A broken link ( at 13:00 EST) on BNN.CA says
GM's Chevy Volt priced at $41,000
General Motors Co. said Tuesday it has begun taking orders for the electric-powered Chevrolet Volt at a $41,000 US starting price before tax credits, a sticker price $5,000 higher than the top-selling sedan from its luxury Cadillac brand.
LA Times
Chevy Volt to cost $41,000 before rebates
A federal tax credit and state rebate would bring the electric car's price to $28,500 for Californians. Volt's main rival, the Nissan Leaf, will start at $32,780 before subsidies. Both go on sale later this year.
The Chevrolet Volt, the first mass-market electric vehicle from General Motors Co., will have a sticker price starting at $41,000 when it hits showrooms later this year.
But government tax credits and rebates designed to speed the entry of electric vehicles into the marketplace will make the price more attractive. There's a federal tax credit of $7,500 for electric vehicles. And Californians are eligible for an additional $5,000 rebate through the state Air Resources Board. That lowers the Volt price in California to $28,500.
Chevrolet also plans to offer a lease program on the Volt with a monthly payment as low as $350 for 36 months plus $2,500 due at lease signing. And in a move to reassure potential buyers that they won't have to make a costly battery replacement early in the life of the vehicle, GM is guaranteeing the battery in the Volt for eight years or 100,000 miles.
The Volt will be initially sold in California, New York, Michigan, Connecticut, Texas, New Jersey and the Washington, D.C., area, regions where there is a growing power charging infrastructure for electric vehicles or where local and state governments provide extra incentives for electric vehicle purchases.
Pricing has already been announced for what will be the Volt's main rival through the next year. The all-electric Nissan Leaf hatchback will start at $32,780 when it goes on sale in December. The government subsidies will lower the base price for the standard Leaf, in California, to $20,280. Nissan also has a lease deal -- $349 a month on a 36 month lease with an initial $1,999 customer payment.
Enterprise Holdings Inc., which owns the Enterprise, Alamo and National car rental companies plans to purchase 500 of the Leaf hatchbacks for its rental fleets in January.
