Print 55 comment(s) - last by mindless1.. on Feb 6 at 9:34 AM

Volt will be much cheaper in the next generation  (Source: GM)
Price cut will come from smaller battery packs and economy of scale

The Chevrolet Volt is an interesting green vehicle with its ability to drive on electric power alone for short distances coupled with the ability to drive for much longer distances using a gasoline engine. The big drawback to the Volt today is the price of the vehicle.

The MSRP of the Volt is around $41,000, which is keeping some of the people that might be interested in the vehicle from biting. GM has announced that it hopes to reduce the price of the Volt by $7,500 for the next generation.

If GM were able to cut the MSRP by $7,500, when a buyer figures the federal tax rebate into the price the Volt would sell for under $30,000 making it much more appealing to most car buyers. The discount would also put the Volt more in line with the MSRP of the Nissan Leaf EV.

GM's Robert Peterson said, "As with any new technology - from plasma TVs to cell phones - the production costs lower with learnings gained with each generation. We expect to see similar cost savings, either through the development or improvement of technologies, or reduced production costs."

The discount could be achieved by taking advantage of greater economies of scale and by using a smaller battery pack that would presumably offer the same range as the battery pack in the Volt today. 

Edmunds reports that GM sold 321 Volts in January and 326 in December while the Leaf sold 87 units last month. GM plans to build 25,000 Volts this year and up to 50,000 in 2012.

The first Volt demo cars showed up at dealers this week.

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RE: It will go back up
By wookie1 on 2/3/2011 3:58:27 PM , Rating: 2
If it's a worthy goal, nothing is stopping you from reaching for it. Just don't rip money out of my pocket to reach your goal.

National defense is a core function of the federal government. Running and owning auto companies is not. But we could save ourselves money by not providing the bulk defense forces for Europe and Japan, tell them to provide their own defense.

RE: It will go back up
By osalcido on 2/3/11, Rating: 0
RE: It will go back up
By kattanna on 2/3/2011 4:20:57 PM , Rating: 4
haha you're an idiot

im pretty sure that while your saying that your actually looking into a mirror ;>)

The government spends hundreds of billions on securing oil fields in Iraq, cleaning up after the Deepwater Horizon oil spill, and churning up Alaskan wilderness and you're perfectly fine.

nice way to go overboard and make blanket statements for him all without the slightest bit of proof.

Do you work for Exxon or something?

hey.. is that your mom i hear calling down to you to take out the trash?

see what i did there? :>)

RE: It will go back up
By wired00 on 2/3/2011 9:33:12 PM , Rating: 2
want to know how much the US Govt Military budget was in 2010 ? $685 Billion.

what about how many people died from terrorism in the US since 1993 till 2003? 3,227.

how many people died in 2007 ALONE to cardiovascular disease (highest annual death rate in US)? 616, 067

Cost to US govt for deaths from heart disease? $475 Billion.

What about how much funding does heart disease get annually? $1.7 Billion (combined heart disease and coronary heart disease) HA!

So thats 3,227 people died in 10 YEARS in the US vs ~600,000 in a single year to a single diseas. Yet the budget spent on heart disease research is only a minute fraction of that spent on the military.

It boggles my mind why the US people don't react to this. Could you imagine what medical breakthroughs would be made with funding like the military has??

RE: It will go back up
By FITCamaro on 2/4/2011 7:21:51 AM , Rating: 3
It's not the government's job to take care of you and keep you alive from sickness. It is the government's job to provide for the national defense.

You know why that number is so high for heart disease? Because old people typically die from heart problems.

RE: It will go back up
By Nutzo on 2/4/2011 1:50:18 PM , Rating: 2
So lets take the entire defense budget and spend it on heart research.
The Results:
Lots of rich researchers.
Lots of old people still dying from heart disease.

And alot more people dying in the next several years as the world decends into chaos as terrorist and dictators have a free reign to do whatever they want.

RE: It will go back up
By FITCamaro on 2/4/2011 3:19:17 PM , Rating: 2
Exactly. What happens when the cops say they aren't going to patrol anymore. See Cairo for example. Chaos happens. The same thing applies on a global scale.

RE: It will go back up
By Azethoth on 2/3/2011 5:38:13 PM , Rating: 2
You are kinda ill informed. The US government subsidizes oil companies to the tune of $30 - $40 billion (thats BILLION) a year. If you truly care about wallet rape, then focus on big ticket items like oil company tax credits.

RE: It will go back up
By Kurz on 2/4/2011 2:05:38 PM , Rating: 2
Sure get rid of those subsidies I see both taxes and subsidies as market distorters.

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