$30k not likely for Chevy Volt with out tax credits

This Volt pricing topic is getting a bit annoying now. Just last week Forbes reported that GM CEO Rick Wagoner said that the Volt could cost less than $30,000 when it hits the market in 2010. Sources are now saying that they still expect pricing to be around $40,000 unless Congress helps out with tax credits.

GM is current lobbying Congress to create tax credits that benefit ‘extended-range electric vehicles.

“We need to make sure the legislative language does include extended-range electric vehicles,” said GM spokesman Greg Martin.

According to a source familiar with the program, some proposals for tax credits could knock off at least $7,000 off the Volt’s MSRP.

GM is planning to sell  10,000 to 30,000 Volt sales in the first year. The Volt should arrive on the market by November 2010.


Source: Automotive News (Subscription Required)

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