Skip to comments.G.M. Puts $41,000 Price Tag on the Volt (If you had the money, would you buy?)
Posted on 07/27/2010 12:04:22 PM PDT by SeekAndFind
DETROIT The Chevrolet Volt, a plug-in car capable of driving about 40 miles at a time on battery power without using any gasoline, will have a sticker price of $41,000 before a $7,500 federal tax credit, General Motors said Tuesday.
G.M. will also lease the Volt for $350 a month in the hopes of attracting consumers who want lower monthly payments or would hesitate to buy the vehicle until they are more comfortable with its technology.
The carmaker has begun taking orders for the Volt, using the Web site to direct consumers to a participating dealer. Dealers in selected states, including California, New York and Michigan, are scheduled to begin receiving the vehicle in November.
G.M. had kept the Volts price a secret since introducing the model as a concept more than three years ago, though executives had hinted that it would cost about $40,000. The price is considerably more than the Nissan Leaf, a pure electric car that goes on sale for $32,780 in December, but G.M. insists the Volt is a better value.
You can drive it cross country, and our competition cant do that, Joel Ewanick, G.M.s vice president for United States marketing, said. Nissans Leaf is expected to have a range of about 100 miles on a battery charge. The Volt has a small gasoline engine which will require premium fuel, G.M. said Tuesday that will give the car a total range of about 340 miles and allow drivers to fill up at a gas station if they cannot immediately charge the battery.
Both G.M. and Nissan are counting on the governments $7,500 tax credit for plug-in cars to go a long way toward making their vehicles more affordable.
(Excerpt) Read more at nytimes.com ...
The credit, which buyers must claim when filing their tax return, begins to phase out after the manufacturer produces 200,000 qualifying vehicles.
In the case of leases, the leasing company is eligible to claim the credit. Nissan plans to lease the base model of the Leaf for $349 a month for three years with $1,999 because of delivery. The Volts $350-a-month lease is also for three years, with $2,500 due at delivery.
At those rates, lessees would pay $14,563 over three years for the Leaf and $15,100 for the Volt.
G.M. plans to build 10,000 Volts by the end of 2011 and 30,000 in 2012. The company has said it does not expect to earn a profit from early generations of the vehicle.
Not only would I not buy one of these useless things, I would not accept one as a gift.
No Volt for me. Stupid Idea anyway. Wonder what happens to the power bill when you plug it in.
Let me get this straight. It runs 40 miles, and costs $40k ??? Who, in their right mind, in this economy, would spend that money on that !??
I doubt that it will pull the boat or make it through a Minnesota winter......
Considering the price of electricity I think I’ll just keep my gasoline powered vehicle.
A fool and his money...
Nope, I wouldn’t buy one. I’m going to drive my paid for 2005 Jeep Liberty for as many years as it will hold up and judging by how great a vehicle it’s been so far - I won’t need a new car for many years. :o) (knock on wood).
Even if this thing ran on nothing but air, it would still take 200,000 miles to make up the extra $20,000 it will cost you.
I’ll stick with my 2002 Z-28 convertible.
Would I buy a Volt? The answer is either “No” or “Hell No.”
And how do they generate electricity..nuclear power, or burn coal or oil...so???
The Volt is GM’s answer to a stupid question no one has asked.
During the winter time, a battery’s life drops substancially, add to that the power for electical heat - so when the battery is nearly dead during my commute, and I dare to heat my frozen toes - now what?
This does not even consider the world-famous reputation for Low Quality that GM leads the world in. How many of these cars are being sold are defective, with a re-call just a matter of weeks away?
Its never a good idea to be the first to buy a new model.
Let them work out the kinks first....
Drive across country in it? I’ve never been to a motel or rest area that had outlets available to the public. I would not want to leave the door cracked overnite at a motel so I could run an extension cord out to the parking lot.
Wouldn’t buy any EV/car where there was even the slightest chance I was going to have to pay to replace the batteries in it, even far down the road Heck, I worry about the cost of the four AGM batteries in my electric scooter ($350).
Not a chance in .... 0bama’s final resting spot.
If I was buying a car right now it would be a Ford Focus at 35MPG starting at around $16,000.
I had a 2010 Focus on rental back in December. The giddy up and maneuverability along with the interior set up was outstanding.
Best car I drove all year.
40 miles wouldn’t even get me to work every day.
Twice as much for the purchase of an electric car, and here in Colorado, we now have two-tier electricity pricing in the summer (anything over bare minimum electricity use is billed at a higher rate), so twice as much to buy the car and twice as much to power the car to go 40 miles at a time. No thanks.
Now we taxpayers not only get to fund 52 year old UAW retirees at 3 grand a month pension and silver plated bennnies, but pay a $7500 subsidy for each one of the cars the UAW members build.
Are the batteries warrantied to survive Minnesota winters
and is GM no longer run by the gubermint?
Then why build it?.......Oh, I forgot. GOVERNMENT MOTORS........
Damned expensive way to express your narcissism.
Ok, I'll shut up now. LOL
I hate to break it to you, but when these things start to stack up in inventory and GM has to practically give them away to move them, you will be paying for them...you just won’t have to drive one.
RE: Its never a good idea to be the first to buy a new model.
Let them work out the kinks first....
I gather no true rich enviro believers are going to line up to buy the Volt when it comes out ( the same way people queued for blocks at midnight when the iPhone first debut ).
That’s what I call sticker shock.
220V X 10Amps = 2200 Watts = 2.2 KW .12cents/hour 6 hours = $1.54 cents to recharge. This is half the cost of gasoline. This assumes a 6 hour recharge.
...so how much would this GM POS er, Volt cost after electricity costs “necessarily skyrocket” under cap and trade?
Didn’t you know? Electricity is magically produced by the electric company!
I just changed the clutch in one of those for a buddy. Man it was one of the hardest auto jobs I've ever done. No room to work on anything.
Wait till all these hybrids and Volt’s batteries need to be replaced. There will be a lot of sticker shocked car owners. Count on seeing them for sale by the 1000s
Perhaps some enterprising type could create and sell a gas conversion for these cars. The irony would be delicious.
hang on, it runs 40 miles ONLY and costs 40 grand, anyone would have to be a total nut buying one just like buying and riving one of those so called smart cars which are not smart to drive at all and actually make the person look really really dumb and stupid.
Shhhh...the secret is government unicorns on treadmills.
Like giving it a range that isn’t a complete joke?
Or telling us how to charge the batteries when Stroker tells us that the price of electricity is going to necessarily skyrocket?
Or what happens when the batteries crap out and have to be replaced?
Or, how I am going to load a ton of wood and sheetrock into it?
I’ll stick with my truck, thank you very much.
I couldn’t even make it to work and back.
Brilliant - let’s make cars the average working Joe can’t afford. They are such morons.
I think I will be the contrarian on this one.
If the question is “If you had the money would you buy...?” the answer is Yes.
I was one of those guys (”fools”, if you will) who 30 years ago was buying CP/M computers at $3,000 with 64K of RAM. Innovators and early adopters drive technology improvements with their investment in technology early in its life. Without them, technology doesn’t advance.
If the question was “In your current circumstance, would you buy...?” the answer is No.
Thanks...I thought it came from lightning bugs..