General Motors Corp. hopes to begin producing an all-electric car by 2010 that uses technology unveiled in January in its Chevrolet Volt concept car. Vice Chairman Bob Lutz gives the project a 90% chance of actually happening. But he joins other OEMs in cautioning that success and timing will hinge upon the development of low-cost lithium-ion batteries.
The Volt runs on electricity stored in batteries that could be recharged by an onboard engine-generator, fuel cell or by being plugged into the nation’s power grid.
Source: AutoBeat 3/07/07