Electric Car to Cost $41K

General Motors Corporation says that its Chevrolet Volt electric car will cost $41,000 dollars when it goes on sale in November 2010.

That's priced $8,000 more than its closest rival, the all-electric Nissan Leaf.

GM will also offer a $350-per-month lease deal; that is about equal to the Leaf’s.

Both cars are eligible for a federal tax credit that will cut their prices by $7,500 dollars.

The Chevy Volt runs on battery power but has a small gas engine to generate electricity once the battery runs down.

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