General Motors have gone a long way from proposing a plug-in concept and actually getting the Chevrolet Volt into production. Bob Lutz initially projected a for it to be a very competitive green car with a target SRP of $30,000 but GM has recently announced that the price will get a 10K bump and would most likely to be available at $40,000.

Lutz also mentioned that even at $40,000, GM would most likely not drive a profit with the Volt but is expected to pave the way for the plug-in vehicle market. Still, IMHO, at $40,000, you have to one rich environmentalist to be able to afford it. The readily available Toyota Prius can be had for just under $25,000. Still, who knows how much a gallon of gas will be in 2010 - the expected availability of the Volt.

GM is fairly confident that the Volt will challenge its Asian competitors, declaring the brave statement, “for the first time, our well-thought-of Asian competitors will be left in the dust.”

Source: Leftlane News