General Motors is ramping up the Chevy Volt

General Motors logoVenture capital is flowing, engineers are chomping at the bit and layman sources claim that mechanical components of the Chevy Volt are already being road tested on the streets of Detroit. General Motors (NYSE: GM) is not letting anything get in the way of its plans to place a successful electric car on the streets of America and the world by 2010. A report by RedHerring outlines the broad and powerful collection of top tier companies which are coming together to help GM bring its mission to fruition.

Two new research projects targeted towards electric car development were recently announced by General Electric (NYSE: GE) and are specifically geared towards the needs of the Chevy Volt. GE has been asked to design high density electric capacitors and hybrid drive train components in pursuit of our first generation of truly plug-in electric cars. It would seem that GM, GE and the Department of Energy are not willing to settle for an automobile with simple hybrid status. The goal would appear to be full blown electric automobiles at a price within reach of the public. Once the car is built, add the current advances in solar technology and you'll have an automobile that can be charged from a solar powered battery array at home.


Given the fact that Eaton Corp. (NYSE: ETN) has designed hybrid drive trains which are already making a successful showing under the banner of United Parcel Service (NYSE: UPS) and which may be capable of reaping energy savings of as much as 40% compared to conventional vehicles, it shouldn't be too difficult for General Electric to take the energy transference technologies, which it successfully built into locomotives, and adapt similar concepts to the humble automobile.

This entire scenario shines with the "don't tell us it can't be done" attitude, which is endearing General Motors to an American public desperately in need of a new industrial hero. I for one won't even need GM to have 100% success with the Chevy Volt in order for me to be proud of the company. General Motors has shown me a level of guts, class and determination that I have seen coming from very few American manufacturers for quite some time.
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