GM lowers cost of Chevrolet Volt - KWWL - Eastern Iowa Breaking News, Weather, Closings

GM lowers cost of Chevrolet Volt

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(NBC) -

General Motors is cutting the price of its 2016 Chevrolet Volt.

GM said it's knocking nearly $1,200 off the price of the plug-in hybrid car.

The new Volt will start at just under $34,000 when it goes on sale in the fall.

General Motors said it cut the price because the cost of lithium-ion batteries and other costs are coming down.

Sales of the Volt and other battery-operated vehicles have recently suffered due to falling fuel prices. 

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