GM may build 60,000 Chevy Volts in first year

According to sources in Detroit, GM may be planning on building 60,000 Chevrolet Volts for the car’s first year run. That is four times the sales of the Toyota Prius when it made its U.S. debut.

That production level may allow GM to sell the Volt for less than $30,000, since GM hopes that a cheap electric car will help boost sluggish sales in the U.S., according to the source.

“If they were able to get 30,000 to 60,000 on the road in a year, it would be a huge leap in technology,” Brett Smith, an alternative-fuel analyst at the Center for Automotive Research, told Bloomberg. “It will be difficult, though, because there are so many barriers to making this happen.”

GM hopes to have the Volt running and testing by Spring of 2008. “We should have the battery packs by October,” said Bob Lutz , speaking to reporters earlier this month. “We”ll have some on the road for testing next spring, and we should have the Volt in production by the end of 2010.”

Toyota’s Prius, which starts at $22,175, has sold more than 800,000 units .

“We’ve got a technology that’s established in the marketplace and has been reliable,” Irv Miller, Toyota’s group vice president of U.S. communications, told Bloomberg. “If anyone thinks the Prius of today is going to be the Prius of 2011 or 2012, they underestimate Toyota.”

Oh this is getting really good!


Source: Bloomberg

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