First Chevrolet Volt auction reaches $185,000, bidding ends at 6 pm

2011 Chevrolet Volt Auction

How much would you pay for the world’s first range extended electric vehicle? Well, someone out there is willing to pay $185,000. On Nov. 30th, General Motors put the first unit of the Chevrolet Volt up for auction with the proceeds going to benefit math and sciences education in the Detroit Public Schools.

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The bidding started at $50,000 for the $41,000 Volt and two days later it hit $180,000. The bidding closes later today at 6 p.m. and currently stands at $185,000. Each incremental bid must total $5,000, meaning there has been only 1 bid since Dec. 2.

If you’re interested in bidding you can do so before 6 pm at www.bidonthevolt.com. We’ll let you know how much the first Volt sold for later today if anything drastic happens. Stay tuned.

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