Nissan (NASDAQOTH:NSANY) showed earlier this year that price cuts could work wonders for electric cars, after a discount for its Leaf sent sales soaring. That led General Motors (NYSE:GM) Chevrolet Volt hybrid to make a bold move with its Chevy Volt, cutting the Volt's price by several thousand dollars. It worked out well: Volt sales were up over 18% last month.
GM said on Monday that the Volt's German cousin would get a big price cut of its own. Will that lead to another big boost for GM? Fool.com contributor John Rosevear ponders that in this video -- and asks whether price cuts will end up being the key to getting more buyers to consider electric cars.
Fool contributor John Rosevear owns shares of General Motors. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends General Motors and Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.