Who said American automotive innovation is over?!
For its 100th anniversary, not to mention the lagging sales in the traditional auto markets, General Motors is introducing the first mass produced electric car, the Chevrolet Volt.
Let’s looks at both the drawbacks and the advantages of the Volt over existing cars. First, the drawbacks: The car still requires gasoline for long trips. For the first 40 miles, the trip is solely battery powered, but for greater distances, a small gas engine recharges the batteries. Since the ultimate moving force behind the car is electricity, this is still considered a true electric car, and not a hybrid. The overall distance a Volt can cover is a respectable 300+ miles.
Also, the price for the Volt is not yet known. Another electric car called Tesla, which is actually a limited production sports car, costs $100,000. It is highly unlikely that the Volt would cost this much, but estimates range from $30,000-$50,000, which still wouldn’t make it an overnight success in Chevy dealerships.
It is important to note that if electric cars do become hugely successful at some point, it is logical to assume that this would result in significant demand on the electric grid. With all the talk about global warming, pollution, and energy security, it is conceivable that this would provide additional push for alternative sources of energy to become commonplace.
The benefits: The Volt can reach a top speed of 100 MPH, which is respectable, considering most drivers never reach anywhere near that speed in a traditional car. The Volt also seats a family of 4 comfortably, so gone is the idea of a golf cart-type new age vehicle. Additionally, the interior is slick and, being part of a new technology, cutting edge.
Notably, charging the car at home is done via a normal electric cord, thus achieving a zero learning curve for the consumer.
The car is intended for practical drivers that are environmentally conscious and people that are willing to give the American car another chance vs. the successful import hybrids. Once the car becomes available in 2010, let’s see if this innovation indeed returns a lasting spotlight to the American automobile…