The 2016 Chevrolet Volt is on its way. MSRP for the base LT model will be $33,995 including delivery – $1,175 lower than the 2015 Volt, and close to the $33,560 average price of a new vehicle, as estimated by KBB (via Green Car Reports).

There’s also a snazzier trim level that has a host of high-tech features – navigation, Forward Collision Alert, Lane Keep Assist, Front Automatic Braking, rear seat heating, and more, starting at $38,345.

Chevy’s rebooted PHEV (or EREV?) features upgrades throughout the drivetrain: a new two-motor drive unit that’s 12% more efficient and 100 lbs lighter; a 1.5-liter gas engine and an 18.4 kWh battery pack with 192 LG Chem cells that’s 20 lbs lighter than the last one.

Acceleration has been accelerated by 7% and electric range has been increased to 50 miles. Fuel efficiency is now 41 mpg or 102 MPGe. The battery is covered by an 8-year/100,000-mile warranty (10 years/150,000 miles in ARB states).

The first deliveries are expected to happen in California in late September or early October, expanding to the rest of the country by December.

Sources: GM, Green Car Reports, InsideEVs, treehugger