GM cuts 2016 Volt plug-in hybrid car price by almost $1,200

By The Associated Press | Posted - May 3, 2015 at 11:00 a.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

DETROIT (AP) — General Motors is knocking nearly $1,200 off the price of the 2016 Chevrolet Volt plug-in hybrid car.

The company says the new Volt will start at $33,995 including shipping when it goes on sale in the fall. The current version costs $35,170.

Prices do not include a $7,500 federal electric car tax credit.

The new Volt can go about 50 miles on battery power before a gasoline generator takes over. The current car goes about 38 miles on its battery.

GM says it can reduce the price because lithium-ion battery and other costs are coming down.

Sales of Volts and other battery-powered vehicles have suffered with gasoline prices nationwide averaging $2.60 per gallon. Through April, Volt sales are down 46 percent to 2,779.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast