GM Not Expecting Any Profit From First-Gen Chevy Volt
Thursday, June 19th, 2008
Bob Lutz from Chevy told reporters that the new Chevy Volt hybrid-electric series will cost around $40,000 – which is more than $10,000 more than the original model. He went on to say that this first generation of the Volt will bring in absolutely no revenue for General Motors.
There’s still hope for buyers who were hoping to snag a Volt closer to $30,000, as potential tax incentives on state and federal levels could trim the price substantially. Congress is currently considering proposed legislation for plug-in hybrid tax credits on the order of around $7,000. Still, there’s no telling what demand there will be for the Volt, and if it’s higher than the supply, we could see markups on GM’s high-tech hybrid from dealers who are trying to survive this transition from a market dominated by profitable trucks and SUVs to smaller, fuel-efficient vehicles.
According to Lutz, however, cars like the Volt are the way of the future, and GM’s car czar expects that between 2020 and 2025 a quarter to a half of all vehicles sold will be either electric- or hydrogen-powered.
If you were interested in GM Not Expecting Any Profit From First-Gen Chevy Volt, you may also enjoy reading these related past posts:
- Chevy Volt To Appear In Transformers II
- GM Promises Chevy Volt To Arrive On Time
- GM Employees Get Sneak Peek At Chevy Volt
June 19th, 2008 at 3:12 pm
Well, they haven’t turned a profit in years, why should the Volt be any different? If they can’t make money on a car that gets 640 miles on a full tank (http://www.chevy-volt.net) I fear they can’t make any money at all….PERIOD!
June 19th, 2008 at 7:10 pm
Chevy Volt for 2010 but will cost $40,000
Chevrolet is going ahead with it’s production of the ‘Volt’ hybrid-electric vehicle with an estimated market date of 2010.
Coolsupercars.com notes that the Chevy Volt is to now cost $40,000, $10,000 more than originally announced. Fur…