Chevrolet Volt could cost up to $48,000!

Posted: Apr 01, 2008
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In a recent article by BusinessWeek called ‘The road to stronger CAFE standard,’ writer David Kiley got some one-on-one time with two Detroit big shots, Jim Press of Chrysler and our main man Bob Lutz of GM. While Jim Press had something important to say along the lines of “…the Japanese government paid for 100% of the development of the battery and hybrid system that went into the Toyota Prius,” (yes we know that’s pretty big, read the article at BusinessWeek if you care that much about Priuses and Toyota), we were more concerned with Lutz comments on the Volt’s pricetag.

Lutz has already told us that even though the Volt is the next big step for GM, the automaker won’t break even on it for years. But just like us, you’re probably still wondering what the pricetag for the Volt will be.

GM once targeted $30,000 of your money for the Chevrolet Volt. But now, with all the development cost going into the plug-in hybrid, Lutz reckons the price could reach about $48,000. Lutz claims that $40,000 is possible only if GM doesn’t make a penny on the car. Only if the government throws on tax incentives for purchasing a Volt, could only take the price close to the $30,000 mark.

So there you have it, while it may be saving you fuel, it probably will burn a good amount of your bank account.

 

Source: MSNBC (via Jalopnik)

[tags]Cars, Car, Auto, Automobile, Vehicles, Technology, Auto News, News, Automotive, Chevrolet, GM[/tags]


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  • Allen

    Bullshit. I can convert a Prius, a $22,000 car, to a plug in hyrbid for only $3000. What R&D is being done here that can’t be learned online?

    Lutz is a moron. A total nitwit. He lacks any future-forward thinking. The man needs to go.

  • Darkstar

    You are the moron… neither you, nor anyone else over here, can convert the Prius to a plug-in for $3000. If you think you can, show somebody how & get rich. You know not, of what you speak.
    However, and more importantly, the Prius and Volt have little in common, and it’s the development of the whole car that is so costly… the plug-in nature has been a part of the concept from the beginning, NOT just an add-on.
    Lastly, the Prius is a piece of crap when it comes to actually driving the thing (handling, thrust/power, even simple comfort… all stink!!!,)for any length of time. My sister has had one for over 18 mos. now. (She’s been trying to get rid of it since before it was a year old, it was such a dog.) Except for the “isn’t that cool” factor of the first few months, even she (who was very happy w/ an underpowered Saturn, before the Prius) can’t find anything good to say about it. She’ll gladly pay for gas, again, to get where she wants to w/o leaving extra-early, and getting passed by everyone else.
    Hopefully, the Volt will actually be FUN to drive.