It's funny how the Volt was bashed for only going 40 miles on electric only, but the Prius is praised for going 15
You sure? The Volt is a piece of sh*t when running on gas. It requires premium and gets 35 mpg. It was always sold as an electric vehicle with extended gas range because you do not want to run it on gas (due to its inefficiency). The Prius is simply a plug-in.
This number is about where most people thought Toyota would settle. GM can now finally stop pretending. The Volt is damn near dead in the water.
Its sales are a completely catastrophe this year and unless it pulls a rabbit in Q4 its 10k sales estimate will be squashed.
This Prius vs a Volt:
1) 5 seats instead of 4
2) Toyota quality
3) MUCH cheaper to run on gasoline once battery runs out (50 mpg vs 35 on cheaper fuel)
4) $10k cheaper purchase price
5) Shorter range on electric (though also more practical on standard electrical outlets, too)
I'm unclear now on whether this qualifies for tax credits, but it should to some degree.
EDIT: It appears $2500 tax credit applies, so $29,500 for this car. You'll be unlikely to make money back any time soon vs a normal Prius but this isn't that bad, you're looking at $5-6k over the regular prius to be able to plug it in. Looks like it actually drops 1 mpg in combined driving when the battery charge is up.
EDIT: Base also has nav, so the plug in is a pretty small premium in cost.