The long-anticipated Chevrolet Volt, General Motors’ electric car, will cost $41,000, the company announced Tuesday, leaving consumers to decide whether its environmental appeal is worth a price far above that of similarly sized conventional autos.
Nissan, the only other major manufacturer expected to bring such a vehicle to market this year, said the Leaf will cost $32,780.
GM and Nissan are relying on a $7,500 federal tax credit for buyers of electric vehicles to offset some of the added cost, and they’re hoping that the allure of their novel power source will make up the rest.
Although the prices are high, enthusiasts say that electric cars can reach a large, untapped market for vehicles with little or no tailpipe emissions.
The Volt can travel 40 miles on its battery charge and an additional 340 miles on a gasoline-powered generator. The all-electric Leaf has a range of 100 miles.
During the 2008 presidential campaign, then-Sen. Barack Obama pledged to put 1 million plug-in vehicles on the road by 2015.
“I’m not sure the Volt is going to be a volume vehicle,” said George Magliano, director of automotive industry forecasting for North America at IHS Global Insight. “The technology still isn’t there to make them cheap.
At the end of the day, the consumer pays a hefty premium to make a statement.” Another pledge that is all show, with no coal, and no go…. Shocking