General Motors to launch new electric car... The VoltOn Tuesday, the General Motors Corporation announced its Chevrolet Volt electric car will reach fuel economies of 230 miles per gallon with in town driving. The Volt has yet to be tested by federal regulators, but, if this estimate proves to be accurate, it will be the first American car with a fuel economy of over 100 miles per gallon.
If all goes as planned, the Volt will roll into showrooms in late 2010 but it will come with a hefty price tag; initial pricing estimates put the Volt at around $40,000. GM has stated that consumers can receive government tax credits of up to $7,500. They profess that the credits combined with fuel savings make it a very affordable vehicle.
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