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Chevy slices $5,000 from Volt MSRP

by Drew Johnson

The Chevrolet Volt is now a little more attainable.

Following the latest trend in the electric vehicle segment, General Motors has announced a dramatically lower price for the 2014 version of its plug-in Chevrolet .

For the 2014 model year the Volt will list from $34,995 (including an $810 destination fee), representing a hefty $5,000 discount over the outgoing model. The Volt is also eligible for up to $7,500 in federal government credits, dropping the price of entry to $27,495.

"The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership,” said Don Johnson, U.S. vice president, Chevrolet sales and service. "The 2014 Volt will offer the same impressive list of features, but for $5,000 less.”

The only changes planned for the 2014 Volt are the addition of two new exterior colors - Ashen Gray Metallic and Brownstowne Metallic - and a leather wrapped steering wheel.

Chevy's decision to price-cut the Volt follows similar moves from Nissan and Ford. Nissan trimmed $6,400 from the MSRP of its all-electric Leaf earlier this year, and Ford followed suit with a of its plug-in Focus Electric.

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