The Chevrolet Volt is to be priced at $41,000 (€31,456) in the US, General Motors confirmed July 27.
Taking into account tax credits and incentives, the Volt will be available from $33,500 (€25,702) and will also be available on a leasing program from $350 (€269) per month.
Chevrolet dealers started taking orders Tuesday in the first launch markets, which will be California, New York, Michigan, Connecticut, Texas, New Jersey and the Washington D.C. area.
Delivery is slated for later this year, General Motors confirmed, although initial production will be limited.
The pricing makes the Volt considerably more expensive than the Japanese-made Nissan LEAF, which has a basic Manufacturer's Suggested Retail Price (MSRP) of $32,780 (€24,450) in the US, although this falls to $25,280 (€18,856) after taking government incentives into account.
Consumers can also lease the LEAF for a monthly payment beginning at $349 (€268).
The US pricing of Mitsubishi's iMiEV hasn't yet been announced, although it is set to be more expensive than the Nissan LEAF in both Japan and Europe.
General Motors also confirmed that the Volt will come with five years' use of its OnStar services, which provides navigation and communication tools, including a mobile app that allows users to monitor the charging status of their vehicle.