Jul 28th, 2010 by Dean Hightower
Chevrolet has announced that the 2011 Volt will cost $33,500 after a $7,500 federal tax credit. That puts it well above the Nissan Leaf, the only other mass-produced electric car that will be available next year. The Leaf will cost $25,280 after the tax credit, but does not include a gasoline engine for long trips like the Volt does.
Chevy is offering the 2011 Volt for just $350 a month for a 36-month lease, which is a great deal and matches the Leaf’s lowest lease offer. Buying a Chevy Volt, even with 0% financing for 72 months, which is the best deal you could possibly hope for on a new car and isn’t currently being offered on the Volt, would cost you $465.28 a month. A more realistic 60-month loan with a 5% interest rate would put your payments at $632.19 a month.
The 2011 Chevy Volt is priced in the same segment as the Lexus HS250h and the Lincoln MKZ Hybrid, so buyers looking for luxury more than frugality will have a tough choice. The Volt’s ability to travel using just its electrical charge for up to 40 miles should appeal to just about everyone though. If GM sees a ton of buyers passing on the Volt in favor of the more luxurious hybrids in its price range, we may just see a resurrection of the Cadillac Converj concept, which was based on the Volt.
Image via Chevrolet.
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