Will sticker shock prevent consumers from making a green statement?
General Motors(GM) has announced their new hybrid the Chevrolet Volt will be available this November. The $41,ooo car, less a federal tax credit of $7,500, will be up against the Nissan(NSANY) Leaf. The Leaf will start selling at $33,000.
The plugin hybrid electric car will be able to travel 40 miles on a single charge. It is estimated that the typical driver will drive an estimated 33 miles in a day. Its competitor can go up to 100 miles on a single charge.
The Volt has a backup gas engine that will go an additional 350 miles. The new engine is a Voltec electric automobile engine, which is an upgrade from Chevrolet’s previous designs. The battery will come with an 8 year, 100,000 mile warranty.
Will GM make up the costs of production on the expected sales of the new car? The same question was asked about the Prius when it first came out. If GM was to try to quickly recoup the costs of the production of the Volt, it would become somewhat cost prohibitive for the market General Motors is trying to engage. The new Chevrolet Volt is making its debut in November, will the public be ready?
Updated: Toyota to Nissan – Thanks Dave
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