How much does it cost to build a Chevy Volt?

Based on the search results, the cost to build a Chevy Volt is a topic of debate and there are varying estimates. However, it is generally agreed that the cost to build a Chevy Volt is higher than its selling price. According to industry insiders and manufacturing experts, General Motors is estimated to be losing upwards of $49,000 per Volt.
Bob Lutz, former Vice Chairman of General Motors, suggests that the electronic aspects of the car make up around $10,000 of the production costs, with an additional $1,000 in labor costs for assembly. This leaves around $26,000 to produce the rest of the car, which is more than the selling price of a Chevy Cruze. However, it’s important to note that if the rest of the car cost that much to build, Chevy would be losing money on the Cruze as well, which is not the case.
It’s worth mentioning that these estimates are from 2012 and the cost dynamics may have changed since then. Additionally, the actual cost to build a Chevy Volt has not been officially disclosed by General Motors.
Please note that the information provided is based on the search results and may not reflect the current cost to build a Chevy Volt.

What is the life expectancy of the battery in the Chevy Volt?

The Chevy Volt is equipped with a hybrid high voltage battery, and these types of batteries typically last, on average, about 6-10 years. On the flip side, batteries in conventional, gas-powered vehicles only last about 3-5 years.

Why is GM discontinuing the Volt?

According to GM Authority, the Volt’s sales numbers were down below 21,000 units annually by 2018, making it unprofitable. Another reason was that the company wanted to focus on pure EV production, especially as it was already selling the all-electric Chevy Bolt EV.

How long does a Chevy Volt last?

200,000 to 300,000 miles
“With proper use and maintenance, a Chevrolet Volt can last 200,000 to 300,000 miles before you experience any major issues with the hybrid powertrain and other expensive components. If you drive an average of 15,000 miles per year, the car may serve you for about 13 to 20 years.”

How much did Chevy lose on the Volt?

$49,000
Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM on Monday issued a statement disputing the estimates.

Why do Chevy volts depreciate so much?

The reason why those cars lose there resale value quickly is because they kill you when they need repairs which is similar to the Volt but the Volt not only has high repair costs, they also have a huge parts availability problem. Just imagine how much worse this will be each year..

How many miles per gallon does a Chevy Volt get?

42 mpg‑US
The gains in efficiency allow the second generation Volt to improve its combined fuel economy in gasoline-only (charge-sustaining) mode to 42 mpg‑US (5.6 L/100 km; 50 mpg‑imp), up from 37 mpg‑US (6.4 L/100 km; 44 mpg‑imp) for the previous model.

How much does it cost to make a Chevy Volt?

“But that probably isn’t a good thing for the automaker’s bottom line.” Even though the environmentally friendly Volt’s base price is about $40,000, says Reuters, production costs per vehicle run a stratospheric $89,000 — given the car’s pricey lithium-polymer batteries, hybrid gas-electric engine, and next-age …

What is the lifespan of a Chevy Volt?

200,000 to 300,000 miles
“With proper use and maintenance, a Chevrolet Volt can last 200,000 to 300,000 miles before you experience any major issues with the hybrid powertrain and other expensive components. If you drive an average of 15,000 miles per year, the car may serve you for about 13 to 20 years.”

Do Chevy Volts have a lot of problems?

According to thedrive.com, here are a few of the most common troubles in the Chevy Volt: Electrical issues. Loss of power steering. Transmission failure.

How long will a Chevy Volt last?

200,000 to 300,000 miles
“With proper use and maintenance, a Chevrolet Volt can last 200,000 to 300,000 miles before you experience any major issues with the hybrid powertrain and other expensive components. If you drive an average of 15,000 miles per year, the car may serve you for about 13 to 20 years.”