At this point any hope of picking up a first-generation
anywhere near the original $30,000 price target will likely come down to what tax incentives may be available at the state and federal level.
has told the
that the first-generation Volt would retail for about $40,000. Even at that level GM won't be generating any profit on the car and likely won't start doing so until at least a second-generation model comes out. Unless automotive industry lobbyists can convince Congress to pass some of the proposed legislation that includes plug-in tax credits on the order of $7,000 for a Volt-type
car, the price
to the consumer is going to be at least one third more than originally envisioned. The combination of high
that are driving consumers away from
regulations will keep pushing GM and other manufacturers towards electrically driven cars.
told the paper he expected one quarter to one half of all
between 2020 and 2025 to be electric with either
as the energy source.