GM set to announce Chevy Volt pricing
The exact price of arguably GM's most anticipated new vehicle, which goes on sale late this year, has been a closely guarded secret, but the Volt is expected to cost less than $40,000 before a $7,500 tax credit. GM executives hope the Volt will transform the public's perception about GM.
The Volt, which will get up to 40 miles on electric power alone, will have a range of 300 miles on its gasoline engine. The Volt's engine kicks in after its battery is drained by about 70 percent to sustain the battery's remaining charge, which will keep the car running for several hundred miles.
Advertisement
Earlier this month, GM announced an eight-year, 100,000-mile warranty on the Chevrolet Volt's new lithium-ion battery. That's three years longer than GM's standard powertrain warranty.
The vehicle will be sold initially in Michigan, California and Washington, D.C., late this year -- as well as Austin, Texas, and New York City.
Other launch markets -- New Jersey, Connecticut and the rest of Texas -- will begin receiving Volts in early 2011.