GM Prices Volt At $41K

General Motors has announced that its electric car, the Volt, will be priced at $41,000. Compared to Nissan’s Leaf, that’s considerably more.

Of course, you can point to big price differences in gasoline-powered cars as well. There are other factors that drive pricing in the auto industry. And economically, new technologies are often higher than existing technologies. When VCRs first hit the market, they were expensive. When DVDs hit the market, they were expensive. Cell phones, laptops, PDAs – all were expensive initially.

Typically, when the market begins to expand and more people start buying the new technology, that’s when the price comes down. So I’d expect to see the GM Volt lower to the average automobile price after a few thousand cars are sold.

The first market for the Volt will be California. After that, GM plans to roll out the new EV in New York, Connecticut, New Jersey, Michigan, Texas and Washington D.C.

About the Author

AC Jones
Auto Enthusiast and Contributor. Big fan of muscle cars and classics. I get excited by high performance automobiles and powerful engines. Also enjoy helping people with dealers. If I can be of assistance in any way do not hesitate to contact me.