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Chevrolet prices 2016 Volt

The new second-gen Volt is cheaper than the outgoing model.

Chevrolet has published pricing information for the all-new 2016 Volt that was presented to the public last January at the Detroit Motor Show.

The second-gen Volt carries a base price of $33,995, a sum that makes it nearly $1,200 less expensive than the outgoing model. That figure includes a mandatory $825 destination charge but it excludes tax, license and dealer fees.

For the Volt, the MSRP is only part of the story. In most states families who buy a plug-in car qualify for a federal tax credit that can be as high as $7,500, bringing the Volt's price down to $26,495. California, the Volt's single largest market, offers more incentives, allowing buyers to drive home in a new Volt for $24,995.

Additional details are being kept under wraps for the time being, so we'll have to wait a little to discover what features the second-gen Volt comes standard with and what's on the list of options.

Built on a brand new platform, the Volt is powered by a plug-in hybrid drivetrain made up of a new 101-horsepower 1.5-liter four-cylinder engine and a compact electric motor. The Volt can drive on electricity alone for approximately 50 miles, and it returns 41 mpg in a mixed cycle when both power sources are up and running.

Scheduled to go on sale in the next few months, the 2016 Chevrolet Volt will begin to arrive on dealer lots next fall.

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