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    2014 Chevrolet Volt Sees A $5,000 Price Cut



    William Maley

    Staff Writer - CheersandGears.com

    August 6, 2013

    Despite piling on incentives to move Chevrolet Volts off dealer lots a couple months ago, sales rose to a meager 0.1 percent to 11,643 vehicles through July. Add in the fact that the Nissan Leaf dropped it price earlier and is currently experiencing a rise in sales and the inevitable was bound to happen.

    Today, General Motors announced a $5,000 price cut to the 2014 Volt. That means the starting price is now $34,995 (including $810 in destination). Factor in the $7,500 federal tax credit and you're looking at a price of $27,495.

    “The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership. The 2014 Volt will offer the same impressive list of features, but for $5,000 less," said Don Johnson, Chevy’s US VP of sales.

    Source: General Motors

    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster.

    Press Release is on Page 2


    2014 Chevrolet Volt Now Offers Even Greater Value

    • Pricing for the 2014 model will start at $34,995

    2013-08-06

    DETROIT – The Chevrolet Volt, already recognized for having the most satisfied owners will soon come with another people pleaser: a lower price. The 2014 model will start at $34,995, including an $810 destination fee (excluding tax, title, license and dealer fees).

    If consumers include federal tax credits ranging from $0-$7,500 (depending on individual tax liability), pricing could start at $27,495. Individual tax situations differ, so consult a tax professional prior to claiming any credits to confirm eligibility for vehicle tax benefits.

    “The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership,” said Don Johnson, U.S. vice president, Chevrolet sales and service. “The 2014 Volt will offer the same impressive list of features, but for $5,000 less.

    “We have made great strides in reducing costs as we gain experience with electric vehicles and their components,” Johnson said. “In fact, the Volt has seen an increase in battery range and the addition of creature comforts, such as a leather-wrapped steering wheel and MyLink, since its launch in 2010.”

    Volt owners who charge regularly typically drive 900 miles between fill-ups and visit the gas station about once a month. The 2014 Volt will continue to provide owners with impressive fuel economy of 98 MPGe (electric) and 35 city/40 highway on gasoline power without any need to change their daily driving habits while saving $900 in annual fuel costs. Today’s Volt owners have logged 364 million miles, including 225 million electric miles.

    The Volt’s lower price also changes the comparative set of vehicles on popular auto information sites like kbb.com, Edmunds.com and cars.com, where visitors to these sites can search for a new vehicle by type and/or prices. The Volt’s lower price will broaden its exposure to price-sensitive prospective buyers using these sites to search for a plug-in electric vehicle or a gas-powered alternative sedan.

    The Volt continues to be the best selling plug-in vehicle in America and is attracting new buyers to the Chevrolet brand. More than 70 percent of Volt buyers are new to General Motors. Not surprisingly, the Toyota Prius is the most frequently traded-in vehicle for a Volt.

    California continues to be Volt’s largest market. The 2014 Volt will continue to offer a low emissions package that earns the Volt a coveted “sticker” for single-occupancy HOV lane access in California and New York.

    The Chevrolet Volt allows gas-free driving for an EPA-estimated 38 miles (61 km), depending on terrain, driving techniques and temperature. The range-extending engine gives the Volt up to 380 total miles (615 km) of total driving range. The 2014 Volt will start to be available in dealer showrooms late this summer. Chevrolet will introduce two new colors – Ashen Gray Metallic and Brownstowne Metallic for the 2014 model year – and a leather-wrapped steering wheel.

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    I mentioned this to my coworker that bought a Volt in June. He thinks it's a good thing, should lead to more sales. He's still happy he bought the 2013 rather than wait on the '14, partially because the color he got isn't available on the '14.

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    All I can say for people for who bought a plug-in hybrid is that these cars do not make economic sense without the $7500 in federal tax credit and up to $6000 in state subsidies (eg. California) -- and sometimes not even then.

    That's $13,500 of hard earned tax payer dollars and/or increase in the national debt. If it works for you after the subsidies, well... good for you! But, bad for the tax payer, bad for me, bad for the economy and bad for energy independence.

    I have no problems with misguided "global warming" coolaid drinkers wanting to feel good about themselves and cut carbon emissions. But, I do have a problem with them doing it with my money.

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    I agree with Dwight. Plus it makes everyone who has already purchased one look like a fool, and resale value will plummet. All around bad deal.

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    This is the wrong thread to persist in this discussion, but I want to emphasis that I have absolutely no qualms with people who feel good about driving a car that gets them 70 mpg or 100 mpg -- nevermind the economics -- just like I have no problems with people wanting to drive cars that go from 0-60 mph in 3.8 secs but doesn't have rear seats. If hyper-miling makes you happy, all the power to you!

    My quarrel is with the public policy of using tax payer money to subsidized such behavior, especially when the reasoning behind such policy is based on an environmental hypothesis that is totally bogus, founded on fraudulent data and propagated through bullying voices of proper science into silence.

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    The taxpayer subsidies to ExxonMobile are much greater than any subsidy the public gets via the Volt or Leaf. So spread your outrage around proportionally please.

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    The taxpayer subsidies to ExxonMobile are much greater than any subsidy the public gets via the Volt or Leaf. So spread your outrage around proportionally please.

    That's untrue on so many levels...

    The Federal government does not subsidize Exxon Mobil per say, they provide tax credits for certain energy production activities. And in fact, a lot of the so called subsidizes are not subsidies at all.

    Every year, we spend about $75 billion on such activities. Of these only about half ($38 billion) goes to fossil fuel producers. The remaining half goes to Alcohol incorporation, renewable electric production and Ethanol production.

    Of the 37 billion or so that goes to fossil fuel production, most ARE NOT subsidies at all...

    About $16 billion is foreign tax credits -- credits company receive on US taxes for taxes they already paid to foreign governments. It's like if you worked in Russia and paid 12% (Russia as a 12% flat tax) of your income in Russian income taxes, you get to take that 12% as a deduction on your US income taxes because you didn't actually earn that money -- it was lost to foreign taxation. This applies to you, to any company and to oil companies! Why shouldn't it?

    About 14 billion goes to credit for producing unconventional fuels. Most of the time, it is for producing fuels the oil companies don't want to produce or cannot make a profit on, but is mandated by the government. Again, I hardly call that a subsidy, more like a compensation for compelled activity. It's like you don't want to ride a bicycle to work, but the government say you must. You claim that this results in 2.5 hours a day of lost productivity and lost wages because of increased commute time and increased tiredness. The government says, OK, we'll pay you 2.5 hours of wages, but you ride that bicycle.

    The rest, about 8 billion goes to credit for expenses incurred in oil, gas and coal exploration. Again, why would anyone consider that a subsidy? That'll be like saying that if you buy a food truck and install the equipment so you can sell hotdogs, that you shouldn't get to deduct that on your business tax returns as an expense!

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    The Federal government does not subsidize Exxon Mobil per say, they provide tax credits for certain energy production activities.

    You could have saved yourself a lot of typing if you had stopped right there, for a rose by any other name....

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    All I can say for people for who bought a plug-in hybrid is that these cars do not make economic sense without the $7500 in federal tax credit and up to $6000 in state subsidies (eg. California) -- and sometimes not even then.

    That's $13,500 of hard earned tax payer dollars and/or increase in the national debt. If it works for you after the subsidies, well... good for you! But, bad for the tax payer, bad for me, bad for the economy and bad for energy independence.

    I have no problems with misguided "global warming" coolaid drinkers wanting to feel good about themselves and cut carbon emissions. But, I do have a problem with them doing it with my money.

    Again this is about more then numbers. You thinking is always so narrow.

    The last sentence sums it up for now.

    The real picture here is to create a market for these cars and let them advance and grow to the point that they cost much less and get more efficient. This is like the space program. Shooting a chimp into space may not look like a big deal but it and satellites were the first steps to the moon.

    This is where the real point comes in. The whole thing was not really landing on the moon the whole thing was about developing technology to do it. This is what propelled up into the future with electronics and other systems and medical things we never would have had. In fact we all would not be here now discussing this.

    I understand why the government is doing what they are doing and why GM is investing so much into this. With out a market the suppliers can not and will not invest in the new and improved technology.

    I can see a lot of good coming from improved Batteries and other electronics and not just cars. I am not a global warming guy and really have little interest on this end but I can see a cell phone battery that may need charged once a week. I see a smaller electric motor that may one day replace my heart and run the pump to keep me or someone in my family alive when no donor heart is available. It is endless.

    The fact is the government squanders many more trillions than what they are doing here. The fact is they are not going to cut the pay outs to the voters as they have been buying votes for years. They will continue to increase our taxes too.

    While this may not be as exciting as the space program I think we can reap similar rewards long term here. Lets face it since they axed much of the space program we are behind the 8 ball on technology growth. Today we need some kind of program to bring this new technology forward. The company who cracks the battery issue will become the new Microsoft or Apple.

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    Well, I will very much have preferred zero subsidizes for Ethanol, "Green" Energy and no gasohol blending mandates. But on the otherhand, there is no justification for double taxing oil companies when every other business and individual do not have to pay foreign taxes on top of US taxes with no deductions or for saying that capital expenses should not be deductible.

    But, yes, philosophically I am of the persuasion that US government should be significantly smaller in size and scope.... that it should take less (in taxes) and do less (in services, entitlements and, yes, subsidies).

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    Well, saw that coming..hopefully more coming. I can agree with both sides, but Hyper hit it on the nose-we need to get the tech out there-

    There will always be car people cars (maybe!), but for the person who shops for cars like a fridge and want to save money, the Volt could not be any more picture perfect....

    We are getting there....

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    The new ELR I suspect will show some of the new second gen Volt technology. I see it will have around 55-56 more HP, Not sure how they figure it as electric or gas but it should be more fun to drive. The Volt is not really a slug to start with.

    I am not a big spending guy and I would shut down most of the crazy government spending that is going on. They just toss it around like garbage. But the investment into this line of cars is the only way they will grow to the point people will like them and it will make them to the point where they may make a difference in your wallet.

    Also the fall out from the investment into the electronics here will reap benefits elsewhere.

    Now for the spending on all these other programs for the study of slugs and other many other issues I would axe in a heart beat. Too many people with their hands out expecting the government to do it all where they have no place being.

    The Ethanol would get cut right away. It not only is damaging to cars but it also drives up grain prices some years to increase food cost. With the lesser MPG etc. I just do not see a need for these blends other to make a few companies happy and farmers.

    At least with the Volt and other electric cars you have a choice if you want them and if not don't buy one. Later on even if you do not own one you will reap the benefits they have learned from the investments in you other cars in aero dynamics, tires and electronics. I think a lot of new ideas will be applied to even gas cars with lighter materials.

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    Gov spending on R&D for Space to the auto industry and High Tech is good for the country. We could easily get this out more if we just closed some of our 1082 military bases and 500 black op bases and spent that money at home. Just closing 25% would allow us to invest in the roads, Electrical Grid, Clean water and securing the borders along with pushing the VOLT technology into more GM cars.

    I would have no problem giving each auto company even asian and europe company say 1 billion each as long as they deliver within 18 to 24 months a CUV or SUV Hybrid auto that uses a VOLT like power train. Helping companies to move to better technology that is over all good for the planet and for job creation is a good thing in my book.

    I really HOPE GM will scale the VOLT technology and get it into full Size SUV's, Pickups and Vans. This is where we can really see benefits for fuel savings.

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    we do have to diversify vehicle propulsion beyond gasoline and its inevitable that electrification is part of it.

    That said, right now, the whole appeal to me of electrification is the possibility of saving my own money on gas.

    The govt will conspire to make electricity much more expensive over time and in the end will figure out how to get as much out of your pocketbook each month for electricity as they do for gas right now.

    That is where the outrage should be directed. Electrification's main success in cars would be to allow multifuels and mainly to reduce driving costs overall. The government will look at it as an opportunity to tax the shi-t out of it and rob you of that potential benefit.

    So the discussion of how much of the development of electric cars is subsidized to the point where economy of scale takes over it pointless and minor.

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    I'm indifferent to them building the plant or not, but if they don't build the plant, they should refund the customers their money.

    Totally agree with you. Back in the 80's washington state had a major Nuclear plant series being built. They stopped after 2 plants and scrapped the other 4 and were forced by the state to refund millions back to the citizens. Did not go over well with the power company but the people loved it and I agree that they should refund all of it.

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    I'm indifferent to them building the plant or not, but if they don't build the plant, they should refund the customers their money.

    Too early to say that.

    Duke plans to pursue the license and expects to receive it in 2016, spokesman Rick Rhodes said today. The company considers the project to be merely delayed, he added, with future construction there remaining likely. “Our philosophy at Duke is that you need a diversity of different types of fuel,” Rhodes said. “I think as a utility, and as a country, we have to have nuclear in our future.”

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    What I would be more concerned about the killing of coal with little to replace it. I am fine to replace coal but the fact is there are no real replacements for coal at this point. We are already short power in many areas and if the grid fails we will see a collapse like we did in 1993. A tree branch took out the grid that was already over loaded.

    Where are most of the electric cars targeted? Places already short on power.

    This talk of green energy has a long way to go before it can effetely and affordable replace coal. There are no wind mills and solar panels that can replace it no matter how much money you spend right now. It like the batteries for the Volt need more time and investment that is not wasted like so much already.

    Brittan now has some people trying to remove fossil fuel vehicles buy 2040. Nice idea but if there is no real replacement what are they going to do? If they make it so they can not bail they are screwed.

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    Hyperv6, You are right about the power grid issues. The best thing to do is to upgrade and replace the grid, much of which dates back 30 or more years. Down here in FL, a lot of our electricity is generated from natural gas rather than oil or coal. That has led to lower electricity bills all around from my utility. We do need more natural gas and more nuclear energy just to get ourselves off of coal-generated power because coal is the least efficient hydrocarbon we have for power gereation. Green energy is nice, but it is probably not good enough (or cheap enough) for baseline power without subsidies.

    As for the Volt, even their new prices are too damn high. Remember when the Prius first came out? It was actually affordable then, and it is largely under $30K now. If the Volt were priced to match the Prius or Leaf, sales would probably take off quickly.

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    CNG is being used to replace dirty coal as fast as possible. But even then we still need more power. Interesting is Washington State has huge wind farms and 25% of the time they are offline due to no room to store the power as we have an abundance of Hydro Power. We need storage farms that can hold the power generated by wind and solar and then transfer it to areas that need more power.

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    The key here is Coal is the cheapest and easiest fuel to find and use right not and the are cutting it off before we have a real alternative. CNG is cheap now but the price like oil can jump. The Oil line from Canada looks lost and that would be key to a steady cheap supply that will end up in China if we do not change the thinking. Not all of us are lucky to have damns for Hydro.

    Nukes are behind in building and many we have now are old and having issues to the point of many closures.

    Windmills just are not cutting it and solar is not cheap or practical in many places. Storage is not easy for the lack of better batteries.

    I am ok with green energy development but do not take the cheapest and most abundant energy away till you have a real replacement. The plants are not dirty anymore and we are no choking to death here. If you want to clean the air talk to China.

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