GM's Volt: Will It Save You Money?

General Motors' upcoming plug-in hybrid, the Chevrolet Volt, at this juncture appears to be priced at a level that guarantees it will not be a game-changer -- which says something about the state of electric-car technology, or at least the technology's deployment, as of early 2010.

GM plans to sell the car for about $40,000, not including a $7,500 tax credit, and at that price level it remains to be seen whether enough consumers will purchase the car for its more-fuel-efficient transportation technology, if not its more-efficient economics.
The Volt, which plugs into any standard home electric outlet, will enable a driver to travel a maximum of 40 miles on electric power before needing a recharge from an outlet or from the car's built-in, range-extending gas generator. Will the car save you money in total transportation costs in the long run? Carnegie Mellon University found that, at current gas prices ($3 per gallon), the Volt won't: a lifetime savings of $4,875 or not enough to justify the Volt's higher sticker price, spectrum.ieee.org reported.

Energy Analysis: Of course, there will be those who opt to purchase the car due to its decreased consumption of gasoline alone, but significant questions remain. The chief of which is: How is it that after more than 30 years of research dedicated to battery technology, U.S./Europe/Japan auto makers still don't have a vehicle battery of reasonable size and cost that lasts at least 100 miles (160 kilometers)?

Also, why is it that auto manufacturers have not done more with composites and other materials to reduce vehicle weight, a major factor in fuel/energy consumption? It seems like the West, and in particular the U.S., has been in a state of suspended animation regarding vehicle weight -- with cars basically weighing the same amount that they did a decade ago -- and that's hardly a practice that makes energy-conservation sense.
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