General Motors announced that it is cutting the price of the Chevrolet Volt by $5,000, reports Detroit Free Press.
The 2014 Volt will start at $34,995, including a $810 destination fee. The 2013 model will continue to be priced at $39,995 with $5,000 cash back.
“There is still a $7,500 federal tax credit for buyers and additional tax incentives in certain states and localities, especially in California,” according to the news report.
The Volt’s sales have stalled in 2013, rising a meager 0.1% to 11,643 vehicles through July.
The Volt was the best-selling plug-in vehicle in the U.S. in 2012, but Nissan’s pure-electric Leaf and Tesla’s luxury electric Model S could surpass it this year, the newspaper reported.
Source: Detroit Free Press
