The 2016 Chevrolet Volt is set and ready to draw new customers to the electric car ownership experience.

This plug-in electric hybrid may cost less than you might expect thanks largely to the generous Federal tax credit.

Federal tax credits range from$0 – $7,500.

The starting price for the 2016 Volt is $33,995, but after the $7,500 credit drops to only $26,495.

For those who call California home, you can take one home for $24,995 after the state adds their own incentives.

The latest Volt will offer an estimated 50 miles of pure electric driving per charge, which represents a 31% improvement. GM claims that owners who regularly charge their car could experience 1,000 miles or more between fill-ups.

The 2016 Volt will no doubt impress with fuel economy estimates of 102 MPGe (electric) and 41 combined mpg on gasoline power.