Electric car wars heat up, Chevrolet Volt $5,000 less in 2014

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The electric and green car wars between Chevrolet and Nissan continue to heat up in the carmakers’ pursuit of a bigger market share in their competition against the dominating Toyota Prius family.

The latest move involves Chevrolet reducing the starting price of the 2014 Volt by around $5,000 for its fourth year on the market. The Volt will now have a starting price of $34,995 (*including $810 for destination), but when the 2014 model will be available is unknown.

The 2014 Chevrolet Volt costs $5,000 less than in 2013
2014 Chevrolet Volt

Nissan previously announced it had lowered the starting price of the Leaf by $6,400.

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The Chevrolet Volt can now potentially cost as little as $27,495 after $7,500 federal tax credit. Two  new colors of the Volt will be offered in 2014, but the new model year will not have any significant changes other than a new leather-wrapped steering wheel.

According to the carmaker, Volt owners who charge regularly typically drive 900 miles between fill-ups and visit the gas station about once a month. The 2014 Volt will continue to provide owners with 98 MPGe (electric) and 35 city/40 highway on gasoline power.

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