Chevrolet's Volt is still more than a
year away, but the vehicle is still creating a lot of buzz around the
internet. The latest news sheds some light on the Volt's expected EPA
rating when it is released late next year.
General Motors announced
today in a public webcast that the Volt will be rated an an
impressive 230 mpg in the city. The combined city/highway fuel
economy rating for the Volt will still be rated at over 100 mpg.
The 230 mpg rating is no doubt boosted
by the fact that the Volt can travel a total of 40 miles on battery
power alone before the gasoline engine/generator has to kick in to
keep the vehicle moving. Once the initial 40 miles is exhausted, the
Volt can travel an additional 300+ miles through the use of the
generator.
For comparison, Toyota's hot-selling
Prius is rated at 51
mpg city and 48 mpg highway (50 mpg combined). Nissan's upcoming
LEAF EV will travel a total of 100 miles before exhausting its
lithium-ion battery pack. However, unlike the Volt, the LEAF doesn't
have a gasoline engine/generator as a backup when the battery is
depleted.
While the Volt will definitely have an
EPA mileage advantage over both the Prius and the LEAF, both vehicles
will significantly undercut Chevrolet's offering. The Prius currently
starts at $22,000 and a new $21,000 model will hit dealer lots in
September. The LEAF is being billed as "the world's first
affordable, zero-emission car," so pricing will like be well
below $30,000.
The Volt will retail for over $40,000
-- a figure that even took
GM Vice-Chairman Bob Lutz by surprise. "When I said I hope
to sell it in the 20s, I just thought, well, if a conventional car of
that size with a conventional four-cylinder engine, we can sell it
for $15,000 or $16,000, then let's notionally add $8,000 for the
battery and we're at $25,000," said Lutz in an interview with
AdAge.
GM CEO Fritz Henderson repeatedly
commented during the webcast that the price of the Volt is indeed
high, but that is the result of it being a first generation vehicle.
Henderson added the prices will come down with the second generation
Volt and the GM engineers are already hard at work on second
generation technology.
Other vehicles announced by General
Motors today include a new Cadillac ATS compact which will do battle
with the BMW 3-Series, a replacement for Cadillac's long-in-the-tooth
DTS called the XTS, and CTS Coupe/CTS-V SportWagon models.