jul 28, 2010 1:22 AM CDT
What a joke! Twice the price of plenty of cars that get 40 to 50 mpg like the smaller diesels selling all over europe. And, they are no greener considering how we make electricity and the cost of making and disposing of batteries. Buy a Volkswagen Jetta and get 50 mpg for half the money, and it will probably go for 300,000 miles or more! http://www.popularmechanics.com/cars/alternative-fuel/diesel/4237945

 
General Motors • electric cars • auto industry • Chevrolet Volt

More Newser Stories

Automakers Pushing 'Connected' Cars

Chrysler Roars to $225M Profit

Taxpayers Still Have $132.9B Stuck in TARP

GOP: Obama Hid Volt Fires

GM Reclaims World's No.1 Spot
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne