Hybrid Car Price Wars
“Chevy Volt will sell for $41,000 before a federal tax credit, while the Nissan Leaf will go for $32,780 before the credit. The two cars are trying to jump-start the US electric-car industry.”
The emergence of a new clean-car industry could mean more than getting commuters to work with less gasoline, reports The Christian Science Monitor: “A lot is riding on the Volt’s success, both for GM and the US auto industry, Mr. Hendricks says. The Volt is the first entry by an American manufacturer in what is becoming a global race to get electrified vehicles to market. China is moving fast in this direction. The Volt also represents the fondest hopes of ‘green hawks’—national-security mavens eager for America to reduce its reliance on imported oil—as well as climate-concerned environmentalists.”
