Chevrolet Cuts Volt’s Price in Europe image

Chevrolet said it has reduced the price for the Volt, beginning with the new model year.

The price for the new Volt will start at 38,000 euro in Germany. Last month Chevrolet reduced the price for the model by $5,000 in the US, a clear sign that the automaker has managed to gain experience with EVs and their components.

“The lower price and cost savings from driving on electricity provide Volt owners a unique balance of technology, capability and cost of ownership,” said Thomas Sedran, President and Managing Director, Chevrolet Europe. “The latest Volt model will offer the same impressive list of features as before, plus Chevrolet’s new MyLink connected radio.”

Chevrolet Volt is considered one of the first EV in the world which features extended range capability. The model is fitted with a 16-kWh lithium battery, which is capable of a 80-kilometer range on a single charge. Once the battery power has ended, an on-board generator kicks in extending the vehicle’s total range beyond 500 kilometers.

In the mean time, the 2013 Volt has been crowned as the most fuel-efficient car with a gasoline engine sold in the US, as rated by the United States Environmental Protection Agency, with a combined electric mode/gasoline-only rating of 62 mpg (3.8 l/100 km).