Recharged: What to Expect From Chevrolet’s Next Volt

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

2013 volt

Without beating too much around the bush, the Chevrolet (NYSE:GM) Volt was supposed to be doing better than it is. Given GM’s lack of a competitive hybrid range to compete with Ford’s Fusion and C-Max and Toyota’s Prius family, GM’s ‘green’ aspirations were pinned to the little plug-in hybrid that, although it boasts impressive technological advancements, hasn’t caught on quite like it needed to. Even price cuts (a $5,000 price reduction on the 2014 Volt last August) haven’t spurred the sales to where Chevy hoped they’d be.

Nonetheless, GM remains committed to the amicable little car, and it’s replacement — the next generation Volt — should be arriving in showrooms next year as a 2016 model year. However, not a whole lot is known about the new car, but fortunately Green Car Reports has been able to shed some light on the subject using published articles and “a host of private conversations with industry analysts, electric-car advocates, and — yes — a few General Motors employees,” John Voelcker wrote.

The new Volt will “almost certainly” be revealed at next year’s Detroit Auto Show in January. It’s still unsure whether it will carry a 2015 or 2016 model year badge, but Voelcker says the money is on the latter, as it gives the Volt a five-year life span.

The biggest purpose of redesigning the Volt is to bring the costs of the car down. When it debuted, the Volt wore a price tag just shy of $40,000 — a price few were willing to pay for a compact car that, despite it’s electrification, still consumed gasoline. It’s now down to about $34,000 before tax incentives.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business