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General Motors (GM) plans to cut the price of its electric Chevy Volt by $4K in order to boost...

General Motors (GM) plans to cut the price of its electric Chevy Volt by $4K in order to boost sales and match promotional activity from Nissan and Toyota. After factoring in tax incentives, a 2013 Volt can be snapped up for as low as $28,500 or leased for three years at $269 per month with a $2,399 down payment. What to watch: GM is sitting on plenty of Volt inventory it needs to clear to make way for new EV models. Will pricing hit a break point to spur sales?
Comments (3)
  • Awesome! Now that's a price point that works!
    11 Jun 2013, 09:21 AM Reply Like
  • Did they have that much margin in the product, or is it now a "loss leader"?
    11 Jun 2013, 02:08 PM Reply Like
  • according to Bob Lutz the production cost of the original volt is in the high 20's, not including R&D.... However a lot has changed, With the volt battery now being made locally, and production occurring in volume, cost have decreased.
    12 Jun 2013, 09:30 AM Reply Like
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