Nobody can accuse GM of underplaying the Volt's significance. Scheduled to go on sale in November 2010, the car relies on several new technologies to deliver 40 miles of cruising range on battery power alone and an onboard generator to keep the batteries charged on longer trips.
GM has bet its reputation -- change that to , hopes of improving its reputation!! -- on the car's success. Assuming current rates for electricity, a Volt owner could theoretically drive 15,000 miles a year for $180 to $300, chief engineer Frank Weber said Tuesday. Considering that the EPA estimates a compact car, like the Chevy Cobalt or Honda Civic, uses almost $2,000 a year in fuel, that savings would go a long way toward offsetting what's likely to be a $40,000-plus price.
Many people think that this is GM's first attempt at an electric car, however, those of us in the know, well, lets just say we know better. Stay tuned for more about GM's history with electric cars........
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