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General Motors is cutting the price of its Chevrolet Volt extended-range electric vehicle by $5,000 for the 2014 model year in the hopes of driving sales higher, even though the company already loses money on every Volt it sells.

Any attempt to establish a plug-in vehicle segment in the U.S. could fail unless the government steps up to the plate, says Rodney O'Neal, chief executive officer of Delphi Automotive. O'Neal claims that vehicle cost, limited range and the lack of a reliable electrical grid could hinder the adoption of plug-in automobiles.

Coda Sedan – Click above for high-res image gallery

The two biggest issues around the subject of electric cars are probably the real-world range capabilities and the up-front cost. A reader pinged us today with the following question:

At an Automotive Press Association meeting this week, the Boston Consulting Group (BCG) released the results of a new cost study on battery electric vehicles and it doesn't look good for electric vehicle fans. BCG thinks it is unlikely that the cost of batteries will drop nearly enough to make EVs price competitive with internal combustion vehicles in the next decade without continued tax incentives. The current $7,500 federal tax break for plug-in buyers is unlikely to still be in place by 2020

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