Dan Akerson, chief executive officer of General Motors GM (NYSE:GM), has told his team he wants to increase the amount of electric cars sold by the automaker by three times the current level.
He is looking at the Chevrolet Volt as the immediate means, and in the longer term adding new models which would share similar technology with one another.
His goal is to increase sales as much as four times by the middle of the decade.
Projections going forward are for 2011 sales of the volts to reach 10,000 and for 45,000 to be sold in 2012, reaching as high as 60,000 when the market matures.
The Volt comes with a price tag of $41,000, and to make any significant impact, as with all electric cars, would have to come down in price.
This is more of a marketing gimmick than anything else, as very few consumers want to drive an electric car with the current limitations, such as the ability to travel only 50 miles on the batteries now used in the Volt.
Wednesday, December 22, 2010
GM (NYSE:GM) Wants to Sell Three Times as Many Electric Cars
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3 comments:
You last statement is only accurate if you were driving without any gasoline in the tank. The hybrid aspect of the Volt can increase distance traveled to 375 miles.
http://www.chevrolet.com/volt/?evar3=HP_Promo_Volt_MotorTrend
Concerned you are absolutely correct. Who posted the original news blurb?
Heh... your two posts remind me of the bloggers a year ago who were continuously screaming that GM wouldn't go under and then were screaming that the common stock wouldn't get wiped out. Does it occur to you that this is doesn't look like a very legitimate news site? Why bother arguing with this blogger? Did you two own old GM? I've been watching new GM and trying to determine the right time to short or put, what do you think?
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