Breaking: 2011 Chevrolet Volt priced from $41,000

Article by Christian Andrei, on July 27, 2010

As expected, due to the yesterday announcement, GM revealed today that the pricing for its 2011 Chevrolet Volt will start from $41,000 ($33,500 net of the full federal tax credit, which ranges from $0-$7,500) including a destination freight charge of $720. Also, GM will offer a lease program on the Volt for a monthly payment as low as $350 for 36 months at Manufacturer's Suggested Retail Price with $2,500 due at lease signing.

The new Chevy Volt will be initially available to customers in California, New York, Michigan, Connecticut, Texas, New Jersey and the Washington D.C. area. The 2011 Volt will have a total driving range of about 340 miles and is powered by electricity at all times.

For up to 40 miles, the Volt drives gas- and tailpipe-emissions-free using electricity stored in its 16-kWh lithium-ion battery, but when the battery runs low, a gas-powered engine will operate and extend the car's range with another 300 miles on a full tank.

GM says that the new car will come standard with a 120-volt charge cord that will allow owners to charge their Volt directly from a standard home electrical outlet.

A total of lucky 4,400 Volt buyers will receive a free 240-volt charging station, including home installation. The 2011 Volt will come as standard with air bags -- dual-stage frontal, side-impact, knee, and roof-rail side-impact - and StabiliTrak electronic stability control with Traction Control.

Also, the customers will receive a seven-inch touch screen navigation as well as an energy-efficient Bose premium audio system.

During the Plug-In 2010 conference, Joel Ewanick, vice president of US marketing for General Motors, declared that the Chevrolet Volt will be the top vehicle in its class because the EV is in a “class by itself.” He remarked that only GM could offer an EV that could be used for daily transportation.

Ewanick added that the Chevy Volt will be blessed with premium content and innovative features – all standard.

On the other hand, Tony DiSalle, director of Chevrolet Volt product marketing, remarked that the brand is aiming to take the Volt ownership experience to a level they never achieved before, primarily because the EV is a vehicle they never had before. Part of this enjoyable ownership experience is the provision of unmatched vehicle connectivity using the Volt mobile app.

Press Release

Chevrolet Begins Taking Volt Orders; Pricing Announced

Starting today, participating Chevrolet dealers in launch markets will begin taking customer orders for the 2011 Chevrolet Volt, the industry’s first electric vehicle with extended-range capability.

Chevrolet is so confident in the overall value of the Volt that the brand will offer a lease program on the Volt with a monthly payment as low as $350 for 36 months at Manufacturer’s Suggested Retail Price with $2,500 due at lease signing, including security deposit based on current conditions, which could vary at time of delivery. The benefit of the $7,500 tax credit is included in the reduced lease payment, with the tax credit going to the lessor. The Volt’s MSRP will start at $41,000 ($33,500 net of the full federal tax credit, which ranges from $0-$7,500) including a destination freight charge of $720. Customer deliveries of the Chevrolet Volt are scheduled to begin in launch markets late this year with initial production limited.

“The Chevrolet Volt will be the best vehicle in its class…because it’s in a class by itself,” said Joel Ewanick, vice president of U.S. marketing for General Motors, who made the announcement at the Plug-In 2010 conference. “No other automaker offers an electrically driven vehicle that can be your everyday driver, to take you wherever, whenever. The Volt will be packed with premium content and innovation, standard.”

The Volt will be initially available to Chevrolet customers in California, New York, Michigan, Connecticut, Texas, New Jersey and the Washington D.C. area. To be among the first to purchase a Volt, customers can visit their nearest participating Chevrolet Volt dealer. A Volt dealer locator will be available later today at http://www.getmyvolt.com. The dealer will begin the order process, which will be followed up by contact from a dedicated Volt advisor who will be available to answer any questions and keep the customer apprised of the progress of their order. For customers needing general Volt information, Chevrolet will have a team of Volt advisors available to answer questions starting today at 1-888-VOLT-4-YOU (1-888-865-8496).

The Chevrolet Volt is the only electric vehicle that can operate under a range of weather climates and driving conditions with little concern of being stranded by a depleted battery. Volt has a total driving range of about 340 miles and is powered by electricity at all times. For up to the first 40 miles, the Volt drives gas- and tailpipe-emissions-free using electricity stored in its 16-kWh lithium-ion battery. When the Volt’s battery runs low, a gas powered range-extending engine/generator seamlessly operates to extend the driving range another 300 miles on a full tank.

Depending on their tax situation, Volt owners can qualify for up to $7,500 in U.S. Federal income tax credit, as well as other potential state and local tax credits, depending on location. Owners in certain states may qualify for the added convenience of High-Occupancy Vehicle (HOV) lane access.

While the Chevrolet Volt will come standard with a 120-volt charge cord that will provide owners with the ability to charge their Volt directly from a standard home electrical outlet, a total of 4,400 Volt buyers in launch markets could be eligible for a free 240-volt charging station, including home installation. The installations are part of a program developed by the U.S. Department of Energy (DOE) to install approximately 15,000 240-volt home charging stations across the U.S.

Technologies Keep Volt Customers Connected

When it comes to advanced technology, Volt customers are on the leading edge. The 2011 Chevrolet Volt has standard technology features that link and entertain in innovative ways, starting with standard seven-inch touch screen navigation and an energy-efficient Bose premium audio system.

The Volt is the first GM vehicle to offer five years of OnStar Directions and Connections service, which includes Automatic Crash Response, stolen vehicle assistance and connected navigation, all standard. Volt will expand on OnStar’s foundation of leading-edge safety and security technology through the introduction of an OnStar-enabled mobile app that connects the vehicle to the owner’s smartphone.

“We wanted to make the Volt ownership experience unlike anything we’ve done at Chevrolet, because the Volt is unlike any vehicle we’ve offered,” said Tony DiSalle, director of Chevrolet Volt product marketing. “We want customers to fully enjoy the Volt lifestyle by providing unprecedented connectivity to their vehicle through the Volt mobile app.”

Unprecedented Warranties Bring Value and Peace of Mind

Volt owners will be provided outstanding battery and vehicle limited warranties. The Volt’s 16-kWh lithium-ion battery is covered by an industry-leading transferable warranty of eight years or 100,000 miles. In addition, Chevrolet will provide:

3-year / 36,000-mile bumper-to-bumper coverage
5-year / 100,000-mile roadside assistance and courtesy transportation
5-year/100,000-mile limited gas engine coverage
6-year/100,000-mile corrosion protection coverage
The Volt also has an array of standard safety features, including eight air bags -- dual-stage frontal, side-impact, knee, and roof-rail side-impact—and StabiliTrak electronic stability control with Traction Control. The Volt is constructed of 80 percent high-strength steel for additional safety and protection.

Chevrolet will also provide customer assistance via a Volt advisor available 24/7 by phone or Internet. Dealers will also provide on-site dedicated Volt service and sales experts who will be able to address inquiries.

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