GM CEO States that Chevy Volt Will Start in low $30K Range and be Profitable

There has been so much hype for years now about GM’s upcoming Chevy Volt and it’s surprising that the plug-in hybrid is finally going to be on sale by the end of the year. The big question now remains, how much will it cost? Well GM’s CEO, Ed Whitacre recently spoke to Lyle Dennis at, in which he stated that the Volt will be in the low $30s and be profitable.

When asked about the Volt’s pricing, Whitacre simply stated,”We’re not in business to lose money,” he said. “We did enough of that already.”

The Volt “is going to sell in the low 30s,” said Whitacre. “We’ll get a margin on that.”

Well that announcement still doesn’t completely answer the question, since it’s not known if that is before or after the $7,500 federal tax credit. Early on during the Volt’s development, GM’s Bob Lutz set a goal of the Volt starting under $30,000, but eventually that target price moved higher. Recent media speculation priced the car as high as $40,000. We’ll have to wait for the official word from GM.

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