The new Volt, which arrives as a 2016 model and is based around General Motors Company’s [NYSE:GM] new D2XX compact car platform, will feature a second-generation Voltec extended-range electric powertrain. The battery has a higher density, the dual electric motors are more efficient, and a new-generation 1.5-liter Ecotec engine used as the range-extender.
2016 Chevrolet Volt powertrain
This engine will be used primarily to charge a lithium-ion battery, but, as we saw with the current model, the engine may also drive the wheels during high-load situations. The all-electric range of the new Volt should match the 40 miles of the current model, though we’ve heard on several occasions that this figure may be increased to help lure customers from Nissan and Tesla Motors [NSDQ:TSLA], whose electric cars have ranges that well exceed the Volt’s. Note, GM is also planning a pure-electric car with an approximate 200-mile range to take on Tesla’s upcoming ‘Gen 3’ sedan.
One thing that won’t be increasing is the price, which may even come in lower than the $35k starting price of the current model; departed GM CEO Dan Akerson has said a number of times that the goal for the next model was to take approximately $10k out of the cost of producing a Volt, which remains a money-losing venture for GM. The good news is that the new Volt will still qualify for a $7,500 federal income-tax credit plus various state and local incentives.
2016 Chevrolet Volt sneak peak for owners, Los Angeles, Nov 2014
To help reduce the cost of producing the new Volt, the car is expected to share a greater number of parts with its 2016 Chevrolet Cruze platform-mate. Production will continue at the current model’s Detroit-Hamtramck plant.
A debut for the new Volt is expected to take place at the 2015 Detroit Auto Show next January. Sales should commence in the fall of that year, making the car a 2016 model.