The 2011 Chevrolet Volt Released In December 2010

General Motors is seeking to regain its hold in the auto industry by introducing a plug-in hybrid electric vehicle known as the Chevrolet Volt. Launched in December 2010 as a 2011 model, it was first offered at a retail price of $41,000.00 before factory incentives, tax deductions and other subsidies. It is also available through a lease program consisting of 36 monthly payments of US $350.00 plus $2,500.00 at lease signing and an option to buy at the end of the lease term. At least seven regions were included in the initial launch area with nationwide availability expected to happen within 12 to 18 months.

The makers of Volt refer to it as an Extended Range Electric Vehicle because of the vehicle's range-extending gasoline powered internal combustion engine. General Motors purposely avoids the term "hybrid" to describe the Volt. However, industry experts see it as a plug-in series hybrid because the internal combustion engine and electric motor is combined in a series rather than parallel.

The 2011 Chevrolet Volt Released In December 2010