Auction for first Chevrolet Volt over, winning bid comes in at $225,000

First unit of the 2011 Chevrolet Volt auctioned for $225,0000

The auction for the first unit of the Chevrolet Volt has ended and raked in winning bid of $225,000.00. All proceeds from the auction benefit STEM education initiatives supported by the Detroit Public Schools Foundation (DPSF). The auction ended yesterday at 6 pm – earlier that morning the highest bid on the first Volt stood at $185,000 for 13 days.

The starting bid was set at $50,000 – we’re pretty sure the first unit will be worth something in the next couple of decades.

Click here for more news on the Chevrolet Volt.

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: Omar Rana