General Motors finally answered the last remaining critical question about its 2011 Chevrolet Volt, by announcing that this revolutionary extended-range electric vehicle (E-REV) will carry a manufacturer's suggested retail price of $41,000, including $720 in destination. In a statement today at the Plug-in 2010 Conference in San Jose, California, Joel Ewanick, GM's new vice president of U.S. marketing, revealed that the new Volt also will be available under a 36-mounth leasing program that will start at $350 a month after an initial $2,500 payment due at signing. Like the electric-only 2011 Nissan LEAF -- which will open at $32,780 -- the 2011 Chevrolet Volt will qualify for a $7,500 federal tax credit and may also be eligible for other state and local credits or rebates. Unlike the LEAF, it will not -- at least initially -- qualify for the $5,000 direct rebate California is offering to vehicles that fully comply with stipulations of its rigorous Advanced Technology-Partial Zero Emissions Vehicle code.
In addition to formalizing its pricepoint, Ewanick said that Chevrolet dealers have begun taking orders for the Volt from customers in California, as well as from potential owners in Connecticut, Michigan, New Jersey, New York, Texas, and the Washington D.C. area where first -- and limited -- deliveries of the car will take place starting late this year. Ewanick is confident that the Volt's match of features and flexibility will serve it well against its high-profile but significantly less-costly Nissan rival, noting that: "The Chevrolet Volt will be the best vehicle in its class...because it's in a class by itself. No other automaker offers an electrically driven vehicle that can be your everyday driver, to take you wherever, whenever. The Volt will be packed with premium content and innovation, standard."
Beyond offering a gasoline engine/generator that can be used to eliminate any concerns about "range anxiety," the Volt's lengthy feature set also includes an industry-best eight-year/100,000-mile battery warranty, a navigation system and Bose premium audio. It's also the first GM vehicle to come with five years of included OnStar Directions and Connections services.
The Volt is designed to travel up to 40 miles on electric power alone before its 1.4-liter gasoline engine "range-extender" seamlessly kicks in to dish up electricity that continues to energize the car's 150-horsepower drive motor/generator for up to an additional 300 more miles before the tank needs refilling. As for battery replenishment, the Volt's 16kW pack can be recharged overnight using a 110-volt charge cord that comes with the vehicle, but needs only two or three hours on a dedicated 240V home unit. Some 4,400 Volt customers in the launch markets could be eligible for one of these at no charge under terms of a grant from the Department of Energy under the Transportation Electrification Initiative funds inside the American Recovery and Reinvestment Act. Several other groups across the country also are involved in accelerating the installation of both private and public charging facilities.
If the prospect of being the first on your block to own a 2011 Chevrolet Volt sounds appealing, stop by http://www.getmyvolt.com for complete ordering information or call 1-888-VOLT-4-YOU (1-888-865-8496) with any questions.