GM reportedly working on low-cost Chevy Volt

The popularity of electric vehicles has risen over the past few years, and Chevrolet Volt was one of the first electric vehicles out and has become a favorite among EV buyers. General Motors began productions of the Volt back in 2010, but demand for the vehicles hasn’t gotten to where the company expected.

affordable voltWell the company is hoping to turn this around, General Motors is planning on releasing a more affordable model of the Chevrolet Volt. According to a report by Reuters, GM has only sold 58,158 Volts since 2010 which is consider really when compared to other vehicles in its class such as the Nissan Leaf which has sold more than 80,000 total sales and counting.

GM has plans to start offering a more affordable 2016 Chevy Volt, one being an entry-level model which starts for just over $30,000, compared to the current model which starts at $35,000. Reuters states the lower-priced Volt would have a range of under 300 miles and offer “less equipment,” so some sacrifices would be necessary.

[Source: Engadget]

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