Saturday 7 August 2010

GM reduces shock at Volt's high price

General Motors has priced its Chevrolet Volt plug-in hybrid at US$41,000 ($56,280), including a shipping fee, and plans to tell consumers the cost covers a peace of mind that's missing from other electric vehicles.
The price of the Volt, which goes on sale in the US in October or November, compares with the US$32,780 Nissan wants for its Leaf electric vehicle, which goes on sale in December. Buyers of both cars are eligible for a US$7500 federal tax credit.
GM says the Volt can travel as far as 65km on battery power before it switches to its petrol-powered engine. The Leaf is an all-electric vehicle advertised as having an estimated 160km range before drivers need to recharge.
GM's research and its experience with the EV1 electric vehicle in the 1990s indicated customers interested in electric vehicles also wanted the peace of mind provided by the Volt's onboard engine, said US marketing chief Joel Ewanick.

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