Bidding for first 2011 Chevrolet Volt stands at $180,000

2011 Chevrolet Volt Auction

On Nov. 30, 2010, General Motors announced that it will auction off the first production unit of the 2011 Chevrolet Volt with the proceeds going to benefit math and sciences education in the Detroit Public Schools. The bidding for unit No. 1 of the Volt started at $50,000 and has so far reached $180,000.

We’ve been monitoring the number ever since GM launched the auction and it’s been pretty still at $180,000 for a day and a half. The auction ends on Dec. 14 at 6. p.m. If you’re interested in making a bid check out www.bidonthevolt.com.

Prices for the 2011 Chevrolet Volt start at $41,000 but with a full federal income tax credit (which range from $0 to $7,500), the Volt can cost as low as total of $33,500.

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Refresher: The 2011 Chevrolet Volt is powered by 16-kWh, “T”-shaped lithium-ion battery that powers the electric drive unit, which allows it to drive 40 miles on battery power alone. The system puts out 149-hp and a maximum torque of 273 lb-ft, allowing the Volt to go from 0-60 mph in about 9 seconds, hitting a top speed of 100 mph. The battery can be re-charged by plugging into a household outlet and takes 4 hours to recharge on 240 volts, and about 10-12 hours on a standard 120-volt outlet. The Chevrolet Volt also carries an 84-hp 1.4 4-clyinder engine that allows the five-door, FWD sedan to travel additional miles while averaging a fuel-economy of 50 mpg. A fully charged battery and full tank of gas will allow the Volt to travel 340 miles. The 2011 Chevrolet Volt gets an EPA estimated 93 miles per ’gallon-equivalent’ when driving under electric power only, 37 mpg when in gasoline mode and over the long term it is estimated to get 60 miles per gallon in combined gasoline-powered and electric-powered driving. Prices for the 2011 Chevrolet Volt start at $41,000 but with a full federal income tax credit (which range from $0 to $7,500), the Volt can cost a total of $33,500.

2011 Chevrolet Volt:

– By: Zain Haq