GM is introducing the Volt with a retail price of $41,000 (destination charges included) before any factory incentives, tax deductions, or other subsidies. The Chevy Volt is currently eligible for a $7500 US federal Tax credit and some local benefits. Chevy also offers the Volt through a lease program with a monthly payment of $350 for 36 months with $2500 due at signing. Chevrolet is initially targeting seven regions, and will release the Volt in California, Washington, D.C., Michigan, New York, New Jersey, Connecticut, and Austin Texas in November 2010. The Volt will be available throughout the United States and Canada in the following months.
What is so special about the Volt? Many things including that it will allow GM to finally say that it has built and sold an electric car. GM did build a modern electric car dubbed the EV1 beginning in the 1990s, but that program was canceled. GM never got beyond the test phase for those vehicles and received criticism for "killing the electric car" with some people suggesting a widespread conspiracy with the oil companies.
new Chevrolet Volt Modern EV cars
