> Later, [GM] found some success with the Chevy Volt, a plug-in hybrid that runs on electric power but also has a backup gas engine. The car was too expensive, though... As a happy Volt owner (I've yet to met one who didn't love theirs), I can't help but wonder if "expensive" is code for "lost service revenue because the thing is too dang low maintenance and reliable". ;)
> "While it was a financial loser, it did what was intended," said retired GM Vice Chairman Bob Lutz, who shepherded the Volt into production. "We viewed it as a stepping stone to full electrics, which were totally out of reach due to the then-astronomical cost of lithium-ion batteries."
> GM needed to stop making it due in part to changing consumer preferences for SUVs, he said. The company also lost money on every Volt, cash that is needed for research on autonomous vehicles and more advanced electric cars, he said.