Reuters: GM to launch cheaper 2016 Volt

Citing auto supplier sources, Reuters reports GM will offer two 2016 Chevy Volt models, with one of them being "a lower-priced model with a smaller battery pack and shorter driving range."

GM is said to be aiming for a price point "just over" $30K for the cheaper model, and expects a range of less than 300 miles. The regular model "won't deviate dramatically" from the current $35K version.

Also: The 2016 Volt will reportedly "share its underpinnings with the next-generation Chevrolet Cruze."

With GM having only sold 58.2K Volts in 39 months, the company is hungry for a sales fix. The WSJ reported yesterday the auto giant plans to invest a fresh $450M in development and manufacturing for the Volt and its Cadillac ELR hybrids.

From other sites
Comments (16)
  • ultraz2
    , contributor
    Comments (1106) | Send Message
    Good A+ for effort , as I said before, the auto industry has to respond to Tesla or face extinction. Change is coming and unless gasoline engines can get 100 miles per gallon, in the next 15 years, 60 mpg fleet average in the next 7 years, they are going to vanish.
    8 Apr 2014, 05:26 PM Reply Like
  • Ted Bear
    , contributor
    Comments (712) | Send Message
    Doesn't the current VOLT run like 40 miles or so on a charge? How much 'shorter' can you make it?
    8 Apr 2014, 05:31 PM Reply Like
  • omarbradley
    , contributor
    Comments (966) | Send Message
    pathetic. "one for pride" maybe?


    there was a time when these companies were going to change the world. now they've ruined it.


    "Elon Musk has a Space Program." What the heck, GM. Even the military has passed you by. I'll wait for an SUV from OSK.
    8 Apr 2014, 08:31 PM Reply Like
  • omnimoeish
    , contributor
    Comments (492) | Send Message
    The current Volt is already based on the Chevy Cruze, but I'm hoping the next one will be more Cruze like. I think GM is making a mistake making the Volt any smaller. I think a midsize with 5 seats and crossover would be better options.


    From article:
    "GM is said to be aiming for a price point "just over" $30K for the cheaper model, and expects a range of less than 300 miles. The regular model "won't deviate dramatically" from the current $35K version."


    The range of 300 mile is pretty much irrelevant since that's the gas powered range and there's gas stations everywhere. What will matter is the electric since likely 90-99% of driving in these Extended Range EVs is on electric anyway assuming you don't forget to plug it in. If they can make a Volt that seats 5 with decent styling, 40 miles of electric range for around $30k, the federal +/- state subsidies and carpool lane privileges would make this a better seller than the current Volt I think and possibly change the game.


    The average new car costs north of $30k anyway. That would basically mean you get a very smooth and refined driving experience, with very long lasting parts (electric motors can run a million miles easy and these don't put a lot of wear and tear on the engine) and a lot less in fuel expenses for the price of an average car.


    The cost of automotive batteries has fallen since Gen 1 Volt started production and that cost should fall farther and I would imagine the second Gen Volt will be quite a bit more refined and advanced.


    Unfortunately we've still got a long way to go before we are going to reduce our dependency on oil. I'm guessing it won't happen in my lifetime. Hopefully cheap oil lasts another 50 years or so because that's how long I think it will take to kick our oil addiction given global demographic trends.
    8 Apr 2014, 05:36 PM Reply Like
  • funfundvierzig
    , contributor
    Comments (5039) | Send Message
    $30,000.00 for a golf cart?


    8 Apr 2014, 05:58 PM Reply Like
  • James Bjorkman
    , contributor
    Comments (2778) | Send Message
    Yes, that's the ticket, give a car whose sole reason for being is its battery range ... a smaller battery.


    You want this to "succeed." Make it so you don't have to plug it in.


    There, solved that.
    8 Apr 2014, 07:25 PM Reply Like
  • kevinconway
    , contributor
    Comments (2755) | Send Message
    These people have their heads you know where. A few years ago I spent a couple of hours with in engineer in Oshawa Ontario talking about the VOLT...had the car right there.


    I asked him how much he thought it costs to have a dedicated 220V in a garage of a house...thought it was maybe $ do this in my home would have cost over $2000 with holes in walls, running wires, repainting, etc. and the price of the car was insane.


    They have got to be losing a small fortune on this.


    Electric will be a big deal, but leading with the VOLT was just to get production costs down and volumes up. And work with government to have subsidies for people who have the electrical work done for their homes...perhaps tie this to solar? When consumers have too many decisions to make they shut down. Keep it simple. GM has not.
    8 Apr 2014, 09:11 PM Reply Like
  • capitolp
    , contributor
    Comments (716) | Send Message
    "They have got to be losing a small fortune on this", Don't you mean the American Taxpayer forced support of a company, the electric car, and soon the city of Detroit itself, Feel good, political correct, don't call him fat, give everyone a trophy, drink only Starbucks, don't worry about paying for it now B.S. that they keep shoving down our throat to buy votes with the flavor of the month good cause for mankind.
    8 Apr 2014, 11:55 PM Reply Like
  • Heinz Doofenshmirtz
    , contributor
    Comments (307) | Send Message


    Just run a line out to your neighbor's garage and charge it in the night.
    9 Apr 2014, 12:40 AM Reply Like
  • markwbrooks
    , contributor
    Comments (144) | Send Message
    The vast majority of Volt owners use only a normal 120Volt plug in, as I do with my Toronto based Volt. Not special wiring required. And just for your info, the Oshawa plant lost big time when the GM moved their jobs to Hamtramck. Big bun fight with the Canadian Auto workers ( as usual ) getting the short end of the stick.


    So just a small conflict of interest with your "source".
    9 Apr 2014, 01:05 AM Reply Like
  • Ignition
    , contributor
    Comments (31) | Send Message
    Maybe the smaller battery could charge sufficiently from a 120V/15A receptacle? Maybe they're on to something...
    9 Apr 2014, 10:29 AM Reply Like
  • Quinn999
    , contributor
    Comments (42) | Send Message
    Sigh. The Volt doesn't need a big battery, because it's aiming to cut your gasoline use by only 80%-90%. Which it can do with a tiny fraction of the battery of the Tesla or Leaf. i.e. 16 kwh (or less in the new model, it seems.) At $300-$500 a kwh for battery, I have no idea why people babble on about their need to have 100% electric miles.


    Look. The Volt will get you 100 mpg. And will do so at $30-$35k. It'll actually save you cash, in pocket. As will other plug-ins like the Toyota Plug-In Prius.


    Oh yeah. And you don't, at all, need 220V to recharge it. Its max recharge will be under 16 kwh, and often less, which is easily done from a regular outlet.
    8 Apr 2014, 10:03 PM Reply Like
  • kcr357
    , contributor
    Comments (616) | Send Message
    Save money over what, a Hummer? An extra 10k for a 30k 4 dr elec. sedan(Which will still use gas) will buy a hell of a lot of gas for a new 20k gas only sedan. At the end of the day, paying 50% more for a volt still won't save money over something like a sonata driving 12k miles a year and getting a new lease every 4 years.
    8 Apr 2014, 11:18 PM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (713) | Send Message
    I think they have promise. But if they just built a commuter car without all the bells and whistles for around $15K that would be a big seller. Lots of people need basic transportation to and from work. I'd probably buy one.
    8 Apr 2014, 10:39 PM Reply Like
  • Budavar
    , contributor
    Comments (1418) | Send Message
    The balloon in "Around the Word in 80 days" was fueled by gas hot =
    GM in the 80 days around the recalls is fueled by PR gas hot =


    Thus GM stock will continue to levitate, defying a while the laws of gravity
    Amid millions of death-traps continue to be driven (pssst!) amid gravity


    Of a very different kind:
    Amid GM's silent 'never mind'?
    8 Apr 2014, 10:57 PM Reply Like
  • markwbrooks
    , contributor
    Comments (144) | Send Message
    Come on, at least get your numbers right. Total volt sales to date is north of 70,000 world wide. The 58K number is US only from December 2013. If you don't want to bother looking at the GM press release them just use the nice totals from WIKI.
    If you would like some pictures of the new model on the road, plus some real discussion of how GM is struggling to incent its dealer network to sell EVs ( the dealers make money from service not sales, so they really don't like solid state cars like the Volt that only need service every two years) go have a look at GM-Volt dot com.
    9 Apr 2014, 12:58 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs