Buyers waiting in places like Georgia and Illinois will now be able to place their orders for a Chevrolet Volt plug-in hybrid – and get rewarded for their wait with a $1,005 price cut.
After initially introducing the Volt in just eight so-called “launch markets,” General Motors is rolling out its high-tech halo car nationwide, reflecting both its confidence in the technology and the imminent increase in Volt production.
Introduced last December as a 2011 model, early adopters had to shell out $41,000 for the Volt, which Chevy prefers to call an extended-range electric vehicle, or E-REV. (The distinction reflects the fact that Volt’s small inline-four gas engine is designed to primarily serve as a generator, once the batteries run down. It only occasionally provides direct torque to help turn the wheels.)
The new, $39,995 price tag – which includes destination charges – “is possible in part because of a wider range of options and configurations that come with the expansion of Volt production for sale nationally,” according to a GM release.
A source indicates the maker has also been able to drive down the price it is paying for Volt’s 16 kilowatt-hours of lithium-ion batteries, the single most costly part of the vehicle.