General Motors, which loses money on every Chevrolet Volt it sells, wants to cut as much as $10,000 per car from the model's production cost to make the next generation of the plug-in hybrid more affordable and profitable. GM aims to do this without removing any existing features and plans to introduce a new version in 2015 or 2016. The Volt, which starts at $39,145 before a $7,500 U.S. tax credit and has fallen behind sales targets, is central to GM's goal of having about 500,000 vehicles powered by electricity on the road by 2017.
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