Once again, Google is slashing prices and turning the market upside down. Google announced on Thursday that it was cutting Google Drive cloud storage subscriptions by as much as 80 percent.

The first 15 GB of Google Drive cloud storage you use are still free, so for those of you who don't use too much cloud storage, this is the perfect deal. However, if you have a Chromebook or some other limitations on how much storage you have on your computer, Google Drive's new price cuts will certainly benefit you.

Subscribing to Google Drive's 100 GB of storage plan will now only cost you $1.99 a month instead of $4.99, which is pretty impressive in and of itself. However, if you're a big-time cloud storage person, Google's next deal is going to blow your mind. You can get 1 TB of storage for only $9.99 each month. Previously 1 TB cost $49.99 each month. Google dropped the price by $40 for more storage than any average Drive user could possibly need. Meanwhile, 10 TB of storage will only cost $99.99 a month from now on. Each 10 TB after that point is also just $99.99 more.

New users can sign up now and current users will be able to get the new prices right away, says Google. In fact, Google will automatically change the price you're paying to the new low price, so you don't even have to do anything.

Google's new pricing blows the competition out of the water completely, too. Just to put it into perspective: One year of 100 GB cloud storage on Microsoft's OneDrive costs $49 and the same amount on Dropbox costs $99. One year of 100 GB on Google Drive costs only $23.88. That's one incredible incentive to use Google Drive instead of the competition. Clearly, Google means business.

Google is certainly pushing for Drive to become the go-to place for storing your documents and other files in the cloud. Overall, it seems like another attempt by Google to sweeten the pot for current Chromebook users and prospective customers. If the one reservation you had about buying a Chromebook was the lack of built-in storage and you're not leery of the cloud, Google's new drive subscription price cuts should have you pulling out your wallet. It's Chromebook time.

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