The final version of the Chevrolet Volt electric car was presented today at the Los Angeles Auto Show. At the even GM announced that the electric sedan will be available late next year in California with other lead markets to be named later. Production will begin in 2010 and will cost $41,000 before federal and state tax incentives. While the sticker price is rather high, the lease deal seems to be the best choice. Buyers can lease their very own electric Volt for $350 per month for 36 months. That is the exact same payment that Nissan is asking for with the Leaf EV.

2011 Chevrolet Volt
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The Chevrolet Volt is designed to drive up to 40 miles on electricity without using gasoline or producing tailpipe emissions. When the Volt’s lithium-ion battery runs low, an engine/generator seamlessly operates to extend the total driving range to more than 300 miles before refueling or stopping to recharge the battery. One thing to remember while you are at the pump; this little baby has to be filled with premium gasoline.

Also, the Volt’s exterior color has an official name: Viridian Joule, a name suggested by David Thomas, 40, of Sanford, Fla.

UPDATE 07/22/2010: Chevrolet has taken the Volt on its first cross country trip! Check out the video above!

UPDATE 07/27/2010: This article has been updated to show the price that has just been released for the Volt.

UPDATE 07/28/2010: Chevrolet is highlighting the value of the Volt in the video above. Check it out!

UPDATE 10/16/2010: Motortrend has tested the Chevrolet Volt and has gotten some tremendous results! On their first trip, the hybrid got them 127mpg while traveling along the street and highways of Los Angeles. On their second trip, the guys over at Motortrend drove the heck out of the Volt at its top speed and were able to get 75mpg proving that the Volt is one efficient vehicle!

Press release after the jump.

Press release

Chevrolet announced today at the Los Angeles International Auto Show that the Volt electric vehicle with extended-range capability will be available late next year in California – the nation’s largest new-car market – with other lead markets to be named later.

2011 Chevrolet Volt
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Chevrolet is also partnering with three California utilities and the Electric Power Research Institute (EPRI) as part of an extended, real-world demonstration and research program to introduce customers to electric vehicles, advance vehicle electrification and establish vehicle charging programs to pave the way for consumers. General Motors is leading the program with a grant of more than $30 million in American Recovery and Reinvestment Act funds from the Transportation Electrification Initiative administered by the U.S. Department of Energy.

“It is natural that California is the lead market for Volt. Not only is it the largest automotive market, Californians are known to be leaders in adopting groundbreaking new technologies,” said Brent Dewar, GM vice president, Global Chevrolet Brand.

2011 Chevrolet Volt
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Volt production is scheduled to begin in late 2010. Pricing has not been announced. The initial Volt launch markets, including California, will play a vital role in validating the retail market readiness for electric vehicles. GM is working with key utilities across North America to prepare each regional market in advance of the retail market deployment.

Three California utilities participating in the demonstration project are Pacific Gas and Electric, Southern California Edison and Sacramento Municipal Utility District. They join EPRI, an independent, nonprofit research organization based in Palo Alto, Calif., and seven other utilities in the project. EPRI’s utility members represent more than 90 percent of the electricity generated and delivered in the United States.

2011 Chevrolet Volt
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As part of the research and demonstration program, Chevrolet will deliver more than 100 Volts to program participants to use in their fleets for two years. Chevrolet will also utilize OnStar telematics technology to collect vehicle performance data and driver feedback that will be reported to the DOE and used to improve customers’ experiences with the new technology.

Because the Volt is designed to conveniently charge anywhere, the program also includes installing more than 500 charging stations for residential, business and public use. The charging stations will be used to learn more about the installation, the vehicle charging process and to gain customer feedback on the experience.

The Chevrolet Volt is designed to drive up to 40 miles on electricity without using gasoline or producing tailpipe emissions. When the Volt’s lithium-ion battery runs low, an engine/generator seamlessly operates to extend the total driving range to more than 300 miles before refueling or stopping to recharge the battery.

2011 Chevrolet Volt
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The Volt is more than its advanced electric propulsion system. With technology beyond the battery, the Volt takes personalization, feedback and interaction to new levels.

The Volt’s “Efficiency Meter” in the digital instrument cluster gives the driver real-time feedback on driving efficiency. The heating and cooling system has three efficiency modes, while activating the Volt’s “Green Leaf” button provides access to vehicle Power Flow, Charging and Energy information. The driver will be able to set the charging schedule inside the vehicle or remotely, based on time of day or cost. And the Volt even has audio and visual cues to alert the driver when the car powers on, off and when charging is activated.

2011 Chevrolet Volt
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The Volt has been keeping a high profile in and around Los Angeles in the days leading up to the auto show. It has visited notable L.A.-area restaurants, the Westlake Century City Mall in West Los Angeles and was featured at a nationwide school assembly based at the Harvard-Westlake preparatory school. Chevrolet will also introduce a new Volt song designed to educate and entertain consumers during the auto show’s public days.

Alina Moore
Alina Moore
Alina Joined the team in the early 2000s as one of the outlets very first experts, and she’s been with ever since. Over the years, she’s served various roles, but today she’s is relied on heavily to verify automotive facts, assist with formatting, and discover new and engaging topics.  Read full bio
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  (708) posted on 01.26.2010

well 300 mile without recharging that was a long travel but the question is how long 2? 3? 4? years? for all i know batteries like Li ion uses it potential an optimal discharge rate when it’s new or less than 1 year beyond that battery discharge rate are increasing.

  (344) posted on 01.14.2010

Also I can’t blame anyone if you will see it as "yeah, Chevy Volt? I saw that many times on the net and to think that if it’s okay, yeah I think". It’s not that surprising at all like you’ve killed the excitement of the retailers to buy that car of so many Volt promotions and of course the horrific Chevy Volt dance.

  (814) posted on 01.7.2010

Volt electric car to a press junket for the first time! Aren’t you excited?! Well, since the Volt has been teased in front of us for the past several months, we don’t blame you for feeling a little surprised.

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