And this is not a rumor. Bob Lutz himself confirmed that the first fully operational Chevy Volt protptype has hit the road!

But this is only the proof that the concept car exist! But, on the other hand, the mule has all of the basic components the final Chevy Volt will although in rough form, now most importantly including the full 16 kWh 40+ mile range lithium-ion battery pack. So, this means the car is on its way! It will be unveiled in two years.

Here’s what Lutz had to say: "The only things that were wrong with the EV1 (GM’s first electric car) was that it was way too expensive to make; it was only a two-passenger; and the battery technology was not ready," Lutz said. "It was a noble effort, but it was a technological force job and at a time when nobody cared. We could not find more than 800 buyers for that thing no matter how hard we tried or no matter how much we dropped the price. Finally we had to lease them out."

"We’ve got the first car running (with lithium-ion batteries) ... and what the guys get on ’sightings’ is a picture of an old Malibu with black wheels and a very long extension cord," he said chuckling at the thought. We have gasoline and 350 to 400 volts (of electricity) in the same vehicle and we have to be careful about it," he said.


Source: GM Volt

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