The Volt's new MSRP is $34,995

Earlier this year, Nissan slashed the price of its all-electric Leaf hatchback by $6,000 to spur sales. Last month, Ford countered with a $4,000 price reduction on its Focus Electric hatchback, bringing it down to $35,200.
Now, it's General Motors' turn as it lops $5,000 from the base MSRP of the Chevrolet Volt. As a result, the new price of entry for the plug-in is $34,995. That price still makes the Volt more expensive than the Leaf ($28,800), but the Volt has the advantage of an onboard 1.4-liter gasoline engine/generator that allows the vehicle to keep on truckin' once its 38-mile all-electric range is exhausted (total driving range is 380 miles).
The Volt still qualifies for a $7,500 federal tax credit (and some states like California pile on even more incentives), so the price of entry could fall to $27,495 or even lower depending on the state you live in and your current tax situation.

The Volt has long been the whipping boy of critics due to its high price tag and GM's past bankruptcy proceedings, but that still hasn't stopped the vehicle from posting modest sales gains year-over-year (11,643 Volts have been sold for the first seven months of 2013, up 9.2 percent from the same period last year).
“We have made great strides in reducing costs as we gain experience with electric vehicles and their components,” said Don Johnson, VP of Chevrolet sales and service. “In fact, the Volt has seen an increase in battery range and the addition of creature comforts, such as a leather-wrapped steering wheel and MyLink, since its launch in 2010.”
Back in April, GM reported that Volt drivers are averaging roughly 900 miles between trips to the gas station. Brent Waldrep, a Volt owner from Michigan, amazingly managed to drive 23,000 miles with only two stops to a gas station.
Today, GM is reporting that Volt owners have a logged a total of 364 million miles, 225 million of which were on battery power alone.
GM was also quick to point out that it was able to cut the price of the Volt without removing any standard features from the vehicle. And it should also be noted that GM has already stated that it will be able to reduce the cost of building the next generation Volt by $7,000 to $10,000. Perhaps by that time, we could see a base price of $29,995.

Source: General Motors

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