6:50 am July 28, 2010, by Henry Unger
Too rich for your blood? Or the right move at the right price?
GM is pricing its new electric car, the Chevy Volt, at $41,000. But wait a minute before you say, “No way.”
While the Volt costs $8,000 more than the base price of Nissan’s Leaf electric hatchback, GM is matching the $349-per-month lease deal that Nissan is offering on its car, Associated Press is reporting.
And Nissan countered by matching the Volt’s eight-year, 100,000-mile battery warranty, AP writes.
What’s more, you don’t pay for gas. General Motors said it would cost about $1.50 worth of electricity to fully recharge the Volt each night, AP reports.
For those who buy the Leaf or Volt, the two cars also are eligible for a federal tax credit that will cut their prices by $7,500. The Volt’s price would fall to $33,500, while the Leaf’s would drop to $25,280, AP reports. Some states, including Georgia, offer additional tax breaks that will lower the price further.
Interested? Still too expensive? Good way to go for the environment and to reduce our oil dependency? What do you think?
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