The all-new Chevrolet Volt is one of the most talked-about cars in recent memory. Powered by electricity without being tethered to electrical outlets, the vehicle represents a new era of innovation for much-maligned General Motors, of which Chevy is a subsidiary. Motor Trend magazine recently named the Volt as its "2011 Motor Trend Car of the Year," an annual award that is among the most prestigious honors bestowed in the auto industry.
And while the Volt will be good for the environment and Chevy's reputation, the company hopes it can be good for one other thing, too: education. Chevy plans to auction off the first Volt with the proceeds going to support public schools in Detroit, the former heart of the American automobile industry and a once-booming city of industry that has fallen into disarray in recent years.
In particular, explained General Motors North America president Mark Reuss, proceeds from the auction would support math and science in Detroit's public schools. "Every aspect of the Volt – from its aerodynamic shape to its battery chemistry – is a testament to the importance of math and sciences," he said. "By encouraging Detroit-area students to pursue these topics, we hope to cultivate the next generation of engineers who will build upon the Volt's innovative technologies."
The Volt will retail for approximately $41,000, not including federal rebates, but Chevy hopes the car will fetch a good deal more on the auction block. The opening bid on the very first Volt – which is equipped with every available option – has been set at $50,000, and bidding begins today via the website bidonthevolt.com. Bids will be accepted until 6 p.m. on December 14, with the winner to be announced on December 16.