It’s here and it’s awesome: the 2011 Chevy Volt

In Technology on January 13, 2011 at 1:33 am

In an earlier blog post, I talked about the future of the auto industry being electric cars. Well, folks, it’s here and it’s awesome: the 2011 Chevy Volt has arrived.

Check out these amazing specs:

  • Runs for 35 miles on a fully charged battery, easily enough for your daily commute
  • Plug it in at night to charge. Charges in 4 hours on a dedicated 240 volt outlet or 10 hours on a standard household outlet
  • The cost of the electricity will be $1.50/day for the average user
  • The onboard gasoline generator and gas tank extend the range of the automobile to 375 miles
  • Equipped with a Bose sound system, built in 30G hard drive for mp3s, a DVR to pause and play live radio, Bluetooth, USB port
  • Volt mobile app – control the car for your smartphone (I’m not kidding!). Check battery level, control charging and start the car
  • Retail price of USD$32,500

Given its reasonable price and practical features, this is a truly viable electric car. If and when electric cars eventually go mainstream, we could see some huge shifts in our economy.

One key shift is a significantly reduced demand for petroleum. This would downsize a huge industry engaged in finding, producing, refining, distributing and retailing petroleum. Also, given a reduced demand, oil prices could fall and take with them high cost production sources such as Canada’s Oil Sands region.

Conversely, there would be a boom in the demand for electricity. This would necessitate increased facilities for power production and elevated demand for sources of power such as coal, nuclear fuel and green power solutions.


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