Even though the Obama administration's auto task force called the Volt too expensive, the task force will not block GM from bringing it to market. The Chevrolet Volt's green initiative outweighs concerns about the vehicle's expense.
The Volt's future was questioned in a report from task force that said the government-supported automaker's recovery plan was insufficient. The report said "While the Chevy Volt holds promise, it will likely be too expensive to be commercially successful in the short-term."
GM hasn't given an official price for the Volt. The price will greatly depend on the tax breaks that GM is banking on in order to make the vehicle competitive with hybrids already on the market. Right now the price is estimated at $30,000 to $40,000. To compare, Honda's new Insight starts at $20,470 and the 2010 Toyota Prius had been expected to start around $24,000 and the price may drop before the car goes on sale in the U.S. next month.
However, concerns about the car's price have been offset by the belief that GM needs more fuel-efficient vehicles to succeed in the long term. While it may seem that the company's problems will cause further delays, GM believes this is not the case. The company said yesterday it still plans on delivering the car to showrooms in November of 2010.