Chevy Volt plug-in hybrid priced at $40,000

Chevy's Bob Lutz crushed some dreams this morning when he announced that the Volt hybrid electric vehicle will run closer to $40,000 as opposed to the $30,000 he originally implied. To make us feel a little better about that extra $10k, he offered the fact that Chevrolet would be losing money on the first-generation Volt and Congress may offer up at $7,000 tax credit for plug-in hybrids anyway. So, in other words, we should be happy that it's as cheap as $40,000, right? As for the car's release date, 2010 is still looking solid.

[Via Autoblog]