---
title: Why The Chevy Volt Is Getting a Whole Lot Cheaper
description: 'Car shoppers, take note: The Chevy Volt has received a $4,400 price cut amid low sales and a new model.'
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published: '2015-05-26T14:38:59.000Z'
modified: '2015-05-26T14:38:59.000Z'
section: Shopping
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  - Chevy Volt
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![138306487](https://img.money.com/2015/05/gettyimages-138306487.jpg)
*Chevrolet Volt*

Car shoppers, take note: The Chevy Volt has received a $4,400 price cut, according to the [Detroit Free Press.](http://www.freep.com/story/05/19/general-motors-chevrolet-volt/27572767/)

TrueCar, an online shopping guide, shows the plug-in hybrid's average average closing price has dipped from $35,000 to $30,607.

Why the discount? The *Free Press* says Chevy is about to start production on a redesigned 2016 edition Volt. The new model will have a suggested retail price of $33,995 in addition to a [$7,500 electric vehicle federal tax credit.](http://www.irs.gov/Businesses/Plug-In-Electric-Vehicle-Credit-IRC-30-and-IRC-30D)

Another reason for the cut is slow sales fueled by lower gas prices, which have steered some consumers to less fuel-efficient cars. Plug-in hybrid sales are down 33% from January to April compared to the same period a year prior.

It's not all bad news for energy-efficient vehicles. The *Free Press* notes battery-only autos like the Nissan Leaf have seen their sales grow 28% in the first four months of 2015, but still make up just 0.4% of the U.S. car market.

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