Quick background story: The CEO of Tesla, Elon Musk, and David Letterman bashed the Chevy Volt on a previous show. Letterman thought the Volt’s maximum range was 40 miles; it’s not. So GM’s resident bulldog and VP of Product Development, Bob Lutz, went on the show yesterday to set Dave straight. He also revealed that GM’s target price is now $40,000 minus the $7,500 US Government tax credit. That’s a bit of info he wouldn’t reveal to us just two days ago when we drove a Volt test mule. Better hurry up and watch the video after the jump before it gets pulled.
This would be right in line with what most automotive magazines have been estimating for a number of months, so this confirms it.
He flat-out lied about what happened with the EV-1, though.
Says the expert….
Agreed the EV-1 lie was a coverup Ever watched Who killed the electric car ? Great watch.