GM Could Build 60,000 Volt Electric Cars in First Year
General Motors Corp. may build as many as 60,000 of its Volt electric cars for their inaugural year on the market, four times the sales of Toyota Motor Corp.'s hybrid Prius in its U.S. debut, people with knowledge of GM's plans said.
Production at that level may allow GM to sell the plug-in Volt for less than $30,000, said the people, who didn't want to be identified because the plans are confidential. The discussions show the Detroit automaker, racked by losses and U.S. sales declines, believes an affordable electric car will help spur a revival, the people said. Toyota's Prius can be bought for $22,175.
``If they were able to get 30,000 to 60,000 on the road in a year, it would be a huge leap in technology,' said Brett Smith, an alternative-fuel analyst at the Center for Automotive Research in Ann Arbor, Michigan. ``It will be difficult, though, because there are so many barriers to making this happen.'
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