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Next-generation Volt could cost as much as $10,000 less to produce

In the world of electric and plug-in hybrid vehicles, the Chevrolet Volt has been the most high-profile entry aimed at consumers. However, the biggest problem for GM when it comes to the current Volt is that the vehicle isn't profitable.

"This car, on a technology scale, is off the charts vs. what you [have] seen," said GM CEO Dan Akerson, who owns one personally. "We've sold about 26,500 of them [and] we're losing money on every one."

Akerson says that the loss GM takes on every Volt that it sales will soon come to an end. The automaker has significant improvement planned for the second-generation vehicle, including making it lighter. Less weight means that the electric driving range can be made extended without adding larger battery packs -- the battery pack on the current generation Volt battery weighs 400 pounds alone.

According to Akerson, GM believes that the cost to build the Volt can be reduced in the range of $7,000 to $10,000 on the second-generation model. That doesn't necessarily mean buyers will see a discount, but it will mean GM doesn't take a loss on each vehicle it sells.

The current Volt has proven to be a hit with owners, as many are claiming they can go as far as 900 miles between fill ups.

Source: Fortune

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Great News!
By CaedenV on 5/3/2013 12:34:20 PM , Rating: 3
I will personally never buy a GM car, but it is good to hear that there is another viable all electric car that will be on the market. I will be in the all electric car market in a year or two, and I am really excited to see some all electric cars that are going to be cheap(er), profitable, and actually available for purchase. All I am looking for is a glorified roadworthy golf cart with a 80mi range to get me to and from the office.
I don't need a lot of bells and whistles; Just a cheap low maintenance electric car that costs me $1 a day to drive instead of the current $4-5. I'll keep a gas car around for moving the family around, but there is no need for me to get to work and back in something worthy of long road trips.

RE: Great News!
By Dr of crap on 5/3/2013 12:45:53 PM , Rating: 1
Then I guess the VOlt is NOT want you want. It is a luxury car and costs like one as well.
If you wanted basic EV transport LIKE a golfcart, the China car that just declared bankruptcy is the one your looking for!

RE: Great News!
By FITCamaro on 5/3/13, Rating: 0
RE: Great News!
By Richard875yh5 on 5/5/2013 7:51:16 AM , Rating: 2
So you'll never buy a GM car. That sounds childish. I bet you would if they made the best and cheapest of what you want. For your information, GM makes some of the best cars in the world and the amount of them is counting.

Good luck with whatever you buy and be a little more realistic.

"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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