The 2016 Chevrolet Volt requires $26,495 of your monies, after the $7,500 tax credit

If you already forgot, America’s Golden Bow-Tie revealed its all-new, next-generation 2016 Chevrolet Volt at the 2015 Detroit Auto Show earlier this year.

And now, Chevrolet just announced that prospective buyers will need to save up $26,495 for the price of entry into the second-generation Volt world. That is, after the $7,500 federal tax credit. That means the Volt actually costs $33,995 at MSRP. That’s almost $1,200 cheaper than the outgoing model, which addresses some concerns with how much the first-gen Volt cost.

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Click here for our original post on the 2016 Chevrolet Volt from the 2015 Detroit Auto Show.

Weighing about 100lbs lighter as well, the Volt comes with a range-extending 1.5L four-banger with 101hp in tandem with a 149hp electric motor and a 18.4 kWh lithium-ion battery pack.

That allows it to travel up to 50 miles on a full charge while overall range is pegged at 420 miles.

Check out the press release after the jump for full info.

Chevrolet Announces 2016 Volt Pricing

Next Gen delivers more technology at new price as low as $26,495

DETROIT – The Chevrolet Volt is poised to continue to bring new owners to the electric plug-in family. Pricing will be as low as $26,495 after the full federal tax credit of $7,500. (Federal tax credit can range from $0 up to $7,500.) In California, the vehicle’s largest market, residents of the state will be able to purchase the all-new Volt for as low as $24,995 after state and federal incentives.  

The 2016 model will start at $33,995 MSRP, including an $825 destination fee (excluding tax, title, license and dealer fees). This is almost $1,200 less than the current-generation Volt.

“The next-generation Chevrolet Volt delivers more technology, the ability to drive further between gas fill-ups and now with even more value to our customers. It’s what our loyal Volt owners told us they wanted,” said Steve Majoros, director, Chevrolet Marketing. “We are confident we will continue to attract new customers to Volt with the vehicle’s product improvements and attractive price.”

The Volt continues to be a success with the brand, with nearly 70 percent of Volt owners trading in a non-GM product or adding to their household fleet in 2014, the highest of any Chevy nameplate. The number one trade-in for the Volt is the Toyota Prius. To date, more than 75,000 first-generation Volt owners have driven hundreds of millions of EV miles.

Volt owners who charge regularly can expect to drive an estimated 1,000 miles or more between fill-ups, based on GM testing. The 2016 Volt will provide owners with impressive fuel economy of a GM-estimated 102 MPGe (electric) and 41 combined mpg on gasoline power.

The new Volt will offer a GM-estimated 50 miles of all-electric driving range on a single charge, a 31-percent improvement over the first-generation Volt. This means new Volt owners should anticipate that approximately 90 percent of trips in a new Volt will be driven all-electrically.   

Founded in 1911 in Detroit, Chevrolet is now one of the world’s largest car brands, doing business in more than 115 countries and selling around 4.8 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature engaging performance, design that makes the heart beat, passive and active safety features and easy-to-use technology, all at a value. More information on Chevrolet models can be found at www.chevrolet.com.

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Chris Chin

Chris Chin is the Editor-In-Chief of egmCarTech and is a regular contributor to Automobile Magazine.

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