Next Chevrolet Volt to Offer Cheaper Entry Price.

When the next Chevrolet Volt arrives for the 2016 model year, it will be available in a lower-priced trim that comes with a smaller battery pack. According to a report from Reuters, the second-generation Volt is set to start production at General Motors' Detroit Hamtramck plant in about 16 months.

The new entry level model, expected to cost just over $30,000, will come with a reduced driving range of less than 300 miles. It will be available in addition to the standard Volt, which can drive for 380 miles and costs around $35,000. According to suppliers, the new Volt will also share its underpinnings with the next-generation Chevrolet Cruze, presumably to take advantage of economies of scale.

Introduced for the 2011 model year, the Chevrolet Volt has not lived up to its sales expectations. Only 23,094 Volts were sold last year, and this has been on the decline ever since. Recently, the Volt has been losing out against its chief rival, the Nissan Leaf, which has seen its base price plummet to $29,000.

Plug-in cars currently make up less than 1 percent of the auto market, but this may change as cars like the Chevrolet Volt become more accessible to the masses.

REPORT HERE