When the 2016 Chevy Volt plug-in hybrid (PHEV) goes on sale later this year, starting prices for the model will begin at $33,995, based on a press release from General Motors.
What that means, is that the 2016 Chevy Volt (including delivery) will be priced around $1,175 lower than the 2015 Chevy Volt was — despite the 2016 model possessing a notably greater all-electric range and fuel efficiency, amongst other things.
Considering that there had been some talk of the pricing for the 2016 model going as “low” as $30,000, I suppose that the actual number won’t make everyone happy (or make sense to everyone), but it is lower then the pricing for the 2015 model — so, in the right direction.
Of course, with federal tax credits (and state tax credits for some) factored in, the effective cost is a fair deal below $30,000 — but that’s still a fair chunk of change for many, likely leaving the model out of the reach of many who would otherwise be interested in driving an electric vehicle (EV).
In a recent press statement, the wording went like this: “Pricing will be as low as $26,495 after the full federal tax credit of $7,500. In California, the [Volt]’s largest market, residents of the state will be able to purchase the all-new Volt for as low as $24,995 after state and Federal incentives.”
Of course, potential buyers will still be paying the full ~$33,000 at the time of purchase — and large tax credits aren’t necessarily of great utility to everyone, depending on income levels.
So, in short, if I was to make a guess… I’m not expecting to see huge sales for the 2016 model. Good, yes — but nothing beyond that.
It’s too bad that a truly “affordable” PHEV (or EV) of this quality still seems so far off — because the market is very likely there, if pricing was to fall a bit more.
Image Credit: Chevrolet