How Much Is a Chevy Volt Electric Car A Complete Price Breakdown

The 2023 Chevy Volt starts at $26,500, offering an affordable entry into electric driving with up to 53 miles of all-electric range. With available tax credits and lower trims under $25K, the Volt delivers strong value for eco-conscious drivers seeking efficiency without breaking the bank.

Key Takeaways

• Base price starts at $33,995 before incentives or upgrades.
• Federal tax credit up to $7,500 can significantly lower cost.
• Trim levels impact pricing: LT, Premier, and special editions vary.
• Charging equipment included with purchase, saving extra expenses.
• Lower operating costs than gas cars due to fuel savings.
• Used models offer value at $15K–$25K with proven reliability.

How Much Is a Chevy Volt Electric Car? A Complete Price Breakdown

The Chevrolet Volt has long been a pioneer in the plug-in hybrid electric vehicle (PHEV) market, blending electric efficiency with the flexibility of a gasoline engine. Since its debut in 2011, the Volt has offered drivers a compelling mix of innovation, fuel economy, and affordability—making it a standout option for those transitioning from traditional gas-powered vehicles to more sustainable driving. But as the electric vehicle (EV) market evolves rapidly, many potential buyers are asking: how much is a Chevy Volt electric car today? Whether you’re eyeing a new model before the discontinuation in 2019 or considering a used or certified pre-owned (CPO) version, understanding the full cost picture is essential.

While the Chevy Volt is no longer in production, its legacy lives on through a robust secondary market and enduring popularity among eco-conscious drivers. This comprehensive guide will break down the total cost of ownership for the Chevy Volt, covering everything from purchase price and trim levels to long-term savings, incentives, and real-world comparisons. We’ll explore new vs. used pricing, regional cost variations, and how the Volt stacks up against competitors like the Toyota Prius Prime, Hyundai Ioniq Plug-in, and even all-electric models like the Chevrolet Bolt EV. By the end of this article, you’ll have a clear, data-driven understanding of what you can expect to pay—and what you’ll save—when investing in a Chevy Volt.

Understanding the Chevy Volt: Model Generations and Key Features

First Generation (2011–2015): The Pioneer of Plug-In Hybrids

The first-generation Chevy Volt launched in 2011 as GM’s answer to the growing demand for electric vehicles with extended range. Unlike fully electric cars, the Volt used a 16 kWh lithium-ion battery and a 1.4L gasoline-powered generator to extend its range beyond the electric-only limit. This dual-powertrain setup allowed drivers to travel up to 35–38 miles on pure electricity before the gas engine kicked in, providing a total range of around 370–380 miles.

Key features of the first-gen Volt included regenerative braking, a 7-inch touchscreen infotainment system, and advanced telematics via the OnStar system. While the interior was somewhat cramped—especially in the rear—the Volt was praised for its smooth ride, quiet electric mode, and impressive fuel economy (up to 94 MPGe combined). These early models are now available at significantly lower prices, making them an attractive option for budget-conscious buyers.

Second Generation (2016–2019): Enhanced Performance and Efficiency

The second-generation Volt, introduced in 2016, represented a major leap forward. With a larger 18.4 kWh battery, the electric-only range increased to 53 miles, while total range expanded to over 420 miles. The new 1.5L engine was more efficient, and the car gained improved acceleration (0–60 mph in 8.4 seconds) and a more modern interior with an 8-inch touchscreen, Apple CarPlay, Android Auto, and a redesigned dashboard.

Other notable upgrades included:

• Enhanced regenerative braking with paddle shifters on the steering wheel
• Available heated seats and steering wheel
• Improved aerodynamics and lighter body construction
• Available Driver Confidence packages with blind-spot monitoring and rear cross-traffic alert

These improvements made the second-gen Volt more competitive with newer EVs and PHEVs. However, GM discontinued the model in 2019 to focus on fully electric vehicles like the Bolt and future Ultium-based EVs. This decision has created a strong demand for used Volts, especially well-maintained 2017–2019 models with low mileage.

Why the Chevy Volt Stands Out in the PHEV Market

Despite being out of production, the Chevy Volt remains a standout in the plug-in hybrid segment for several reasons:

• Real-world electric range: 53 miles on the second-gen model covers most daily commutes, reducing gas usage significantly.
• No range anxiety: Unlike all-electric vehicles, the Volt’s gas generator eliminates concerns about long trips or cold-weather range loss.
• Proven reliability: The Volt has earned high marks from Consumer Reports and J.D. Power for dependability.
• Low operating costs: With high MPGe ratings and minimal maintenance needs, ownership costs are lower than many competitors.

New vs. Used Chevy Volt: Price Comparison and Market Trends

New Chevy Volt Pricing (2016–2019 Models)

When the Chevy Volt was in production, its pricing varied by model year, trim level, and available options. The second-generation Volt offered two main trims: the base Volt LT and the higher-end Volt Premier. Here’s a breakdown of the original MSRP (Manufacturer’s Suggested Retail Price) for new models:

Model Year	Trim	MSRP (Starting)	Electric Range	Total Range
2016	LT	$33,995	53 miles	420 miles
2016	Premier	$38,345	53 miles	420 miles
2017	LT	$33,220	53 miles	420 miles
2017	Premier	$37,570	53 miles	420 miles
2018	LT	$34,095	53 miles	420 miles
2018	Premier	$38,445	53 miles	420 miles
2019	LT	$33,520	53 miles	420 miles
2019	Premier	$37,870	53 miles	420 miles

Note: These prices reflect base models without optional packages. Popular add-ons like the Driver Confidence Package (~$500), heated seats, and upgraded audio systems could push the final price closer to $39,000 for the Premier trim.

Used and Certified Pre-Owned (CPO) Chevy Volt Pricing (2024 Market)

As of 2024, the used market for Chevy Volts is robust, with prices varying significantly based on age, mileage, condition, and location. Here’s a realistic price range for used Volts across different categories:

• 2016–2017 models (high-mileage): $12,000–$16,000
• 2018–2019 models (low to moderate mileage): $18,000–$24,000
• Certified Pre-Owned (CPO) Volts (Chevy dealership): $20,000–$28,000
• First-gen models (2011–2015): $7,000–$12,000

Example: A 2018 Chevy Volt Premier with 30,000 miles, clean history, and no accidents might list for $23,999 at a dealership, while a similar model with 60,000 miles could be found for $19,500. CPO models often include a 12-month/12,000-mile bumper-to-bumper warranty and a 6-year/100,000-mile powertrain warranty, adding peace of mind.

Regional Price Variations and Market Tips

Prices can vary widely depending on your location. States with high EV adoption—such as California, Washington, and Colorado—tend to have higher used Volt prices due to demand. In contrast, the Midwest and South may offer better deals. For example:

• California: 2019 Volt Premier – $24,500 (average)
• Texas: 2019 Volt Premier – $21,800 (average)
• Ohio: 2018 Volt LT – $17,200 (average)

Pro Tip: Use tools like Edmunds, Kelley Blue Book (KBB), and CarGurus to compare local listings and get fair market value estimates. Always request a vehicle history report (Carfax or AutoCheck) to avoid models with accidents or flood damage. Test drive the car, especially in electric-only mode, to ensure the battery and charging system are functioning properly.

Trim Levels, Options, and Hidden Costs

Chevy Volt Trim Levels: LT vs. Premier

The two main trims of the second-generation Volt offer distinct value propositions:

Volt LT:

• 8-inch touchscreen with Apple CarPlay and Android Auto
• Rearview camera
• Keyless entry and start
• LED daytime running lights
• Cloth upholstery
• Available Driver Confidence Package (blind-spot monitoring, rear cross-traffic alert)

Volt Premier:

• Everything in LT, plus:
• Leather-appointed seats
• Heated front seats and steering wheel
• 8-way power driver’s seat
• Premium Bose audio system
• Auto-dimming rearview mirror
• Universal garage door opener
• Available Driver Confidence II Package (forward collision alert, lane-keep assist)

The Premier trim adds about $4,000–$5,000 to the price but offers significant comfort and tech upgrades. For buyers who value long drives or cold-weather comfort, the heated seats and steering wheel are worth the extra cost.

Popular Add-Ons and Packages

When buying a used Volt, check if the following options were included:

• Driver Confidence Package (~$500): Essential for safety-conscious drivers.
• Sunroof (~$800): Adds ventilation and light but reduces headroom slightly.
• Premium Audio (~$600): Bose system delivers excellent sound quality.
• All-Weather Floor Mats (~$150): Practical for snowy or rainy climates.

Hidden and Long-Term Ownership Costs

While the Volt is known for low operating costs, there are a few expenses to consider:

• Charging Equipment: Most Volts come with a Level 1 (120V) charger. A Level 2 (240V) home charger (~$500–$800) reduces charging time from 10–13 hours to 4–5 hours. Installation may add $1,000–$2,000 if electrical work is needed.
• Battery Degradation: After 8–10 years, battery capacity may drop by 10–15%, reducing electric range. Replacement costs are rare but could exceed $5,000 if out of warranty.
• Maintenance: The Volt requires oil changes (every 10,000–15,000 miles), tire rotations, and brake inspections. However, regenerative braking reduces brake wear significantly.
• Insurance: Rates vary, but the Volt is generally affordable to insure. Expect $1,200–$1,800 annually, depending on driving history and location.

Federal, State, and Local Incentives: Reducing Your Total Cost

Federal Tax Credit (When Available)

The Chevy Volt qualified for the federal plug-in electric drive vehicle tax credit of up to $7,500 when purchased new. However, GM reached its 200,000-vehicle sales limit in 2018, phasing out the credit. As of 2024, no federal tax credit is available for used Volts, but buyers who purchased new before 2019 may have claimed it.

Important: The credit was non-refundable and could only offset tax liability. For example, if your tax bill was $5,000, you’d receive the full $5,000 credit, but the remaining $2,500 would be forfeited unless you had additional tax obligations.

State and Local Incentives (Still Active in Many Areas)

Even without the federal credit, numerous states and municipalities offer rebates, tax exemptions, and perks for plug-in hybrid owners. Here are some examples:

• California: Clean Vehicle Rebate Project (CVRP) – $1,000–$4,500 for low-to-moderate-income buyers (used PHEVs may qualify).
• Colorado: $5,000 tax credit for new EVs/PHEVs; $2,500 for used (income-based).
• Maryland: $3,000 excise tax credit for used PHEVs.
• Oregon: $750–$2,500 rebate for used EVs/PHEVs.
• New York: Drive Clean Rebate – $2,000 for new PHEVs; used models may qualify through local programs.
• Hawaii: $4,500 tax credit (phasing out, but still active for 2024).

Pro Tip: Visit the Database of State Incentives for Renewables & Efficiency (DSIRE) website to search for incentives by ZIP code. Some programs require registration within 90 days of purchase.

Additional Perks: HOV Lane Access and Free Charging

Many states offer non-monetary benefits:

• HOV Lane Access: California, Utah, and Virginia allow PHEVs with clean air stickers to use carpool lanes, saving time during rush hour.
• Free Public Charging: Some cities (e.g., Portland, Seattle) offer free Level 2 charging at public stations for PHEV owners.
• Reduced Registration Fees: States like Washington and Colorado charge lower annual fees for EVs and PHEVs.

Total Cost of Ownership: Fuel, Maintenance, and Resale Value

Fuel and Electricity Costs: Real-World Savings

The Chevy Volt’s 53-mile electric range means many drivers rarely use gasoline. Assuming a 30-mile daily commute and charging at home (average U.S. electricity rate: $0.14/kWh), here’s a cost comparison:

• Electric Mode: 53 miles uses ~15 kWh. Cost: 15 × $0.14 = $2.10 per charge.
• Gasoline Mode: After battery depletion, the Volt gets 42 MPG. At $3.50/gallon, 53 miles costs ~$4.40.
• Monthly Savings (5 days/week): (5 × $2.10) × 4 = $42/month vs. (5 × $4.40) × 4 = $88/month → $46/month saved.

Over 5 years, that’s $2,760 in fuel savings—enough to offset a significant portion of the car’s purchase price.

Maintenance and Repair Costs

The Volt’s hybrid system reduces wear on traditional components:

• Brakes: Regenerative braking cuts brake pad replacements to once every 75,000–100,000 miles (vs. 30,000–50,000 for gas cars).
• Engine: The gas engine runs less frequently, extending oil change intervals and engine life.
• Reliability: Consumer Reports rated the 2017–2019 Volt “Excellent” for reliability, with few major issues reported.

Estimated 5-year maintenance cost: $4,000–$5,000 (vs. $6,000–$7,000 for comparable gas sedans).

Depreciation and Resale Value

The Volt holds its value better than most PHEVs. According to KBB, a 2018 Volt LT retains ~55% of its value after 3 years and ~40% after 5 years. A 2018 model bought for $24,000 in 2020 would be worth ~$15,000 in 2025—a depreciation rate of ~$1,800/year.

Factors that boost resale value:

• Low mileage (<12,000/year)
• Clean title and maintenance records
• Premier trim with desirable options
• Location in high-EV-demand areas

Conclusion: Is the Chevy Volt Worth the Investment?

So, how much is a Chevy Volt electric car? The answer depends on your needs, budget, and location. A used 2018–2019 Volt Premier in good condition will likely cost between $18,000 and $25,000, while first-gen models start under $10,000. When you factor in fuel savings, low maintenance, and potential state incentives, the Volt offers exceptional value—especially for drivers with daily commutes under 50 miles.

The Chevy Volt isn’t just a car; it’s a smart financial and environmental choice. With no range anxiety, proven reliability, and a comfortable, tech-rich interior, it remains one of the most practical plug-in hybrids on the road. While newer EVs offer longer electric ranges, the Volt’s hybrid flexibility makes it ideal for those who want electric efficiency without sacrificing long-distance capability.

Whether you’re buying a used Volt to reduce your carbon footprint, save on gas, or simply enjoy a smooth, quiet ride, this vehicle delivers on its promises. By researching local incentives, comparing CPO and private listings, and understanding the full cost of ownership, you can make a confident, informed decision. The Chevy Volt may be out of production, but its legacy of innovation and value lives on—proving that sometimes, the best electric car is one that never fully lets go of the past.

Frequently Asked Questions

How much is a Chevy Volt electric car in 2024?

The 2024 Chevy Volt starts around $34,000 for the base model, with higher trims reaching up to $42,000 before incentives. Prices vary based on options, taxes, and dealer fees.

Is the Chevy Volt price worth it compared to other EVs?

The Chevy Volt offers strong value with its hybrid-electric powertrain, 53 miles of electric range, and gas backup for longer trips. It’s competitively priced against rivals like the Toyota Prius Prime and Hyundai Ioniq Plug-in Hybrid.

Does the Chevy Volt qualify for federal or state tax credits?

Yes, the Chevy Volt may qualify for a $4,000 federal tax credit (as of 2024) and additional state-level incentives, depending on your location. These can significantly lower the effective purchase price.

How much is a used Chevy Volt compared to new?

Used Chevy Volts (2019–2023) typically range from $18,000 to $30,000, offering major savings over new models. Battery health and remaining warranty should be evaluated when buying pre-owned.

What factors affect the total cost of a Chevy Volt?

Trim level, optional packages (like premium audio or driver assists), destination fees, and regional taxes influence the final Chevy Volt price. Financing rates and trade-in values also impact out-of-pocket costs.

Are there lease deals available for the Chevy Volt electric car?

Yes, Chevrolet often offers lease specials on the Volt, with monthly payments starting around $250–$350 (with due-at-signing fees). Check local dealer promotions for current lease terms and mileage allowances.