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2011 Chevrolet Volt May Still Cost $40k, Despite Whitacre's Gab

January 19, 2010

There's been endless rumor and speculation about the upcoming Chevy Volt -- particularly with regard to its sticker price. For some time we've heard consistent talk of the potentially game-changing hybrid electric vehicle ringing in around $40,000, which, with a federal EV tax credit of $7,500, essentially brings the price to $32,500 (though it should be pointed out that tax credits are not the same as discounts or rebates). However, the friendly folks at recently spoke one-on-one with General Motors' chairman Ed Whitacre, who said point-blank that the Volt "is going to sell in the low 30s," adding, "We’ll get a margin on that." That's big news.

Or rather, it could've been big news, but now we're not so sure. Upon reading Whitacre's statement, GreenCarReports' John Voelcker called GM spokesman Dave Darovitz for clarification, and Darovitz said that "a price in the low 30's after a $7,500 tax credit is in the range of possibilities [for the Volt]." In other words, Whitacre may have been -- and in fact, probably was -- reciting the same talking points as Lutz and the rest of the GM gang, who've almost always deferred to some variation on the slightly misleading "$32,500 with tax credit" line. On the other hand, maybe Whitacre knows something that Darovitz doesn't. We'll hold out hope for the latter, but we won't hold our breath.

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