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Welcome back happy -- everyone well earlier we heard from the Tesla executive in charge of preparing government help for the fledgling automaker General Motors of course has there Chevy volts at the other end of the pricing market.
But -- piece titled will GM kill its electric car fourth asked.
New technology usually goes on luxury vehicles first GM chose to make its electric -- -- Chevrolet.
Was that why well let's find out and BM itself.
We cannot -- after the company vice president -- -- -- get -- so much for joining us for happy hour.
-- great to be with -- -- -- thanks so let me get your reaction unit did you hear the interview that we had Whitney at Akron Tesla Motors.
Yes -- did and I I think you know they've got a very unique.
You know business proposition that they're offering a Tesla I don't think they inspired the -- though I don't know where that.
Information came from -- inspire the ball we've we've had this and in the works for quite some time -- were the only.
Major manufacturer that is gonna have to offer an extended range electric vehicle by the end of next year.
-- you know yeah I agree with you wholeheartedly I remember you guys talking -- talk about the -- coming out the problem is.
I remembered 2007.
To dictate to be rolled out LA I remember it always to be rolled out -- not -- you were their first.
The promise what are we really gonna see a Chevy Volt out on the street.
We are going to begin producing -- as we have said from the beginning in November 4 2010.
So we we -- gonna have the first volts built at that time that's what we've said from the beginning in and we're gonna obviously out of that commitment.
I've -- -- paper I got to ask I was actually did go out drive the tussle a little -- welfare subsidize companies car.
Today and of course you guys are very welfare subsidized yourself.
He -- through the business model for the ball to my gonna have to keep plowing tens of billions of dollars in order for you to.
Get your own paycheck.
Actually cleared every month for the next year and a half.
As you guys -- all looked at this thing how does it ever going to make you any money walking through the model I don't buy it.
Yes it will it it definitely will make money and and and by the way you know we're not gonna announce pricing on on today's program -- still.
Working out the pricing and that'll be.
Impacted by the economic conditions at time but I can tell you this it's going to be a heck of a lot less than a 109000.
Dollars and it's.
-- it's a tremendous technology.
For consumers to be able to drive.
Forty miles without using a drop of gas it and they won't have range anxiety that you get with some electric vehicles -- -- go to the you know the small gas engine -- little power the vehicle from there.
Obviously we're gonna start out slowly with the vehicle we're gonna launch -- in some select markets and we'll have some announcements about that shortly.
There are a lot of of state governments city governments who are dying to have a spring -- -- to their cities.
-- -- echoed everyone's rushing to get the vaulted -- -- the problem is what happens when is that what if you have a million cars on the road here in New York -- you have no.
Ability to charge these cars be electric beat the big power grid right now besides you're already let alone putting two -- three million cars and.
That's why we have there's a lot of logistics involved with doing this but.
Obviously this is the next wave it in this industry and the electrification of the -- -- -- -- -- I don't think there's anything more important.
That we can be focusing our have our efforts on.
Yeah I have to -- questions.
Sure from the consumer point of view the first one is.
If I plug -- -- at home to charge it.
Is it going to start circuit everything because my blow -- does that look but and it -- come up.
It's his program for all of that in the second one bit if I.
No -- reading it next year Sutton and I go into labor well my car is charging up how I gonna get to the hospital -- it's still charging -- Well that's an that's an easy answer on that -- the second question because.
Remember your vehicle will run on a -- motor that the ball runs primarily on electricity.
That's powered secondarily.
-- guessing you would always be able to drive your volt.
At any time in terms of the plugs it will work -- -- 120 household outlet.
But we prefer and I think the charging time will be less if it's -- 240 outlet so that'll have to be installed and that's something we're gonna help.
Our consumer -- when we bring -- market.
Thank you need protection joining us today.
Thank you it's great to be with you on the show we're excited about all the great stuff going on at that at Chevrolet you come when you're -- --
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