exerpts from the article:
General Motors Corp. said Tuesday its Chevrolet Volt rechargeable electric car should get 230 miles per gallon of gasoline in city driving, more than four times the current champion, the Toyota Prius.
Henderson said charging the volt will cost about 40 cents a day, at approximately 5 cents per kilowatt hour.
Most automakers are working similar plug-in designs, but GM could be the leader with the Volt, which is due in showrooms late in 2010.
Toyota’s Prius, the most efficient car now sold in the U.S., gets 48 miles per gallon (20 kilometers per liter) of gas. It is a gas-electric hybrid that runs on a small internal combustion engine assisted by a battery-powered electric motor to save gasoline.
Although Henderson would not give details on pricing, the first-generation Volt is expected to cost near $40,000, making it cost-prohibitive to many people even if gasoline returns to $4 per gallon.
The price is expected to drop with future generations of the Volt, but GM has said government tax credits of up to $7,500 and the savings on fuel could make it cost-effective, especially at 230 miles per gallon.
full article here:
http://www.msnbc.msn.com/id/32370233/ns/business-autos?GT1=43001
General Motors Corp. said Tuesday its Chevrolet Volt rechargeable electric car should get 230 miles per gallon of gasoline in city driving, more than four times the current champion, the Toyota Prius.
Henderson said charging the volt will cost about 40 cents a day, at approximately 5 cents per kilowatt hour.
Most automakers are working similar plug-in designs, but GM could be the leader with the Volt, which is due in showrooms late in 2010.
Toyota’s Prius, the most efficient car now sold in the U.S., gets 48 miles per gallon (20 kilometers per liter) of gas. It is a gas-electric hybrid that runs on a small internal combustion engine assisted by a battery-powered electric motor to save gasoline.
Although Henderson would not give details on pricing, the first-generation Volt is expected to cost near $40,000, making it cost-prohibitive to many people even if gasoline returns to $4 per gallon.
The price is expected to drop with future generations of the Volt, but GM has said government tax credits of up to $7,500 and the savings on fuel could make it cost-effective, especially at 230 miles per gallon.
full article here:
http://www.msnbc.msn.com/id/32370233/ns/business-autos?GT1=43001