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GM clarifies Volt's "low 30s" price is only possible after tax credit

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Filed under: Hybrid, Sedan, Chevrolet, GM, Earnings/Financials, Electric

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2011 Chevrolet Volt - Click above for high-res image gallery

$40,000. That's the potential price we've heard for the first-gen Chevrolet Volt for ages, and it's the number we get again, now that the recent "low 30s" price rumor has been put to rest. Again.

General Motors spokesman Dave Darovitz confirmed to Green Car Reports that GM CEO Ed Whitacre's recent statement that the Volt would be priced "in the low 30s" and be profitable was misleading/inaccurate. The reality is that the car will cost around $40,000, and a possible $7,500 tax credit from the federal government would move the price into the low 30s. Specifically, Darovitz confirmed to GCR that, GM "has not officially announced final Volt pricing, a price in the low 30's after a $7,500 tax credit is in the range of possibilities." We knew that. Why would we think it was anything else?


Gallery: 2011 Chevy Volt

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[source: Green Car Reports]

GM clarifies Volt's "low 30s" price is only possible after tax credit originally appeared on Autoblog on Tue, 19 Jan 2010 10:58:00 EST. Please see our terms for use of feeds.

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a price in the low 30's after a $7,500 tax credit is in the range of possibilities.

Pretty much what we've all been assuming. Still nothing official yet.

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Pretty much what we've all been assuming. Still nothing official yet.

Hopefully both Lyle Denis and Ed Whitacre learnt an important lesson. At least with Lutz you get nice looking cars in exchange for the off-the-cuff-inaccuracies.

Here is the original article which caused the commotion on GM-Volt.com.

Title: "Exclusive: GM CEO Says Chevy Volt Will Sell in Low 30’s and For a Profit"

Key part of the article:

"He was asked whether it was true that GM will lose money on every Volt they sell.

“We’re not in business to lose money,” he said. “We did enough of that already.”

The Volt “is going to sell in the low 30s,” said Whitacre. “We’ll get a margin on that.”

Source:

http://gm-volt.com/2010/01/18/exclusive-gm-ceo-says-chevy-volt-will-sell-in-low-30s-and-for-a-profit/

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