First teaser image of the next generation Volt
GM hopes to reduce its costs to produce the Volt by up to $10,000 with the all-new model

In mid-June, General Motors celebrated an admirable milestone for its Chevrolet Volt — owners had racked up a collective 500 million all-electric miles in their vehicles. For the uninitiated, the Chevy Volt can travel up to 35 miles on battery power alone. Once the battery has depleted to its safe level, a gasoline engine/generator starts up to power the vehicle for another 340 miles.
Tim Mahoney, CMO for Global Chevrolet, noted this week that the Volt represents the “cutting-edge technology that sets Chevy apart.” And despite the fact that sales are down nearly nine percent this year to 10,635 (through July), Mahoney added, “It’s done exactly what it was intended to do. It’s the best-selling plug-in hybrid in the U.S.”
However, GM as high hopes for the second generation model with Mahoney announcing that the all-new Volt will debut at the 2015 Detroit Auto Show in January.
Not much is known about the next generation Volt, although we think that next generation battery technology should allow the Volt to at least crest 50 miles in all-electric mode. We do know that that GM is hoping to reduce its costs to manufacturer the vehicle by $7,000 to $10,000. However, don’t get too exited — that doesn’t necessarily mean that we’ll be seeing a Volt with an MSRP of $24,170 before tax credits/rebates are applied anytime soon.
It would also be nice if GM were able to repackage its battery pack to allow for three-across seating in the backseat. The current generation model has its T-shaped battery pack running down the centerline of the vehicle, nixing the center-seat position.

2016 Chevrolet Volt prototype undergoing road testing [Image Source: Motor Authority]
GM back in April announced its plans to invest $384 million into the Detroit-Hamtramck plant where it built the Volt and Cadillac ELR. $65 million of that total is being devoted to next generation lithium-ion battery packs, while the rest is being spent on retooling for the next generation Volt (and ELR, if it makes it to a second generation).

Sources: GM, Motor Authority

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