Chevy Volt to Go on Sale in California

General Motors says the Chevrolet Volt electric car will go on sale late next year in California.

GM said Wednesday at the Los Angeles Auto Show that it will announce other markets later.

The Volt, which is expected to cost around $40,000, can be charged in a conventional outlet and is designed to drive up to 40 miles on electricity. When its lithium-ion battery runs low, an engine kicks in to extend its driving range to more than 300 miles without refueling.

GM also said it's teaming up with three California utilities as part of a demonstration project. Using a $30 million grant from the U.S. Department of Energy, the project will distribute 100 Volts to various fleets and will install 500 charging stations for residential, commercial and public use.