General Motors has announced that their much anticipated electric Chevy Volt will hit storerooms with a $41,000 price tag.

Rebates and tax credits will help make it more affordable for some consumers.  There is currently a federal tax credit of $7,500 for those who buy an electric car.  The state of California offers an additional $5,000 rebate.

GM is also offering an attractive lease program to help make it more affordable.

GM’s Description of the Volt

Volt is an electric car that uses gas to create its own electricity. Plug it in, let it charge overnight, and it’s ready to run on a pure electric charge for up to 40 miles(3) — gas and emissions free. After that, Volt keeps going, even if you can’t plug it in. Volt uses a range-extending gas generator that produces enough energy to power it for hundreds of miles on a single tank of gas.

It will be interesting to see if the electric car can finally take off in America.  If we could ever free ourselves of Middle Eastern oil it would take power away from many of the terrorist factions and leaders of the region.

Read More About the Volt from GM