General Motors briefly announced the next generation of the Chevrolet Volt plug-in car at the Consumer Electronics Show in Las Vegas. GM said it will unveil the car at the Detroit Auto Show at the end of this month.
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nittogether
How many people are expected to die due to this GM vehicle? How many recalls is this vehicle expected to have. Based on GM's history, how is chompin' at the bit to go out and buy this Government Motors car?
sharkflyt
We all saw this coming. Oil will drop well below $30 mark sooner than expected. The recovery of oil is uncertain and may not return. More than likely 90%of the population in America will be at all electric vehicles by 2025. People aren't preparing for the gigafactory opening up this year which will send gasoline cars packing. Auto dealerships won't be able to give them away. Hybrids have a better chance at survival because they can transition into all electric eventually. They are designing those batteries today and will more than likely be ready by next year. Electric vehicle sales have soared 250% over the last year and even with gasoline prices dropping consumers are not going to fall for big oil tactics and buy suv's. In fact it is the exact opposite.
Steven H
"The Bolt announcement could be seen as a rival to Tesla(TSLA)."
Well, perhaps in a couple of decades.
Tesla, Panasonic, and its other partners are spending $4-5 billion together to create a supply of lithium ion batteries for Tesla equal to the world's total lithium ion battery supply last year (vehicles being just a tiny fraction of where that supply was used). That new supply at Tesla's planned Gigafactory will allow Tesla to make 500K vehicles per year around 2020, or 0.5% of the expected global auto market that year. According to the WSJ, GM has access to a supply of batteries from LG Chem that will allow them to make 20K Bolts... 1/25th of what Tesla is building supply for. Tesla is running to long range EVs at full speed, GM is putting a foot in the water. Perhaps if there's big demand for the Bolt after it's out, GM and/or LG Chem will decide to spend $4-5 billion for a Gigafactory of their own, so GM's long range EVs can take 0.5% of global market share in the mid 2020s when such a plant is fully online... if so, Tesla would only have the other 99.5% of the global market to sell their EVs to.
