The Chevrolet Volt is part of a new line of vehicles that General Motors is expected to release by next year. What is particularly remarkable about this gas-electric hybrid is that it is expected to get nearly 230 MPGs in the city with a range of 40 miles before requiring a recharge. These vehicles can be charged using an ordinary outlet and do not require a special charging station.

The Volt is expected to carry a price tag of around $40,000 and will come with a nice $7,500 tax credit. The tax incentive in addition to the savings on fuel will hopefully drum up some much needed sales for General Motors in addition to improving their “green image”. GM is not expected to make a profit on these new vehicles at first because of their high production cost from product development and batteries. They are anticipating high sales make up for the initial loss.

The Volt is only a part of General Motors pan to turn the troubled company around.  GM is expected to release 20 new vehicles in the upcoming two years.