General Motors vice chairman Bob Lutz recently told several news agencies that he expects GM to lose money on the Chevy Volt. He also said that hybrids and EVs won’t pass a 10% market share before 2020.
“GM will lose money on hybrids,” Lutz said, according to the web site GM-volt.com, as well as several news agencies. “We will continue to build them – they are required by (Corporate Average Fuel Economy regulations) – and the cost will be spread across other cars.”
Lutz told the web site that his comment was aimed at conventional hybrids, pure EVs, and plug-in hybrids, such as the Chevy Volt. He also said that GM plans to build 8,000 to 10,000 Volts by the end of 2011, increasing to as many as 60,000 units per year if the market demands it.
Tesla Motors plans to roll out a “compelling, affordable electric car” that will sell for about half the price of its high-profile Model S by the end of 2016, company chairman Elon Musk said last week.
From Dell / Intel® New Paradigms in Design Work Scott Hamilton, vertical market strategist for Dell Precision workstations, 5/2/2013 5
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