GM’s Volt – Electricity hits the streets.
Hopefully this car will come to be.
First of all, we have a very cash strapped General Motors. Will a government bailout come in the nick of time?
Secondly, the Volt a plug-in hybrid has used big chunk of the company’s product development budget. A huge R&D cost is not that bad if the vehicle would drive in huge sales however by GM’s own admission, the Volt won’t make money. The level that they will be able to price it will not support the cost needed to build it. This green car will need government incentives to help it sell.
Thirdly, there is the battery challenge. The rush is on to develop an affordable and safe lithium-ion battery.
That being said I think the Volt is kind of cool.
Take a look for yourself.