Chevy Volt Could Get 230 Miles Per Gallon

This seems like the kind of thing that could get more people into GM showrooms and help them recapture lost market share, even if most consumers do not purchase the new Chevy Volt, due out in late 2010.

According to an Associated Press story today GM announced that the Chevy Volt rechargeable electric car should get 230 miles per gallon in city driving, more than four times the mileage of the current mileage leader, the Toyota Prius.

From the story:

“The Volt is powered by an electric motor and a battery pack with a 40-mile range. After that, a small internal combustion engine kicks in to generate electricity for a total range of 300 miles. The battery pack can be recharged from a standard home outlet.”

Despite a hefty initial price tag (expectations are ~$40,000), the car could still be cost effective. Why? According to the story, “If a person drives the Volt less than 40 miles, in theory they could go without using gasoline.”

If we want to reduce our use of foreign oil in a meaningful way, this is exactly the kind of innovation that could do it. Not only will less of our money go to the Middle East region, but we will be reducing pollution and Americans will be able to keep more money in their pockets by saving on the cost of gas. Count me as very much looking forward to the launch of more electric cars in the United States.

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6 Thoughts on “Chevy Volt Could Get 230 Miles Per Gallon

  1. Just curious what would be a good play on this kind of technology?


  2. Chad Brand on August 11, 2009 at 12:32 PM said:

    The company making the batteries for the first run of Volts is Korean but there are publicly traded battery companies. My favorite is Energy Conversion Devices (ENER).

  3. This is great news for the environment. This is great for releasing us from our dependence on Middle East and African oil. Which will translate to better security.

  4. Why doesn’t this include the cost of the charging electricity? Yeah, you might find a driving profile that has you using only one gallon of gas, but you will also need to pay for charging the batteries. Yet again, no free lunch.

  5. Daniel on August 12, 2009 at 3:13 PM said:

    Might as well save some money and buy the Nissan Leaf. Yeah, the name’s not as fun and it looks like something you’d expect to see tossed into a French canal, but it also gets higher MPG than the Volt (360-something). So if you can swallow your pride, you can save yourself even more money, all while sticking it to the OPEC man.

    However, for those interested in the Volt, I’d point you at, which gives a pretty balanced analysis of both the criticism and the praise heaped on the Volt.

  6. $40k for a small car, albiet a new one?!

    Not a chance!

    How long will it take for this car to pay off the difference with a standard $10k used (or new!) 25 MPG car?

    And what about the driver’s chances in a collision with the same low MPG, but larger and heavier car?

    I am sorry, but at $40k base pirce it just doesn’t make practical sense.

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