Update: The Chevy Volt, the Electric Car of the Future
(Page 3 of 3)
Oct. 29, 2008
By Todd Kaho
Costs: Up-front and Long-term
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GM has yet to announce pricing for the Volt, but sources say it will be in the mid-to-upper $30,000 range. That price tag may come down if there are battery technology breakthroughs and with expanded production. Buyers may also be eligible for substantial tax credits, depending on future legislation from Congress.
When the rubber hits the road, though, your actual operating costs would be quite low. GM estimates that at current energy costs, the Volt will cover a mile for about 2 cents in pure electric mode. With the range-extending gas engine running, expect costs of about 10 to 12 cents per mile. To put that in perspective, a daily charge will use less electricity over the course of a year than the average household refrigerator. If that charge comes from solar, wind or other renewable energy sources, we can move that much closer to truly going “green.”
For more information about the Volt:
The Volt: An Electric Car That Could Change Everything
GM Volt (news and information about the car; not affiliated with GM)
Official GM site for the Volt
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