Clean Green Cars: GM clarifies Volt's "low 30s" price is only possible after tax credit

GM clarifies Volt's "low 30s" price is only possible after tax credit

Filed under: EV/Plug-in, Hybrid, Chevrolet, GM

2011 Chevrolet Volt - Click above for high-res image gallery

$40,000. That’s the potential price we’ve heard for the first-gen Chevrolet Volt for ages, and it’s the number we get again, now that the recent “low 30s” price rumor has been put to rest. Again.

General Motors spokesman Dave Darovitz confirmed to Green Car Reports that GM CEO Ed Whitacre’s recent statement that the Volt would be priced “in the low 30s” and be profitable was misleading/inaccurate. The reality is that the car will cost around $40,000, and a possible $7,500 tax credit from the federal government would move the price into the low 30s. Specifically, Darovitz confirmed to GCR that, GM “has not officially announced final Volt pricing, a price in the low 30’s after a $7,500 tax credit is in the range of possibilities.” We knew that. Why would we think it was anything else?

Gallery: 2011 Chevy Volt