2014 Volt Drops Price By $5,000 to $34,995

By · August 06, 2013

2014 Chevrolet Volt

The 2014 Chevrolet Volt gets a $5,000 price cut, making it more affordable than ever before.

General Motors has announced it will drop the price of the base model Chevrolet Volt by $5,000 when the 2014 model year goes on sale later this summer.

Now in its third year of production, the popular range-extended electric car will now start at just $34,995, including a mandatory $810 destination fee, placing it within reach of more Americans than ever before.

That’s before taking into account any federal or state incentives. For example, the combined $7,500 federal tax credit and $1,500 rebate for plug-in owners in California drops the effective price of a new 2014 Volt to $25,994. Those in Colorado will be able to drive off the dealer's lot with $6,000 in state and $7,500 in federal tax credits, reducing the effective price to a staggering $21,495 and making it effectively cheaper than a base-model 2013 Chevrolet Malibu in that state.

Unlike the 2013 model year, which received a slightly larger battery pack, an increase in EPA-approved all-electric range from 35 miles to 38 miles, some trim upgrades and some new color options, changes for the 2014 model are minimal.

These include adding a leather-wrapped steering wheel as standard, dropping the two-tone white-accented interior, adding the option of heated seats across all trim ranges, and two new color options: Ashen Grey Metallic and Brownstone Metallic.

There’s also a change to the charge port door on the 2014 models. Unlike previous years—which were fitted with a solenoid-operated charge port door release mechanism that proved somewhat unreliable in operation—the 2014 gets a simpler mechanical push latch similar to the one found on the 2014 Toyota Prius Plug-in.

In terms of efficiency, the 2014 model year boasts the same 38-mile EPA approved all-electric range at an efficiency of 98 MPGe as the 2013 model, and the same 37 mpg combined rating while in range-extended mode.

With Deals to Be Had, Will Volt Sales Pick Up?

The price drop, while a welcome bonus to anyone already considering a Volt as their next car, will also place the Volt in a much more powerful position in the marketplace.

Over the past few months, we’ve seen price cuts and incredible lease deals from rival plug-in automakers emerge, making the Volt a less attractive prospect than it once was. Specifically, the Volt has recently struggled compared to the 2013 Nissan LEAF—which received a massive $6,000 price cut when Nissan moved production from Japan to Smyrna, Tennessee at the start of the 2013 model year.

In fact, the 2014 Chevrolet Volt now has a powerful price advantage over cars like the $39,734 2013 Toyota Prius Plug-in Hybrid and the $36,240 Ford Focus Energi plug-in hybrid, making it a serious contender for anyone wanting the efficiency of an electric vehicle but the ability to go longer distances when needed.

If you’re in the market for a new Chevrolet Volt and desperately want the new charge-door release, leather-wrapped wheel or new color options, you may want to hold off a few weeks before placing your order. However, if you’re looking for a bargain, you may find one at your local dealer. Earlier this summer, Chevrolet dropped the price of 2012 and 2013 model Volts, offering up to $5,000 in an attempt to clear a massive 140-day supply of cars.

With the 2014 model just around the corner, the chances are you’ll be able to negotiate an even better deal, especially if your dealer has a few too many Volts sitting on the lot.

Comments

· · 1 year ago

Forget Tesla and Nissan, GM just became my favorite plug-in car company. Between the $27K Chevy Spark EV and the $34,995 Chevy Volt, GM is bringing EVs to the common people.

Want high-torque peppy EV fun for a low price? Get the Chevy Spark EV.

Worried about range on that Chevy Spark EV? Get the Chevy Volt.

· · 1 year ago

Considering I recently got a 2013, you'd figure I'd be upset I hadn't waited, but I'm not. I'm not surprised they did this, and am actually happy I did. GM had essentially already cut the price $5000 on their rebate. The dealer discounted on top of that to bring it to 32k and change.

I think it is a better way to market the car with the lower base price instead of the huge rebates. Its not like they were selling them for $5000 more, but I think a certain amount of people ruled the car out figuring it was not in their price range due to the high sticker. I hope the price drops to this and other plug ins keep the sales up.

That said, I'm glad I leased! Over the next few years I think this trend will continue,and I like having the protection against the depreciation effect price drops will have.

· · 1 year ago

This just has to increase the Volt's market penetration. Silly things like electric 'electric filler' releases won't be missed.

· · 1 year ago

1. Go to http://www.edmunds.com/tco.html (edmunds dot com "true cost to own" calculator)
2. Calculate 5 year cost of 2013 Chevy Volt
3. Subtract $5000
4. Try to find one other car that comes close, new or used.

· · 1 year ago

Oh c'mon Nikki, be fair - it's pretty lame comparing the Volt's price to the "Inspector Gadget Special" PriusPI Advanced. The basic PPI is $32k, still thousands less than Volt even with the 2014 price cut. That said, yes, a $3k premium for the Volt's functionality will be worth it to many buyers. In the case of my household, still no deal - our Prius is our "big road trip" car and a Volt can't replace it (the trunk's for briefcases and/or garment bags and the back seat for teenagers). I do hope GM will eventually put Voltec in an actual family car, but until then we're waiting to see the Outlander PHEV.

Oh, btw - what the heck is a Ford Focus Energi plug-in hybrid? Or did you mean a Fusion Energi? Or Focus Electric? Or C-Max Energi? (three more cars with trunk space problems)

· · 1 year ago

@Spec: Regarding the SparkEV's "high-torque peppy EV fun for a low price" -- If you live in California, good for you (if you can get your mitts on one of the pitiful few that will be built). For the rest of us, the Spark EV is just something GM's doing somewhere else for the ZEV credits, not an actual product that our local dealer can sell or service.

Compliance cars are crap.

· · 1 year ago

vike1108, I sympathize with the people outside the Spark EV's immediate market. But they are also selling them in Oregon and they promised Canada and South Korea. It is just a matter of time before they further expand the market. The Volt and Leaf are available everywhere.

· · 1 year ago

@Vike1108,

Volt with $35k MSRP is significantly cheaper than Prius Plugin after the Federal Tax Incentive.

Pip only get about $2,500 and Volt gets $7,500. That $5k difference is easily covering the $3k difference in price.

· · 1 year ago

I wouldn't call Compliance cars "crap" since they are the ones that have accelerated the Price wars that end up benefiting all potential plugin buyers.

· · 1 year ago

I wouldn't call Compliance cars "crap" since they are the ones that have accelerated the Price wars that end up benefiting all potential plugin buyers.

· · 1 year ago

GM is to be commended for taking a chance here. Initially they are probably losing money on the new pricing. However, if demand greatly increases due to this agressive pricing (whens the last time youve seen a mainstream vehicle's price being lowered by $5k?) rhen sales will pick up, and make each individual car profitable again.

This is much more Brave than Chrysler for instance, who says they won't invest in EV's until the market picks up.

GM would do themselves a big favor by also coming out with that already designed "XOLT", the crossover or SUV on a voltec platform. Those things would sell like hotcakes and would answer all the criticisms of the volt lacking space.

· · 1 year ago

@BHowland wrote: "GM would do themselves a big favor by also coming out with that already designed "XOLT", the crossover or SUV on a voltec platform. Those things would sell like hotcakes and would answer all the criticisms of the volt lacking space"

Dead right. I realize a more SUV/CUV-ish shape would cost a bit of EV range and hybrid MPG, but it would hugely expand the market for the car, and not incidentally take advantage of the accepted "high profile" look of such vehicles to relocate the batteries under the vehicle a la Mitsubishi or Tesla instead of intruding into passenger/cargo space.

The Volt MPV5 concept boasted 5-passenger seating with a decent cargo area, and that really could be the only car for most 1-car households, unlike the "singles/couples only" Volt. With you, I remain mystified by GM's failure to deliver this game-changer. As it stands now, if they ever do deliver the MPV5, they run an excellent chance of showing up late enough to seem like a "me too" to Mitsubishi's Outlander PHEV, already unable to meet demand in Japan and the selected Euro markets where it's been introduced.

· · 1 year ago

@Spec wrote: "they are also selling [Spark EVs] in Oregon and they promised Canada and South Korea. It is just a matter of time before they further expand the market. The Volt and Leaf are available everywhere."

We know about Oregon - that's the entire basis of GM's flimsy "the Spark EV's not a compliance car" dodge, which I hope CARB will give the dismissive treatment it deserves. I don't care a wit for GM's promises for South Korea and Canada, nor should you. As to your supposition that it's "just a matter of time" before the Spark EV goes to additional markets - on what evidence? Let us know when they're shipping - until then it's all talk, and non-committal talk at that.

So to your original point, if you want to be impressed by the Volt (and there are good reasons that you would), that's fine. But it's GM's only EV offering for the U.S.; don't pretend that the Spark EV is a complementary offering to address market demand. It's a CARB compliance special, period; GM's actions support no other conclusion, all their words aside. And that's what it will remain until they start shipping nationwide.

And after reading your post several times, I still can't figure out why you thought Leaf availability was relevant to your response.

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