Chevrolet has axed 5,000 USD from Volt's price tag for 2014 model year so it's now available from 34,995 USD, including an 810 USD destination fee.

Chevrolet has axed 5,000 USD from Volt's price tag for 2014 model year so it's now available from 34,995 USD, including an 810 USD destination fee.

Even better, the 2014 Volt is eligible for federal tax credits of up to 7,500 USD (depending on individual tax liability) which means its base price could drop to as low as 27,495 USD. For this money you will be getting a plug-in hybrid car that does 98 MPGe and 35 mpg city / 40 mpg highway when running on gasoline.

According to EPA, the Volt can run on electric power for 38 miles (61 km) and once the range-extending engine is activated the range increases to 380 miles (615 km).

Aside from the significant price cut, Chevrolet is offering the 2014 Volt with a leather-covered steering wheel and two new paint schemes: Brownstowne Metallic and Ashen Gray Metallic.

It will reach Chevy dealerships late this summer.

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Chevrolet cuts 2014 Volt price by 5,000 USD to 34,995 USD