Despite a significant improvement in style, performance and practicality, General Motors Company [NYSE:GM] is offering its second-generation Chevrolet Volt at a lower price than the original. The automaker has confirmed pricing for the 2016 Chevy Volt will start at just $33,995, including an $825 destination charge, making the car close to $1,200 cheaper than the outgoing model.
And this price doesn’t include potential federal tax credits ranging up to $7,500. In California, the biggest market for Volts, some new car shoppers will be able to hop behind the wheel of the 2016 Volt for as little as $24,995 once all state and federal incentives are factored in.
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Thanks to a completely revised ‘Voltec’ powertrain in the car, the 2016 Volt boasts an all-electric range of 50 miles, up from the outgoing model’s 38 miles, and with the in-built range-extender owners can travel roughly 420 miles without having to make a stop. Remember, the Volt is an extended-range electric car and not a pure electric like the Nissan Leaf and Tesla Model S.
However, based on the driving patterns of the roughly 75,000 first-generation Volt owners, GM predicts the 50-mile range of the second-generation Volt should be enough for 90 percent of all trips taken in the new model to be done so with zero emissions. And by charging regularly, GM also predicts owners will be able to drive 1,000 miles or more before ever needing to stop for gas.
The new Volt goes on sale later this year. Note, GM is also working on a pure electric model powered by a battery. The car, which is still a couple of years away, will be called the Bolt EV and have a range of about 200 miles on a single charge.