At $40K or more there is no way normal people could afford to buy the
Volt. GM must be intending for the Volt to be DOA at that price unless
they get their welfare from Congress. Volt=EV-1=DOA
GM Seek Tax Break to Lower the Chevrolet Volt's $40,000 Expected MRSP
The Chevrolet Volt could arguably be the most important model in GM's
history, but the high development and production costs are driving the
base price for the model skywards. A price of $40,000 is currently being
suggested by sources close to the project, but considering its chief
rival – the Toyota Prius carries a base MRSP price of just $21,500,
those boys in Detroit have got a challenge ahead of them.
In order to battle this extreme price, GM will look for a bit of help
from the US taxpayers by requesting for Congress to create a new tax
credit for "extended-range electric vehicles" which would include the
plug-in Volt. This could knock off up to $7,000 off the sticker price
and put it back in the price range of the average joe.
Sources have stated that initial sales will be between 10,000 and 30,000
units in the first year which is likely to grow exponentially after the
first few years once production is in full flow. If the Volt is an out
and out success there is a very real possibility of worldwide sales
topping 500,000 per year by around 2015 as consumers look to avoid the
sky-high fuel prices.
Originally displayed in concept form at the 2007 Detroit Auto Show, the
Chevrolet Volt is powered by an electric motor running off lithium
batteries which can run for about 40 miles, after which the batteries
are recharged by a small gasoline engine or can be plugged in to an
The image above shows the original teaser image of the production Volt
which was released late last year and check out the additional images on
the right for the concept version.