Chevrolet’s redesigned 2016 Volt will be offered in a lower-priced model with a smaller battery pack and a shorter electric range, supplier sources told Reuters.

The standard 2016 Volt isn’t expected to be dramatically different from the current model, with a 380-mile total range and a $35,000 price tag. The “entry level” Volt will likely have a range of less than 300 miles, with less equipment, and be priced from just over $30,000, the sources said.

Chevrolet spokesman Mike Albano refused to confirm the news, saying only, “Volt customers are the happiest customers in the world. We found a formula that works for them, and we’re not going to deviate from that formula.”

Meanwhile, Automobilwoche reports that GM’s European unit Opel is planning a smaller version of the Volt, as well as a pure EV for 2016/2017, which will be significantly smaller and more affordable than the Volt’s sister, the Ampera.

Opel sales chief Peter Christian Küspert said alternative powertrains are indispensable for Opel and other automakers to meet Europe’s tighter CO₂ standards that take effect in 2021.

Source: Reuters via Automotive News