Chevy Volt: 230 MPG!

GM has announced that its new Chevy Volt electric car should get about 230 mpg in city driving.

The new Chevy Volt is now at the forefront of Government, er, General Motors' efforts to breathe new life into a brand that has ceded market share in the USA, with 25 new cars due to be debuted between now and 2011.

At that mpg rating, the Volt would obliterate any competition, even the Toyota Prius. It should also help GM bolster it's new, greener image, a key component of the auto firm's restructuring initiative.

The Chevy Volt is set to launch next year, and the new mileage rating reflects new guidelines set by the EPA for electric cars.

GM's CEO Fritz Henderson stated at a media event the auto maker is still on track to have positive net cash-flow in 2010 and should be posting a net profit by the year 2011.

The Chevy Volt price is expected to be around $40,000 with buyers eligible for a $7,500 tax credit.

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• Chevy Volt to get 230 mpg rating (money.cnn.com)
• Volt to get 100km per litre (thestar.com)
• Hybrid Vehicles Failing to Produce Environmental Benefits (simplygreen.co.za)
• Prius will plug-in by 2010 (jcwinnie.biz)
• Hybrid rebates ineffective, study finds (cbc.ca)

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