According to a recent report, Chevrolet is developing an entry-level Volt which could cost about $30,000.

General Motors recently announced plans to invest $449 (€325.5) million into the Detroit-Hamtramck and Brownstown plants to support production of the next-generation Chevrolet Volt and two other "future products." Now, new details are starting to emerge about the mysterious vehicles.

According to Automotive News, Chevrolet is actually developing two different versions of the Volt. Details are limited but one of the versions is rumored to be an entry-level model that has a smaller battery pack and a reduced electric-only range. This could enable the company to sell the entry-level Volt for about $30,000 which is roughly $5,000 cheaper than the current model.

Besides the Volt, the two "future products" are reportedly the next-generation Buick LaCrosse and the Cadillac flagship sedan. Nothing is official but the Cadillac flagship could go into production in 2015, while the LaCrosse could follow in the spring of 2016.


Gallery: Chevrolet developing an entry-level Volt with a smaller battery - report