GM Hopes Volt Will Jolt the Market

'At one point in time, we needed high-strength steel. At another point, we needed microcircuits,' GM North American President Troy Clarke said. 'Now we need batteries. That's where we have to put our intellectual capital.'

Published: 10-Jan-2007

At the North American International Auto Show in Detroit this week, General Motors Corp. unveiled the Chevrolet Volt, an electric hybrid vehicle GM believes will help shift the United States toward energy independence as early as 2010.

An average driver could save an estimated about 1.9 kiloliters of gasoline a year, reducing carbon dioxide emissions by 4.4 metric tons over the same period, according to the Volt development team at General Motors.

Run on a lithium-ion battery, the Volt is charged by plugging it into an ordinary household outlet for about six hours a day. Topped up, the battery delivers about 60 city kilometers of electric-only driving.

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