Saturday, April 18, 2009

The $40,000 Electric Volt

General Motors, despite its financial turmoil, is still moving forward with plans to launch the Chevy Volt in the fall of 2010. However, those plans may be derailed if General Motors doesn't get a government bail-out and falls into bankruptcy. General Motors is hoping to launch the Volt with a price tag of about $40,000. However, the company also estimates that it needs another $750 million to complete the development of the Volt. After it's all said & done, that price tag will probably rise to $50,000 and if the Volt makes it to market, it may have a hard time competing with the Toyota Prius and Honda Insight at $25,000 to $30,000.

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