General Motors still has not announced pricing for the Chevrolet Volt, but there are indications that cost might come in lower than originally anticipated.
Micky Bly, director of electric vehicle programs at GM, told an audience at last week’s Green Car Conference that prices for some of the Volt’s key components might be lower than expected.
“We’re seeing significant downward cost pressure on these suppliers,” Bly said. He added that in some cases, the price reductions are about three to five years ahead of GM’s expectations.
Still, to make the Volt and other battery-electric vehicles viable, Bly said the industry needs to do more.
“We have to drive the technology costs down,” Bly said.
Prabhakar Patel, CEO of Compact Power, agreed, saying at the conference that the fledgling battery electric vehicle industry should not count on government incentives for more than four to five years.