How Much Does a Chevy Volt Electric Car Cost in 2024

The 2024 Chevy Volt starts at $34,395, making it a competitively priced plug-in hybrid with up to 53 miles of electric range. Higher trims and optional features can push the cost to $40,000+, but federal and state incentives may significantly reduce the final price.

Key Takeaways

• 2024 Chevy Volt starts at $34,000: Base model pricing before incentives.
• Federal tax credit saves up to $7,500: Check eligibility for instant savings.
• Used models offer big savings: 2019-2023 Volts cost $15K-$25K.
• Charging costs under $1 per day: Save significantly vs. gas vehicles.
• State rebates add extra discounts: Some regions offer $2,000+ off.
• Lease options start at $299/month: Low upfront cost alternative.

Understanding the Chevy Volt: A Hybrid Pioneer

The Chevrolet Volt, introduced in 2011, was a groundbreaking vehicle in the world of electrified transportation. As one of the first mass-market plug-in hybrid electric vehicles (PHEVs), it offered drivers the best of both worlds: the efficiency of an electric car and the extended range of a gasoline engine. For over a decade, the Chevy Volt has been a favorite among eco-conscious drivers, tech enthusiasts, and those seeking to reduce their carbon footprint without sacrificing practicality. With its unique dual-powertrain system, the Volt has proven itself as a reliable and innovative choice in a rapidly evolving automotive landscape.

As we enter 2024, the Chevy Volt remains a compelling option—especially for those who aren’t ready to go fully electric but want to experience the benefits of electrification. While production of the Volt officially ended in 2019, its legacy lives on in the used market and through the lessons it taught General Motors about battery technology, consumer preferences, and hybrid engineering. Whether you’re considering a used model or exploring the Volt as a gateway to electric driving, understanding the cost of a Chevy Volt electric car in 2024 is essential. This guide will walk you through pricing, ownership costs, incentives, and real-world value to help you make an informed decision.

Current Market Prices for the Chevy Volt in 2024

Since the Chevy Volt is no longer in production, the 2024 market consists entirely of used and certified pre-owned (CPO) models. However, this doesn’t diminish its value—in fact, the discontinuation has created a stable, competitive market for buyers seeking a proven hybrid with modern features. Prices vary significantly based on model year, trim level, mileage, condition, and geographic location.

Used Chevy Volt Pricing by Model Year

The Chevy Volt was produced in two generations: the first generation (2011–2015) and the second generation (2016–2019), with the latter being far more advanced and desirable. Here’s a breakdown of average 2024 prices based on Kelley Blue Book (KBB), Edmunds, and recent private listings:

• 2011–2013 models: $6,000–$9,500 (lower-end due to older battery tech and limited range)
• 2014–2015 models: $8,500–$12,000 (improved battery and features, but still first-gen)
• 2016–2017 models: $12,500–$16,000 (second-gen launch with 53-mile electric range, better infotainment)
• 2018–2019 models: $15,000–$19,000 (peak performance, enhanced safety, and updated styling)

For example, a 2018 Chevy Volt LT with 40,000 miles and no accidents might list for $17,500 on CarGurus, while a 2019 Premier model with 25,000 miles and a clean title could reach $19,000. Always check the vehicle history report using services like Carfax or AutoCheck to avoid hidden issues.

Certified Pre-Owned (CPO) vs. Private Sales

Buying a CPO Chevy Volt from a Chevrolet dealership typically costs $1,500–$3,000 more than a private sale but comes with significant advantages:

• 12-month/12,000-mile bumper-to-bumper warranty
• 172-point inspection
• Roadside assistance
• Extended powertrain warranty (up to 6 years/100,000 miles)
• Free maintenance for a limited time

For instance, a CPO 2017 Volt LT might be priced at $16,995, while a similar private listing could be $14,500. The extra cost may be worth it for peace of mind, especially since the Volt’s battery and hybrid system are complex and expensive to repair.

Regional Price Variations

Prices can differ based on region. In states like California, Oregon, and Washington—where EV adoption is high—demand for used PHEVs like the Volt is stronger, often pushing prices 10–15% higher than the national average. Conversely, in areas with lower EV incentives or colder climates, prices may be lower. Always compare local listings and consider traveling a few hundred miles to save money, especially if a CPO vehicle is available.

Cost of Ownership: Beyond the Purchase Price

While the purchase price of a Chevy Volt in 2024 is important, the true cost of ownership includes fuel, maintenance, insurance, depreciation, and electricity. The Volt’s hybrid nature makes it one of the most cost-effective vehicles to operate over time, especially for drivers with daily commutes under 50 miles.

Fuel and Electricity Expenses

The Chevy Volt’s second generation (2016–2019) offers an EPA-estimated 53 miles of all-electric range and a total range of 420 miles with the gasoline engine. This means many drivers can complete their daily commute on electricity alone, using the gas engine only for longer trips.

• Electricity cost: At the U.S. average of $0.14 per kWh, a full charge (18.4 kWh battery) costs about $2.58. For 1,000 miles of electric driving: ~$48.70
• Gasoline cost: When the battery is depleted, the Volt gets 42 MPG combined. At $3.50/gallon, 1,000 miles of gas driving: ~$83.30
• Combined (50/50): ~$66 per 1,000 miles—significantly less than a gas-only car averaging 25 MPG ($140 per 1,000 miles)

For a driver who commutes 40 miles daily (2,000 miles/month), they could spend as little as $97/month on energy (mostly electricity), compared to $280/month in a standard sedan.

Maintenance and Repairs

The Chevy Volt benefits from lower maintenance costs due to regenerative braking (reducing brake wear), fewer moving parts in the electric drivetrain, and reduced engine runtime. According to RepairPal, the average annual repair cost for a Volt is $550, compared to $652 for the average compact car.

• Common maintenance: Oil changes (only when the gas engine runs), tire rotations, cabin air filter, and 12V battery checks
• Infrequent repairs: Battery coolant replacement (every 150,000 miles), high-voltage battery inspection (recommended every 10 years)
• Warranty coverage: Original 8-year/100,000-mile battery warranty may still apply for 2016–2019 models, depending on purchase date

Tip: Use GM’s OnStar or a third-party OBD2 scanner to monitor battery health and system performance. Early detection of issues can prevent costly repairs.

Insurance and Depreciation

Insurance for a used Chevy Volt averages $1,400–$1,800 per year, depending on location, driving record, and coverage level. While slightly higher than a standard compact car, the Volt’s strong safety ratings (NHTSA 5-star overall) help offset premiums.

Depreciation is another factor. The Volt has depreciated significantly since new, but its value has stabilized in the used market. A 2019 model that originally sold for $33,500 may now be worth $17,000—a 50% depreciation over five years. However, this also means buyers today are getting a highly discounted vehicle with modern tech.

Federal, State, and Local Incentives for Used Electric Vehicles

One of the most surprising benefits of buying a used Chevy Volt in 2024 is eligibility for tax credits and rebates—even though the car is no longer new. Thanks to recent changes in U.S. federal and state EV incentive programs, used PHEVs like the Volt can qualify for substantial savings.

Federal Used Clean Vehicle Tax Credit (2023–2032)

Under the Inflation Reduction Act (IRA), used electric and plug-in hybrid vehicles purchased from a licensed dealer may qualify for a 30% tax credit up to $4,000. To be eligible, the vehicle must:

• Be at least two model years old (e.g., 2022 or earlier in 2024)
• Have a sale price of $25,000 or less
• Be purchased from a dealership (not private seller)
• Be the first transfer of the vehicle since the credit became available (Aug 2022)
• Have a battery capacity of at least 7 kWh (the Volt has 18.4 kWh)

For example, if you buy a 2019 Chevy Volt from a dealership for $18,000, you could claim a $4,000 tax credit, effectively reducing your net cost to $14,000. This credit is non-refundable but can be carried forward to future tax years.

State and Local Incentives

Many states and municipalities offer additional rebates for used EVs and PHEVs. Here are a few examples:

• California (Clean Vehicle Rebate Project – CVRP): Up to $1,000 for low-income buyers, $500 for others, for used PHEVs under $20,000
• New York (Drive Clean Rebate): $500 for used EVs and PHEVs
• Colorado (Charge Ahead Colorado): Up to $4,000 for income-qualified buyers
• Washington State: $750–$1,500 depending on income and vehicle type

Additionally, some utility companies offer rebates for home EV charger installation. For instance, Southern California Edison provides $500 toward Level 2 charger installation, which can save you $100–$200 on charging equipment.

HOV Lane Access and Other Perks

In states like California, Hawaii, and Utah, clean-air vehicles (including used PHEVs) may qualify for HOV lane access even with a single occupant. This can save hours in traffic during peak times. Some cities also offer free or discounted parking for EVs in public garages.

Comparing the Chevy Volt to Competitors and New EVs

To truly understand the value of a Chevy Volt in 2024, it’s important to compare it to both used PHEVs and new electric vehicles. While newer models offer longer range and faster charging, the Volt remains a smart choice for budget-conscious buyers.

Chevy Volt vs. Other Used PHEVs

Vehicle	Avg. 2024 Price	Electric Range	MPG (Gas Mode)	Key Advantages
Chevy Volt (2018)	$16,500	53 miles	42 MPG	Long electric range, proven reliability, strong resale
Toyota Prius Prime (2018)	$17,000	25 miles	54 MPG	Better gas efficiency, lower maintenance
Ford Fusion Energi (2018)	$14,000	26 miles	42 MPG	Lower price, comfortable ride
Honda Clarity Plug-in (2018)	$15,500	47 miles	44 MPG	Spacious interior, smooth ride

The Chevy Volt stands out with its 53-mile electric range, which is significantly higher than most competitors. This makes it ideal for drivers who want to maximize electric-only driving without frequent charging. However, the Prius Prime offers better fuel economy, while the Fusion Energi is cheaper but has a shorter electric range.

Chevy Volt vs. New Entry-Level EVs

New EVs like the 2024 Chevrolet Bolt EV (259-mile range, $26,500 after federal tax credit) or the Hyundai Kona Electric (258 miles, $33,000) offer more range and modern features. However, they come at a higher price and require a full commitment to electric driving.

• Advantages of the Volt: No range anxiety, lower upfront cost, no need for fast charging infrastructure
• Advantages of new EVs: Longer range, faster charging, updated tech (e.g., Apple CarPlay, over-the-air updates)

For a driver with a 30-mile daily commute and access to home charging, the Volt is a smarter, more affordable choice. But for those who frequently travel long distances or live in areas with limited charging, a new EV may be worth the investment.

Tips for Buying a Used Chevy Volt in 2024

Purchasing a used Chevy Volt can be a rewarding experience, but it requires careful evaluation to avoid potential pitfalls. Here are key tips to ensure you get the best value and reliability.

Inspect the High-Voltage Battery

The battery is the heart of the Volt. A degraded battery reduces electric range and increases gas usage. Ask the seller for:

• Battery health report (via OnStar or dealership scan)
• Number of charge cycles
• History of battery replacements or repairs

Tip: Test drive the car and monitor the “EV Range” display. If it shows significantly less than 53 miles (e.g., 35 miles), the battery may be degraded. A battery replacement can cost $5,000–$8,000.

Check for Software Updates and Recalls

GM has issued several software updates for the Volt over the years, including fixes for charging issues and battery management. Ensure the car has the latest software. Also, verify that any open recalls (e.g., battery coolant heater issues in 2011–2013 models) have been addressed. Use the NHTSA recall lookup tool with the VIN.

Evaluate Charging Equipment

Most used Volts come with a Level 1 (120V) charging cord, which takes 10–16 hours for a full charge. Consider upgrading to a Level 2 (240V) charger, which reduces charging time to 4–5 hours. Many sellers include a used Level 2 charger (worth $300–$600), so ask if it’s included.

Negotiate Based on Market Data

Use tools like KBB, Edmunds, and Autotrader to determine fair market value. If a 2017 Volt is listed at $17,000 but similar models are $15,500, use that data to negotiate. Also, consider timing: prices often drop at the end of the month or during holiday weekends when dealers want to clear inventory.

Conclusion: Is the Chevy Volt Worth It in 2024?

The Chevy Volt may no longer be in production, but it remains a highly valuable and cost-effective option in the 2024 used car market. With prices ranging from $6,000 for early models to $19,000 for late-model examples, there’s a Volt for nearly every budget. Its 53-mile electric range, 42 MPG hybrid efficiency, and eligibility for federal and state incentives make it one of the most economical vehicles to own and operate.

For drivers who want to reduce emissions, save on fuel, and avoid range anxiety, the Volt delivers a seamless blend of electric and gasoline power. While newer EVs offer more range and tech, the Volt’s proven reliability, strong resale value, and lower upfront cost make it a smart choice—especially for those transitioning from gas-powered cars.

By understanding the total cost of a Chevy Volt in 2024—including purchase price, incentives, fuel, maintenance, and insurance—you can make a confident, informed decision. Whether you’re buying CPO for peace of mind or a private sale for savings, the Chevy Volt continues to prove that innovation, efficiency, and affordability can coexist in the world of electric mobility. In a time of rising fuel prices and environmental awareness, the Volt isn’t just a car—it’s a smart investment in the future.

Frequently Asked Questions

How much does a Chevy Volt electric car cost in 2024?

The 2024 Chevy Volt starts at around $33,500 for the base model, though pricing may vary by trim and location. This price reflects its plug-in hybrid design, combining electric and gas-powered efficiency.

Are there any tax credits or incentives that lower the cost of a Chevy Volt?

Yes, depending on your state and federal regulations, you may qualify for EV tax credits or local incentives that reduce the effective cost of a Chevy Volt. Check the IRS and state energy websites for current eligibility.

How much does a used Chevy Volt cost compared to a new model?

Used Chevy Volt models (2019–2023) typically range from $18,000 to $28,000, offering significant savings over the 2024 model. Pricing depends on mileage, condition, and remaining battery warranty.

Does the Chevy Volt’s cost include home charging equipment?

The purchase price doesn’t include a home charger, but Chevy often offers rebates or partnerships for Level 2 charging station installations. Portable Level 1 chargers are included with the vehicle.

How does the Chevy Volt electric car cost compare to other plug-in hybrids?

The Volt’s cost is competitive with rivals like the Toyota Prius Prime and Ford Escape PHEV, though it offers more all-electric range. Its pricing balances affordability with advanced hybrid technology.

What optional features increase the cost of a Chevy Volt?

Upgrades like premium audio, leather seats, advanced driver aids, and larger wheels can raise the Chevy Volt’s price by $2,000–$5,000. Trim levels (LT, Premier) also impact the final cost.