GM Announces Cost of New Chevy Volt to Compete with Nissan's LEAF

So the latest buzz names in the electric car market are the Volt from Chevy and the LEAF from Nissan.  Both vehicles are hitting the markets by the end of the year and entering as the competition heats up with Toyota's challenges with the Prius.

Even after rebates the Volt is slightlly more expensive than the LEAF but is an affordable price of $33,500 before even state rebates.  However, Nissan is matching the 8 year 100K mile warranty as both companies position themselves against one another.

Here some more details:

The unusual electric car concept that we started following a few years ago is now close to arriving at auto dealerships as the 2011 Chevy Volt. And today, Chevrolet announced the manufacturer's suggested retail price for the Volt will be $41,000. With the full $7,500 federal tax credit, the price comes down to $33,500, and even lower with additional state incentives.

Nissan has tried to position itself as the competitor to GM with its all-electric Leaf, and that is playing out in a number of ways. While the list price of the Volt is several thousand dollars more than the Nissan Leaf, both vehicles will be available for lease at almost identical cost: $350/month for the Volt or $349/month for the Leaf.

Furthermore, on the same day that GM announced the pricing for the Volt, Nissan fired back with an announcement that it, too, would offer a warranty similar to the eight year, 100,000 mile warranty GM has announced for the Volt's battery systems.

Full Story: Eco Geek