The New York Times recently had an interview with GM's Bob Lutz about the Volt. Lutz is clearly not only focused on quarterly profits, and he seems to be committed to bringing the Volt to market - aiming for 2010, possibly will slip to 2011. Not 2009, as stated in the article.
However, when asked what the future at GM would look in terms of emphasis, what was his answer? It wasn't electric. It was ethanol.
Yes, Bob Lutz' vision of the future is more internal combustion engines. He's still solving last year's problem - oil dependency. Global warming hasn't lit up his radar yet. He sees the Volt as merely an internal combustion vehicle with some clever marketing potential. It's not a bridge vehicle to an electrical infrastructure; GM expects to keep churning out internal combustion engines indefinitely.
Ethanol is not an answer to global warming. Between the CO2 emitted producing it, and the CO2 emitted burning it, and the millions of acres of new farmland that will have to be cleared to produce enough of it (destruction of carbon sinks), ethanol is no better for global warming than just burning gasoline.
Lutz' vision of the future assumes that the buying public won't know or won't care that ethanol is not helping with global warming. It's not a safe bet.
It's also not safe to bet against all-electric vehicles. With battery technology such a hot development area, it's just a matter of time - and not much time - before electric vehicles outperform their ethanol-fueled counterparts in every respect: acceleration, range, operating and maintenance costs. Even recharging times are coming down.
And who will lead this parade, grab market share, position itself for advantage? Not GM. They'll be dragging their feet, lobbying regulators and legislators, looking for an angle that will let them hang on to their internal combustion empire.
It's a shame, really. Detroit has a chance here to reassert American technical know-how and dominate new markets world-wide, even to leap-frog the Japanese. Instead they'll be also-rans. Again.