Over the weekend, General Motors announced the 2016 Chevrolet Volt extended-range hybrid car will have a MSRP more than a thousand dollars lower than the current price of the first-generation car. The next Volt will have a base MSRP of $33,995 (including $825 as a destination fee), which GM say is about $1,200 cheaper than the 2015 Volt. With a federal tax credit of up to $7,500 still in place, the new Volt could cost as little as $26,495 before any applicable state-level subsidies.
The Volt will not only be cheaper to buy, it should be less expensive to operate. Range when running in EV mode has been increased by 31 percent to 50 miles. When powered by gasoline it will get 41 miles per gallon on the EPA’s combined traffic cycle. In comparison, the current model is rated at 38 EV miles and 37 mpg. Another economy will be gained by the fact the combustion engine will run on 87 octane gasoline, unlike the first-gen Volt requiring premium fuel.
Now that the first Volt is going away, it’s probably appropriate to perform a postmortem. Has it been a success or a failure? (Read More…)