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2011 Chevy Volt Prices Start At $41,000

Posted in Car Buying, Chevrolet, Commuter Cars, Electric Cars, General, Newsworthy by Kurt Ernst | July 27th, 2010 | 2 Responses |

2011 Chevy Volt

Chevy has released pricing for the 2011 Volt, and the priceof admission starts at $41,000. Someone correct me if I’m wrong, but that makes the volt the most expensive sedan in Chevy’s history. As the manufacturer is quick to point out, a Federal income tax credit will lower the price by $7,500, for a “street price” of $33,500.00.

The best option for those who want to be Volt early adopters is probably Chevy’s 36 month lease, just in case all of the bugs haven’t been worked out. The lease requires $2,500 down at signing, and will set you back just $350 per month after that. Chevy didn’t specify how many miles you get for that price, but I’ll go out on a limb and guess 10,000 per year, with a substantial up-charge for anything over that. As with any lease contract, be sure you know the details before you sign on the bottom line.

Initially, Volts will be delivered to customers in California, New York, Michigan, Connecticut, Texas, New Jersey and Washington D.C. only. All models will come standard with a 120 volt charging cord, which will allow owners to recharge the Volt’s battery pack overnight. Unlike the Nissan Leaf, the Chevy Volt will be capable of extended range driving, thanks to a gasoline powered onboard generator that recharges the lithium ion batteries.

I’m not sure when Volt models will hit the press fleet, but we’ll give you a full review once we have a chance to drive one.

Source: Chevrolet

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2 Responses

  1. Mark Smith says:

    To be honest, I’m once again disgusted with how an American car company screwed up a good idea. They were aiming for 60, then 50 miles between charges. They missed their initial goal by a whopping 33%. Their goal was to do this in a car that was not more than $30k. They missed this one by 33% as well. I read the design decisions and tradeoffs that lead to both the Leaf and the Volt and wonder just what market Chevy was aiming for.

    • Kurt says:

      Mark, in defense of the Volt, it’s the first extended range electric car. I love the elegance of the gasoline powered generator to provide unlimited range, and wonder why no one else has gone down this path. If diesel electric power is good enough for locomotives, why not hybrid cars?

      I’m not generally in favor of leasing, but that’s the only way I’d consider taking delivery of a Volt. The monthly lease price ($350) is the same as a Leaf, but you can take the Volt on a cross-country trip. Plus, no one knows what depreciation on electric cars will be, so I’d rather not be the guy who finds out it’s 90% after five years.