GE purchases 12,000 Chevrolet Volts from GM

Wednesday, November 17, 2010

Big news for the Chevrolet Volt a few days ago as GE has decided to purchase a full 12,000 of them. At full price ($41,000) that works out to almost half a billion in sales, though of course they paid less per unit than that (though they did not say how much). The amount GM spent to develop the new technology for the Volt was around $1 billion, so it shouldn't take long before they fully recoup this investment. Reviews for the Volt continue to be almost entirely positive, and today it was named Motor Trend Car of the Year.

I really do think people are going to eventually see their cars the way they see their cellphones or netbooks, as something they use during the day and plug in at night. Until range gets up to about 400 - 600 km for full electric, the Volt will be the way to go for those that want the ability to almost entirely avoid going to the gas station but without range anxiety.

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