CBS4 Car of the Week
This week, we turn the spotlight on a car not destined to be released for at least another year, the Chevrolet Volt.
The Volt is being built as a mass production car that drivers will be able to plug into any 110-volt plug at home to charge the engine. After being fully charged, the car will be capable of running 40 miles a day without using any gas at all. For a longer trip, different systems will kick in and allow the driver to have a range of approximately 640 miles.
Chevrolet claims the car will save a driver approximately 500 gallons per year, which at the current rate of gas being $4 per gallon, translates to a $2,000 savings per year on gas. On the other hand, GM hasn't said how much cost will be added to a monthly utility bill for charging the car.
So the big question, how much will it cost? The answer as of June 2008 is we simply don't know. Chevrolet wants to keep the price to around $30,000 which depending on the performance of the car, might not be a bad price. However, most auto news magazines and websites believe the $30,000 price will only be seen if major tax breaks are given towards the purchase of the vehicle.
As of June '08, the car is slated to be released as a part of the 2010 model line.