Including the U.S. tax credit given to consumers who buy electric cars and including the lower cost of ownership, GM’s Volt will come in a price of less than $30,000, a GM executive recently predicted.
Tony Posawitz of GM told the Toronto Globe And Mail and the website GM-Volt.com that although the figure isn’t set in stone yet, the automaker’s expectations are for it to be “easily less than $30,000” when the $7,500 tax credit kicks in.
“The reference was accounting for the U.S. tax credits and effective savings in electricity and other benefits,” Posawitz told GM-Volt.com. “It was a comprehensive statistic, not an exact number, to position the Volt as a bit more expensive than an equivalent compact car.”
The figure leaves some room for interpretation, especially with regard to “the low cost of ownership,” but it does raise questions about the $40,000 figure that has often been repeated in news stories about the Volt.