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They could both hit the $30,000 price range

General Motors Company (GM) has some new vehicle models up its sleeve, and they could be an updated Chevrolet Volt as well as an all-new EV. 
 
According to Automobile Magazine, a recent Business Week article suggested that GM is preparing the next Chevrolet Volt and a brand-new EV for a 2016 launch -- and it looks like added range is the main idea as the 2017-2025 CAFE standards will soon take effect at that time. 
 
Jake Holmes over at Automobile Magazine reports that the first 2016 model is expected to be the updated Chevrolet Volt, and he suspects 20 percent greater all-electric range of 50 to 60 miles thanks to higher-capacity batteries. He also sees a new 1.0-liter turbocharged three-cylinder engine in the Volt's future, replacing the current 1.4-liter range-extending gas engine. 
 
Aside from internals, the Volt could get a minor facelift as well with some sheetmetal changes. 
 
It looks like the new Volt could be priced around the $30,000 mark, which is a nice cut from the current cost of the 2014 Volt at $34,995. This is a good start at making the plug-in more accessible to those who don't want to pay a ton of money for a new car, but it could still prove to be too high.
 
A recent study from Colorado-based consulting firm Navigant Research showed that 71 percent of consumers surveyed wouldn’t buy EVs priced over $25,000. It also showed that 43 percent wouldn't spend over $20,000 for a new EV or plug-in hybrid. 


Moving on to the new EV, Business Week described an affordable electric vehicle for 2016 priced at $30,000 as well. To top it off, it's expected to have a 200-mile all-electric range, putting it on par with Tesla's Model S.
 
This isn't entirely new to us, since reports started floating around earlier this year that GM was looking to go head-to-head with Tesla with a $30,000, 200-mile all-electric range EV. But what's new is that the vehicle could have a 2016 launch date as either a 2016 or 2017 model, and it could be available in all 50 states (as opposed to the Chevrolet Spark EV, which is only available in California and Oregon). 
 
Tesla said it's working on an affordable EV of its own. In May, Tesla CEO Elon Musk said that his company's Model S is a great EV, but it's a luxury car that is out of the price range of many consumers. Musk said the ideal affordable Tesla EV would be available in about three to four years, and would be sold for under $40,000. It would also have a range of about 200 miles per charge. 
 
Back in September, GM Chairman and CEO Dan Akerson said GM would target Tesla specifically with new EV offerings from Cadillac as well.




"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer







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