The New Plug-in Hybrid Volt Unveiled by GM

January 23, 2015

'14_Chevrolet_Volt_(MIAS_'14)A new version of the Chevrolet Volt plug-in hybrid was unveiled by GM amidst the increase in gas prices and shrinking of the number of people interested in fuel-sipping vehicles. For most of this past year, cheap gas prices have been a big break for not only GM, but its competitors also. Detroit saw major profits increase with pickups and sport utility car sales. Although GM and other big companies are relying of a new technology that will not only satisfy regulators, but also prepare for future sales, consumers have shown a great interest in SUVs.

An independent car consultant in Connecticut, Maryann Keller, has said that with some places selling gasoline below 2 dollar per gallon, consumers may still not be interested. She claims that the Volt is a costly vehicle that fails to deliver a great value for its consumers. However, the Volt model that debuted on Monday at the Auto Show in Detroit can cover up to 50 miles when charged once. This is in comparison with the current version that can only cover 38 miles prior to recharging the battery with the gasoline engine. The car covers an average of 41 mpg if the battery is run down and the driver chooses to use a tank full of gas.

Another model that was introduced by GM at the Detroit Auto Show is the new Chevrolet Bolt EV version, whose price tag is estimated at $30,000 dollars. The car is fully electric and has a range exceeding 200 miles. The model will be put on sale by the year 2017, according to GM. With respect to the profit outlook, the production cost of Volt was cut by about $10,000. In this way, the vehicle would be more profitable. Plug-in hybrid cars such as Volt can go for long distances using electricity owed to the fact that their battery is larger in size compared to that of conventional hybrids. To use less gas and get more electric drive, drivers recharge their cars by plugging them in.

The long-term plans of GM revolve around meeting the future rules and regulations. Short-term plans will entail trying to meet the needs of consumers. The automaker also has plans of making key developments with the Volt, as well as other models. Chevy as a brand has been better known for Camaros and Corvettes that are tire-screeching rather than efficient technology. The Volt has given the Chevy brand a huge boost.

 

Filed under: Electric Cars,hybrid cars

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