Both Motor Trends and Automobile Magazine have named the Chevy Volt “Car of the Year.” The awards have generated quite a bit of controversy, and dissenters range from outraged taxpayers who allege the awards are rigged, to car enthusiasts who fail to see how the Chevy Volt is an improvement on the Prius. Let’s look at the facts, shall we?
Fact #1 – Two years after its $50 billion government bailout, General Motors is making an initial public offering of shares today. Some view the timing of all this positive PR with suspicion – and taxpayers haven’t forgotten that the development and production of the Chevy Volt has largely been done on their dime.
Fact #2 – The Volt ($40,000, or $33,000 after a tax credit) costs almost twice as much as a Prius ($22,000-$27,000) and will likely cost more to insure. Of course if the Volt sells well, that price is likely to come down.
Fact #3 – To circle back to what the experts are saying, reviews of the Chevy Volt thus far have been very good, describing the Volt as comfortable, mainstream, even impressive. If you’re in the market for a hybrid vehicle, you’ll soon be able to judge for yourself – the Chevy Volt goes on sale November 30 at Chevrolet dealerships in California, Connecticut, Michigan, New York, Texas, and Washington, D.C.