With a slick new redesign and a reworked interior, the 2016 Chevrolet Volt aims to carry on the legacy and reputation that was first forged by its predecessor when it was unveiled in 2011. Buyers looking for a good deal will be pleased to hear that Chevrolet has lowered the entry fee for its eco-friendly offering in a bid to boost sales, as well as an attempt to steal stales from rivals such as the Kia Soul EV and the Ford Focus EV.
When the Volt arrives in dealer lots this fall, the car will have a new base price of $33,995 (including destination charges). This is not only a $1,115 discount when compared to the old model’s $35,110, but also allows the Volt to standout better against rivals from Toyota and Kia. The revised price gets even more compelling when you factor in the federal tax credits for hybrid/electric vehicles which can cut the price even further by up to $7,500. As a bonus, buyers in California can also take advantage of separate state incentives that lower the price to about $24,995.
This latest price cut is the second time that General Motors has slashed Volt prices with the company already taking $5,000 off the car back in 2014. Unlike its predecessor which featured awkward styling and a gimmicky interior, the 2016 Volt was redesigned from the ground up and has new exterior styling that matches up with its overall proportions better while also allowing the car to look visually appealing and modern at the same time. The interior also received a makeover and now boasts better design and enhanced ergonomics.
GM also slashed the price on the Volt’s ultra luxurious cousin the ELR last month. However unlike the Volt, the $10,000 price reduction was enacted to try and improve the car’s bleak and dismal sales numbers with the brand only managing to move a miniscule 1,310 units last year. This was well off the predicted 2,200 sales a year forecast that Cadillac predicted and is especially troubling when one considers the ELR’s status as a halo model. The majority of the ELR’s issues can be attributed its initial MSRP of $75,000 which was criticized by dealers and automotive journalists due to the car sharing much of its drive-train and underpinnings with the previous generation Volt.