Since the concept version of the Chevrolet Volt was unveiled earlier this year, GM has been working hard on the production model. The project which is going to cost the automaker at least $500 million is as top of a priority as the new 2008 Chevy Malibu.
The upcoming Volt will be built on the upcoming Delta platform (next generation Cobalt and Astra) and come in two possible configurations. The automaker is reportedly working on a version with a gasoline engine and one with a fuel cell.
Basically the actual introduction date of the car is going to be determined by suppliers. Lutz stated that the release date could be as early as 2010 if suppliers can produce a reliable lithium ion battery.
When the Chevrolet Volt is finally released it will start off as a low volume vehicle, but could eventually become the automaker’s answer to the Toyota Prius. Initially, GM is expecting to not make a profit on the new Volt, but the automaker does hope that it re-establishes GM as a technology leader.
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GM Targets 2010 for Production of the Electric Chevy Volt