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Chevy Volt will cost GM $750 milllion

We've heard time and again that it's really expensive to develop a hybrid, electric car or extended-range electric car. Chevy's upcoming Volt not only has a battery large enough to allow an announce range of 40 miles in electric-only mode, but it also uses a brand new engine design that's not used in that exact form in any other platform. You might imagine, then, that the Volt will be even more pricey to design than the average EV. You'd be right. According to the business plan that GM submitted to Congress, the Volt program will cost nearly ... Read more →

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